Insufficiency of Airport Revenues; Adjustment of Landing Fee Sample Clauses

Insufficiency of Airport Revenues; Adjustment of Landing Fee. (a) Notwithstanding any other provision hereof, if, at any time during any Additional Term, Airport Revenues are insufficient to pay, when due, all items included in the Annual Reports prepared pursuant to this Article VIII, or to pay any other expense or cost incidental or necessary to, or arising out of, the operation of the Airport System, including, without limitation, emergency repairs or expenses, the costs of defending, settling or satisfying any litigation which relates to the Airport System, or any aspect thereof, or to compensate for the loss of Airport Revenue by reason of any labor dispute, City may, upon ninety days’ notice to Airline, immediately increase the Landing Fees to such amount as is sufficient to assure City that all such items, expenses and costs shall be paid in full solely from Airport Revenues. If a proposed settlement of any litigation referred to above would result in an increase of 10% or more in the Landing Fees otherwise payable during the then current Additional Term, City shall submit such proposed settlement to the Scheduled Airlines. If not disapproved by a Majority In Interest within twenty days after such submission, City may promptly implement such proposed settlement and increase Landing Fees accordingly. If disapproved by a Majority In Interest as aforesaid, the Scheduled Airlines shall promptly assume the full responsibility for the defense of such litigation; provided, however, that the settlement as proposed by City shall be implemented as if approved by a Majority In Interest unless, within ten days after such disapproval, a Majority In Interest gives to City an indemnity, satisfactory to the Director of Law of City, indemnifying and saving City harmless from and against any and all liability, loss, cost, damage or expense, including attorneys’ fees, arising out of or relating to such litigation.