Frontier Airlines 2006 Annual Report Download - page 254

approved by such accountants or officer, as the case may be, and disclosed therein).
Section 3.06 Billing and Payment; Reconciliation.
(a) Billing and Payment. No later than ten calendar days prior to the beginning of the month covered by a Final
Monthly Schedule and the Operational Assumptions for a given month pursuant to Section 2.01(b), RAI shall present a reasonably
detailed written invoice for amounts due under this Agreement in respect of the Base Compensation for the Scheduled Flights during
the month to which such Final Monthly Schedule and Operational Assumptions pertain, calculated in accordance with Paragraph 2 of
Exhibit D. Frontier shall pay RAI the amount due under such invoice (the “Invoiced Amount”), subject to Frontier's right to dispute
any calculations set forth on such invoice that do not comply with the terms of this Agreement, net of amounts owed by RAI to
Frontier, as follows:
(i) Thirty-four percent (34%) of the Invoiced Amount on the later of the first Business Day of the covered
month or the third Business Day following receipt by Frontier of the invoice, by electronic transfer of funds to a bank
account designated by RAI;
(ii) Thirty-three (33%) of the Invoiced Amount on the 10th calendar day of the covered month, or the next
Business Day thereafter, by electronic transfer of funds to a bank account designated by RAI; and
(iii) Thirty-three (33%) of the Invoiced Amount on the 20th calendar day of the covered month, or the next
Business Day thereafter, by electronic transfer of funds to a bank account designated by RAI.
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* Confidential
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠