Customer Facility Charge. DuringEffective on the Termcommencement date of this Contract and continuing through the term of the Contract, the Contractor shall collect a Customer Facility ChargesCharge (CFC) on behalf of the Authority in the amount of Three Dollars ($3.00) for each Transaction Day of each rental. The purpose of the CFC is to provide a funding source for the initial development of the consolidated Sites provided herein and potential future design, development, and construction of a new CRCF. Any or all of the CFCs (which shall include any and all adjustments of such charge) for the benefit of the Authority may be used for any lawful purpose as determined by the Authority to include, but not limited to, the planning, design, construction, renovation, repair, operating and maintenance cost of existing and future facilities and common use transportation systems that are allocable or attributable to the car rental operations at the Airport.
Customer Facility Charge. Lessee shall collect a Customer Facility Charge (CFC) in the amount of Three Dollars ($3.00) for each Transaction Day for a maximum of fourteen
Customer Facility Charge. Operator shall comply with Section 37.11 of the Revised Code of General Ordinances of the City of Dayton, as may be amended, during the term of this Agreement regarding the imposition and collection of a CFC on all vehicle rental transactions originating at the Airport.
Customer Facility Charge. A Customer Facility Charge (“CFC”) will be collected from Lessee's Airport customers, for the purpose of recovering the Authority's costs associated with facilities used for rental car concessions, as deemed necessary by the Authority. The Authority will implement the CFC and begin collection thereof by adoption of an ordinance. Without limiting the broad authority of the Authority set forth above, the CFCs may be used to pay, or reimburse the Authority for the cost of rental car facilities and related rental car equipment at the discretion of the Authority. Any or all of the CFCs may be used for the cost of rental car facilities and related equipment, airport infrastructure related to the CONRAC facilities, and to create and maintain reasonable reserves, or for such other rental car related purpose as the Authority determines. The method of calculating the CFC and the amount of such customer facility fee shall be determined by the Authority in its sole discretion. For the purposes of computing Gross Revenues, as herein defined, it is agreed that the CFC is not included in the definition of Gross Revenues. The Authority may, at any time and for any reason, change the amount of the CFC, or discontinue it upon written notice to Xxxxxx.
(1) Lessee shall list the CFC separately on its Airport customer invoice, describing it as a "Customer Facility Charge," or with such other words as are approved by the Authority in advance in writing, and shall charge such CFC as directed by the Authority. Lessee shall include the CFC in all forms of reservations for contracts that begin after the effective date of the CFC. Upon CFC rate change, Lessee shall include the new rate in all reservations that begin after the CFC rate change effective date. The Authority shall provide Lessee at least sixty (60) days prior written notice of any CFC rate change.
(2) The CFC collected by Xxxxxx is the property of the Authority. Lessee agrees that the CFC is not income, revenue, or any other asset of Lessee; that Lessee has no ownership or property interest in such CFCs; and that Lessee hereby waives any claim to a possessory or ownership interest in the CFCs. Xxxxxx agrees that it holds all CFCs in trust for the benefit of the Authority, that Xxxxxx is a fiduciary in holding the CFCs, and that the Authority (or a trustee on its behalf) has complete possessory and ownership rights to all CFCs. Consistent with the nature of the CFC, as funds held in trust for the Authority, Xxxxxx shall ...
Customer Facility Charge. Subject to applicable regulatory requirements, the County reserves the right to impose a Customer Facility Charge (“CFC”) pursuant to a separate agreement between the County and the Operator, which charge shall be used to finance the design and construction of future Airport improvements.
Customer Facility Charge. A. Customer Facility Charge (CFC) means the amount charged by the Lessor and required to be collected by the Concessionaire from its customers for each Contract Day, for a maximum of fourteen (14) Contract Days, for each automobile rented under an Automobile Rental Contract entered into on the Airport, or other locations with car pickup occurring at the Airport, regardless of the ownership, area fleet, or location assignment of the vehicle, and without regard to the manner in which, or place at which, the vehicles are furnished to the customer, and without regard to whether the vehicles are returned to the Airport or some other location. The CFC is at all times the property of the Lessor and collected by the Concessionaire as an agent in trust for the Lessor and set forth herein.
B. The CFC revenues collected and remitted to the Lessor will be used to pay eligible costs for designing, constructing, furnishing and equipping the Airport's car rental facilities, annual debt service on any bonds issued to finance the costs of designing, constructing, furnishing, and equipping car rental facilities at the Airport and to establish reserves therefore, and to pay issuance costs of said bonds, as determined by the Lessor.
C. The Concessionaire shall collect and remit the CFC revenues on behalf of the Lessor based on the following:
(1) An initial CFC rate of three dollars ($3.00) for each Contract Day for a maximum of fourteen (14) Contract Days shall be levied for each automobile rental entered into by the Concessionaire through its operations at the Airport. Contract Day shall mean a continuous twenty-four (24) hour period or fraction thereof during which an individual car rental customer rents an automobile. In the event the same automobile is rented to more than one customer within such continuous twenty-four (24) hour period, then each such rental shall be reflected as a Contract Day. Following the final twenty-four
Customer Facility Charge. “CFC”)
A. Concessionaire shall collect a daily CFC on all vehicle rental transactions originating at the Airport. Collection of the CFC will begin on the date identified by the Port. The Port will give Concessionaires at least ninety (90) days prior written notification that collection of the CFC will commence and the dollar amount of the CFC. The CFC shall be identified on a separate line below the sales tax line on the customer‟s rental contract, in the amount established from time to time by the Port, and shall be described as the “Customer Facility Charge” or “CFC”. Each Concessionaire must collect the CFC at the time the first payment is made under a Rental Car Contract, and must remit the full amount of the CFC to the Port regardless of whether or not the full amount of such CFC is actually collected by the Concessionaire from the person who rented the Automobile under such Rental Car Contract.
B. Concessionaire agrees that the CFC is not income, revenue or any other asset of Concessionaire; that Concessionaire has no ownership or property interest in such CFCs; and that Concessionaire hereby waives any claim to a possessory or ownership interest in the CFCs. Concessionaire agrees that it holds such CFCs in trust for the benefit of the Port, and that the Port (or a trustee on its behalf) has complete possessory and ownership rights to such CFCs.
Customer Facility Charge. In the event City requires collection of a Customer Facility Charge, Tenant shall collect such Customer Facility Charge from Tenant’s customers and remit such Customer Facility Charge to City in accordance with applicable law. City reserves the right to adjust the amount or basis (i.e., per contract or per day) of any such Customer Facility Charge at any time during the Term of the Lease.
Customer Facility Charge. During the Term of this Contract, the Contractor shall collect Customer Facility Charges (CFC) on behalf of the Authority. The purpose of the CFC is to provide a funding source for the initial development of the consolidated Sites provided herein and potential future design, development, and construction of a new CRCF. Any or all of the CFCs (which shall include any and all adjustments of such charge) for the benefit of the Authority may be used for any lawful purpose as determined by the Authority to include, but not limited to, the planning, design, construction, renovation, repair, operating and maintenance cost of existing and future facilities and common use transportation systems that are allocable or attributable to the car rental operations at the Airport.
Customer Facility Charge. (CFC) shall mean the customer facility charge or charges authorized and imposed by NOAB on rental car transactions occurring on or about the Airport and are not considered to be Revenues for establishing rentals, fees, and charges, for Air Transportation Companies pursuant to this Agreement.
