Common use of Adjustment of Fee Clause in Contracts

Adjustment of Fee. If for any reason the number of monthly enplaning passengers on scheduled flights at the Airport drops to less than eighty percent (80%), but more than forty percent (40%), for more than three (3) consecutive months compared to the same months of the prior Contract Year then, beginning in the following month, the Privilege Fee will be paid at a rate of MAPF per passenger. When monthly enplaning passengers on scheduled flights at the Airport return to eighty percent (80%) compared to the same months of the prior Contract Year for more than three (3) consecutive months, the MAPF will revert to the MAPF then in effect for the current Contract Year. If for any reason the number of monthly enplaning passengers on scheduled flights at the Airport drops to less than forty percent (40%) for the same months of the prior Contract Year for more than three

Appears in 20 contracts

Samples: Hillsborough County Aviation Authority, Hillsborough County Aviation Authority, Hillsborough County Aviation Authority

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