Common use of Flat Rates Clause in Contracts

Flat Rates. To the extent that the Parties agree upon “Flat Rate” payments for certain Services in the Attachments, the following shall apply: 7.1.1 Volaris shall pay to LHT the Flat Rate payment ***** or, if such Day is not a Business Day, on the last Business Day preceding such Day. 7.1.2 In the event that a Flat Rate is based on Flight Hours, the Parties shall agree upon a number of Planned Flight Hours and Minimum Flight Hours in the relevant Attachment. The monthly Flat Rate payment of Volaris shall be based on the Planned Flight Hours of the respective month. 7.1.3 Volaris shall supply LHT with the monthly Flight Hours and monthly Flight Cycles once per month. 7.1.4 In the event that during any given calendar year the actual Flight Hours are lower than the Planned Flight Hours, LHT shall credit to Volaris, on the following monthly invoice ***** 7.1.5 In the event that during any given calendar year the actual Flight Hours exceed the Planned Flight Hours, Volaris shall ***** Volaris shall make such payment *****. 7.1.6 This Article 7.1 shall apply respectively in the event that the Flat Rate is not based on Flight Hours but on Engine Flight Hours or APU Operating Hours or any other recurring reference.