DBE Status of Concessionaire Sample Clauses

DBE Status of Concessionaire. Concessionaire shall take such action as shall be necessary to insure that, during each Lease Year during the Term hereof, not less than 15?6 of the Gross Revenues under this Concession Agreement shall be earned by a disadvantaged business enterprise (hereinafter called a 'IDBEII'), within the meaning of the U.S. Department of Transportation's Regulations 49 CFR, Part 23, Subpart F. If Concessionaire is not itself a DBE, Concessionaire shall provide for such level of participation by entering into a joint venture, sublease, or other direct ownership arrangement with one or more DBE'S, under which not less than 151 of Gross Revenues hereunder will be regarded under such regulations as having been earned by such DBE or DBE'S, provided that any assignment or subletting undertaken by Concessionaire to meet this requirement must have the prior written consent of the Authority as provided in ARTICLE XI hereof. Concessionaire shall provide such information as the Authority may reasonably request, from time to time, to monitor the compliance of Concessionaire with the requirements of this ARTICLE X, as well as such information as the Authority's shall require from time to time to meet the Authority's reporting obligations to the Federal Aviation Administration with regard to the Authority's DBE program for concessions at the Airport.
Sample 1
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