Collection of the CFC Sample Clauses

Collection of the CFC. In the event that the Airports Authority directs the Contractor to collect CFC fees, the Contractor shall collect the CFC on behalf of the Airports Authority from each rental car customer, including those receiving complimentary car rentals or discounted car rental rates. The fee, which is described in further detail below, shall be separately stated on a line in the rental car customer contract, before any state or local taxes, and described as the "Washington Dulles International Airport (IAD) Contract Fee." Each twenty-four hour period or fraction thereof within the rental period shall constitute a separate day for which the CFC must be levied and collected, provided that the Contractor shall not be required to collect the CFC for any day in which the passenger motor vehicle is returned by the customer to the Contractor prior to the time when the Contractor would charge the customer for another full day of rental. The Contractor agrees that the CFC is not income, revenue or any other asset to Contractor; that the Contractor has no ownership or property interest in such CFCs; and that the Contractor hereby waives any claim to a possessory or ownership interest in the CFCs. Contractor agrees that it holds such CFCs in trust for the benefit of the Airports Authority, and that the Airports Authority (or a trustee on its behalf) has complete possessory and ownership rights to such CFCs. The fees due and collected, including any interest earned, shall be remitted by the Contractor to the Airports Authority with each month’s Itemized Certified Statement. The Contractor shall maintain records and controls which are sufficient to demonstrate the correctness of the CFC fees due and collected by the Contractor and the amount of CFC fees paid to the Airports Authority. These records shall be available for inspection and examination at all times by the Airports Authority or its duly authorized representative.
Sample 1
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