Conditions of Guarantee. The above remedy in Clause 1.2 is applicable only if: (1) Spirit is experiencing an engine caused aircraft on ground situation while being at zero spare engine status caused by V2500-A5 engine related problems, and (2) Spirit is not leasing a Spare Engine through IAE’s emergency lease pool at the time of the request. For the avoidance of doubt, the two conditions in this Clause 1.3 do not apply to Clause 1.1 of the Guarantee. The cumulative amount of this Guarantee shall in no event exceed ***** over the period of the Guarantee. The availability of this Guarantee is contingent upon Spirit managing its fleet in accordance with the FHA (including the mutually agreed eMMP).
Appears in 2 contracts
Sources: Fleet Hour Agreement (Spirit Airlines, Inc.), Fleet Hour Agreement (Spirit Airlines, Inc.)