Common use of Formula Clause in Contracts

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L + M) - P Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (ECI ECIb ) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb) where CPIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Employment Cost Index Manufacturing – Total Compensation (BLS Series ID ECU12402I), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February and March; the value released for the second quarter will be used for the months of April, May and June; the value released for the third quarter will be used for the months of July, August and September; the value released for the fourth quarter will be used for the months of October, November and December. CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (BLS Series ID CUUR0000SA0), calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of July, the months June, July and August of the preceding year will be utilized in determining the value of ECI and CPI.

Appears in 2 contracts

Sources: Purchase Agreement (Gol Intelligent Airlines Inc.), Purchase Agreement (Gol Intelligent Airlines Inc.)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L P+B)(L + M) - P Where: Pa = Airframe Price Adjustment. (For Models Model 717-200, 737-600, 737-700, 737-800, 800 and 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (( ECI ----- ECIb ) )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb) ( ICI ----- ICIb )where CPIb ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P)where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index Manufacturing – Total Compensation for workers in aerospace manufacturing - Wages and Salaries" (BLS Series ID ECU12402IECI code 3721W), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11thfifth, 12th sixth and 13th seventh months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter month of March will be used for the months of January, February January and MarchFebruary; the value released for the second quarter will be June used for the months of April, May April and JuneMay; the value released for the third quarter will be September used for the months of July, August July and SeptemberAugust; and the value released for the fourth quarter will be December used for the months of October, November October and DecemberNovember. CPI ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer "Producer Prices and Price Index (BLS Series ID CUUR0000SA0)- Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th5th, 12th 6th and 13th 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JulyJanuary, the months June, July and August of the preceding year will be utilized in determining the value of ECI and CPIICI.

Appears in 2 contracts

Sources: Aircraft General Terms Agreement (Amtran Inc), Escalation Adjustment Agreement (Amtran Inc)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L P+B)(L + M) - P Where: Pa = Airframe Price Adjustment. (For Models Model 717-200, 737-600, 737-700, 737-800, 800 and 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (( ECI ----- ECIb ) )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb) ( ICI ----- ICIb )where CPIb ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index Manufacturing – Total Compensation for workers in aerospace manufacturing - Wages and Salaries" (BLS Series ID ECU12402IECI code 3721W), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11thfifth, 12th sixth and 13th seventh months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter month of March will be used for the months of January, February January and MarchFebruary; the value released for the second quarter will be June used for the months of April, May April and JuneMay; the value released for the third quarter will be September used for the months of July, August July and SeptemberAugust; and the value released for the fourth quarter will be December used for the months of October, November October and DecemberNovember. CPI ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer "Producer Prices and Price Index (BLS Series ID CUUR0000SA0)- Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th5th, 12th 6th and 13th 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JulyJanuary, the months June, July and August of the preceding year will be utilized in determining the value of ECI and CPIICI.

Appears in 2 contracts

Sources: Aircraft General Terms Agreement (Amtran Inc), Escalation Adjustment Agreement (Amtran Inc)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L + M) - P **** Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L **** P = .65 x (ECI ECIb ) where **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb) where CPIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). ; ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Statistics, Employment Cost Index for NAICS Manufacturing – Total Compensation (BLS Series ID ECU12402ICIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th 12th, and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February February, and March; the value released for the second quarter will be used for the months of April, May May, and June; the value released for the third quarter will be used for the months of July, August August, and September; the value released for the fourth quarter will be used for the months of October, November November, and December. M = **** **** **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Statistics, Consumer Price Index – All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3-) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th 12th, and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July July, and August of the preceding year will be utilized in determining the value of ECI and CPI. Note: (i) In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. (iv) The **** (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. (v) The final value of Pa will be rounded to the nearest dollar. (vi) The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Appears in 2 contracts

Sources: Purchase Agreement (Avolon Holdings LTD), Purchase Agreement (Avolon Holdings LTD)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L + M) - P Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 737-900ER 747-8, 777-200LR 200LR, 777-F, and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (ECI ECIb ) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb) where CPIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus the price of the Optional Features Price (as set forth in Table 1 of this Purchase Agreement). L = .65 x (ECI ECIb) Where: ECIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Statistics, Employment Cost Index for NAICS Manufacturing – Total Compensation (BLS Series ID ECU12402ICIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th 12th, and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February February, and March; the value released for the second quarter will be used for the months of April, May May, and June; the value released for the third quarter will be used for the months of July, August August, and September; the value released for the fourth quarter will be used for the months of October, November November, and December. M = .35 x (CPI CPIb) Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Statistics, Consumer Price Index – All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3-) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th , and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July July, and August of the preceding year will be utilized in determining the value of ECI and CPI. Note: (i) In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. (ii) 65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula. (iii) 35 is the numeric ratio attributed to materials in the Airframe Price Adjustment formula. (iv) The denominators (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. (v) The final value of Pa will be rounded to the nearest dollar. (vi) The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Appears in 1 contract

Sources: Purchase Agreement (Fedex Corp)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L P+B)(L + M) - P Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 777-200LR 200X and 777-300ER 300X the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (( ECI ECIb ) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb( ICI ICIb ) where CPIb ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the number of calendar months which have elapsed from the Airframe Price Base Year and Month up to and including the month of delivery, both as shown in Table 1 of the Purchase Agreement. The entire calculation of 0.005 X (N/12) will be rounded to 4 places, and the final value of B will be rounded to the nearest dollar. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Employment Cost Index Manufacturing – Total Compensation for workers in aircraft manufacturing - Wages and Salaries” (BLS Series ID ECU12402IECI code 3721), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February and March; the value released for the second quarter will be used for the months of April, May and June; the value released for the third quarter will be used for the months of July, August and September; the value released for the fourth quarter will be used for the months of October, November and December. CPI ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer “Producer Prices and Price Index (BLS Series ID CUUR0000SA0)- Industrial Commodities Index “, calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th5th, 12th 6th and 13th 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JulyJanuary, the months June, July and August of the preceding year will be utilized in determining the value of ECI and CPIICI. i. In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. ii. 65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula. iii. 35 is the numeric ratio attributed to materials in the Airframe Price Adjustment formula. iv. The denominators (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics (base year June 1989 = 100). The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. v. The final value of Pa will be rounded to the nearest dollar. vi. The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Appears in 1 contract

Sources: Purchase Agreement (Airtran Airways Inc)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L + M) - P **** Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (ECI ECIb ) where **** **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb) where CPIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). ; ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Statistics, Employment Cost Index for NAICS Manufacturing – Total Compensation (BLS Series ID ECU12402ICIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th 12th, and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February February, and March; the value released for the second quarter will be used for the months of April, May May, and June; the value released for the third quarter will be used for the months of July, August August, and September; the value released for the fourth quarter will be used for the months of October, November November, and December. **** **** **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Statistics, Consumer Price Index – All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3-) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th 12th, and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July July, and August of the preceding year will be utilized in determining the value of ECI and CPI. Note: (i) In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. (iv) The **** (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. (v) The final value of Pa will be rounded to the nearest dollar. (vi) The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Appears in 1 contract

Sources: Purchase Agreement (Avolon Holdings LTD)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) ); are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement the applicable purchase agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft aircraft delivery in accordance with the following formula: Pa P(a) = (P) (L P+B)(L + M) - P Where: Pa : (a) = Airframe Price Adjustment. (For Models Model 717-200, 737-600, 737-700, 737-800, 800 and 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (ECI ECIb where ECI(b) where ECIb is the base year index (as set --- forth in Table 1 of this Purchase Agreementthe applicable purchase ECI(b) agreement) M = .35 x (CPI CPIbICI where ICI(b) where CPIb is the base year index (as set --- forth in Table 1 of this Purchase Agreementthe applicable purchase ICI(b) agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreementthe applicable purchase agreement). ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index Manufacturing – Total Compensation for workers in aerospace manufacturing - Wages and Salaries" (BLS Series ID ECU12402IECI code 3721W), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11thfifth, 12th sixth and 13th seventh months prior to the month of scheduled delivery of the applicable Aircraftaircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter month of March will be used for the months of January, February January and MarchFebruary; the value released for the second quarter will be June used for the months of April, May April and JuneMay; the value released for the third quarter will be September used for the months of July, August July and SeptemberAugust; and the value released for the fourth quarter will be December used for the months of October, November October and DecemberNovember. CPI ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer "Producer Prices and Price Index (BLS Series ID CUUR0000SA0)- Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th5th, 12th 6th and 13th 7th months prior to the month of scheduled delivery of the applicable Aircraftaircraft. As an example, for an Aircraft aircraft scheduled to be delivered in the month of JulyJanuary, the months June, July and August of the preceding year will be utilized in determining the value of ECI and CPIICI.

Appears in 1 contract

Sources: Aircraft General Terms Agreement (Copa Holdings, S.A.)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) ); are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement the applicable purchase agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft aircraft delivery in accordance with the following formula: Pa P(a) = (PP)(L + M - 1) (L + M) - P Where: Pa P(a) = Airframe Price Adjustment. (For Models 717-200, Model 737-600, 737-700, 700 and 737-800, 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust levelPrice.) L = .65 x (ECI ECIb ) where ECIb is the --- base year index (as set forth in Table 1 of this Purchase Agreementthe applicable purchase agreement) M = .35 x (CPI CPIb) where CPIb is the ICI --- base year index (as set forth in Table 1 of this Purchase Agreementthe applicable purchase agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreementthe applicable purchase agreement). ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index Manufacturing – Total Compensation for workers in aerospace manufacturing" (BLS Series ID ECU12402IECI code 3721), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11thfifth, 12th sixth and 13th seventh months prior to the month of scheduled delivery of the applicable Aircraftaircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter month of March will be used for the months of January, February January and MarchFebruary; the value released for the second quarter will be June used for the months of April, May April and JuneMay; the value released for the third quarter will be September used for the months of July, August July and SeptemberAugust; and the value released for the fourth quarter will be December used for the months of October, November October and DecemberNovember. CPI ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer "Producer Prices and Price Index (BLS Series ID CUUR0000SA0)- Industrial Commodities Index", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of July, the months June, July and August of the preceding year will be utilized in determining the value of ECI and CPI.the

Appears in 1 contract

Sources: Aircraft General Terms Agreement (Delta Air Lines Inc /De/)