Frontier Airlines 2006 Annual Report Download - page 210

(b).less than [*] on-time zero;
ii. Contractor enters into a new codeshare with another airline in breach of Article V.A or V.B; or
iii. Contractor breaches its obligations contained in Article V.A or V.B; or
iv. Contractor’s operating certificate is revoked or suspended by the FAA, for safety issues or concerns, for a
period of four consecutive months.
2. Such Call Option will be governed by the terms set forth below:
a. The Call Option shall apply to any or all regional jet aircraft operated by Contractor as United Express pursuant to the
terms of this Agreement at the time of the event or events described in Article XVI.I.1 above, provided that if United exercises the
Call Option for less than all of such regional jet aircraft, it shall not exercise such Call Option for at least [*] such aircraft which are to
be selected by United.
b. United shall deliver notice of its election to exercise the Call Option no later than 45 days following the date of notice of
termination of this Agreement.
c. Within [*] business days following its receipt of a notice by United of its notice of termination, Contractor shall provide United
with: (i) copies of documentation relating to interests to be assumed by United or retired at United’s expense as a result of an aircraft
lease assignment, sublease or purchase; (ii) lease rates and other financial information relevant to the assignment, sublease or
purchase; and (iii) the identity of and contact information for all parties with an interest in said aircraft.
__________
* Confidential
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠