ESTABLISHMENT OF RATES AND CHARGES IN FUTURE Sample Clauses

ESTABLISHMENT OF RATES AND CHARGES IN FUTURE. During the term hereof, Landing Fees and Terminal Rentals will be established annually for the ensuing one year period. Prior to the end of each fiscal year Commission will furnish to Airline a statement of estimated Airport Revenues and Expenses along with Commission's proposed budget for the following fiscal year for which new rates and charges are to be adopted. The information furnished to Airline will include the estimated rates and charges to be payable by Airline pursuant to the new budget. Also prior to the end of the fiscal year and prior to the adoption of the estimated rates and charges, Commission's representatives will meet with Airline and other signatory airlines to discuss the estimated revenues and expenses for the year ending, and the proposed budget for the new year and the resulting estimated rates and charges. Airline will have the opportunity to comment on and be heard with respect to the matters to be discussed at the meeting. Following such meeting Commission will adopt its new budget and proposed rates and charges after giving effect to the changes therein, if any, suggested by/pursuant to Airline's comments. Commission will provide Airline with a copy of the final budget and the new rates and charges to be effective in the new fiscal year: Provided, however, that the new rates and charges will not be finally adopted or placed into effect until after Commission's audited financial statements from the prior year have been accepted by Commission and Commission issues its letter to Airline establishing such new final rates and charges. From the first day of each new fiscal year Airline shall continue to pay rentals and landing fees at the prior year's rates until notified by Commission that the final rates are in effect. The final rates shall be retroactive to the first day of the new fiscal year and Commission will cause its invoice to Airline to be issued giving effect to such new rates, including a credit for any overpayment by Airline or an additional charge for any underpayment by Airline under the new schedule of rates and charges. When establishing such fees, rentals and charges it is agreed that the following principles shall be observed:
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ESTABLISHMENT OF RATES AND CHARGES IN FUTURE. During the term hereof, Landing Fees and Terminal Rentals will be established annually for the ensuing one year period. Prior to the end of each fiscal year Commission will furnish to Airline a statement of estimated Airport Revenues and Expenses along with Commission's proposed budget for the following fiscal year for which new rates and charges are to be adopted. The information furnished to Airline will include the estimated rates and charges to be payable by Airline pursuant to the new budget. Also prior to the end of the fiscal year and prior to the adoption of the estimated rates and charges, Commission's representatives will meet with Airline and other signatory airlines to discuss the estimated revenues and expenses for the year
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Related to ESTABLISHMENT OF RATES AND CHARGES IN FUTURE

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  • Reimbursement of Expenses and Miscellaneous Service Fees (a) In addition to paying BISYS the fees provided in Section 3 and Schedule B, the Trust agrees to reimburse BISYS for its reasonable out-of-pocket expenses in providing services hereunder, including without limitation the following:

  • Rent and Charges Reserve the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

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