Common use of Engine LLP Reserves Clause in Contracts

Engine LLP Reserves. LESSOR will reimburse LESSEE from the Engine LLP Reserves for an Engine for the actual out-of-pocket materials cost without overhead, ▇▇▇▇-up or profit factor, and reduced by the amount of any “Waste Expense” (if applicable), associated with the replacement of life-limited Parts in such Engine during completed Engine shop visits (i.e. heavy maintenance visits), with work performed for all other causes excluded, including those causes set forth in Article 13.8. “Waste Expense” means the product of (a) the number of unused cycles on a life-limited Part that is in excess of ***** of such part’s approved life when ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.