Common use of Monthly Payments of Fees Clause in Contracts

Monthly Payments of Fees. a. From and after the Commencement Date, Company shall pay to the Aviation Authority, in advance and without demand, on the first (1st) day of each calendar month of the Term hereof (and on the Commencement Date, if the Commencement Date is not the first day of a calendar month), an amount equal to one-twelfth (1/12th) of the Minimum Annual Concession Fee then applicable (except as otherwise provided below), prorated for any partial month at the commencement of the Term or the end of the Term, based on the number of days in such partial month, plus any sales or other taxes due thereon, in lawful money of the United States, without deduction or set-off, at the office of the Aviation Authority's Chief Financial Officer (the "CFO") or at such other place as the Chief Executive Officer may designate in writing from time to time. b. Company shall further pay to the Aviation Authority, without demand, at the office of the CFO, on the fifth (5th) day of the month following each calendar month of the Term hereof, a sum of money equal to the amount, if any, by which the total of the percentage fees applicable to Company's Gross Receipts (as set forth in Article 5.A., above) for the previous calendar month exceeds the amount of the installment of the Minimum Annual Concession Fee payable for such month and shall provide the CFO, with a copy to the Director of Concessions, with a statement, in the form of the "Monthly Revenue Report" attached hereto as Exhibit "C" which form the Chief Executive Officer may amend from time to time in his discretion, which sets forth Company's Gross Receipts for the prior calendar month and is signed by an officer (if Company is a corporation), partner (if a partnership), or owner (if a sole proprietorship) of Company, and which sets forth Company's Gross Receipts during such preceding calendar month and identifies all receipts derived by Company during such calendar month which have been excluded from the computation of Gross Receipts. (If Company operates more than one location, each location’s monthly Gross Receipts shall be stated separately on Line (A), Exhibit “C,” “Monthly Revenue Report,” attached hereto).

Monthly Payments of Fees. a. From and after the Commencement Date, Company shall pay to the Aviation Authority, in advance and without demand, on the first (1st) day of each calendar month of the Term hereof (and on the Commencement Date, if the Commencement Date is not the first day of a calendar month), an amount equal to one-twelfth (1/12th) of the Minimum Annual Concession Fee then applicable (except as otherwise provided below), prorated for any partial month at the commencement of the Term or the end of the Term, based on the number of days in such partial month, plus any sales or other taxes due thereon, in lawful money of the United States, without deduction or set-off, at the office of the Aviation Authority's Chief Financial Officer (the "CFO") or at such other place as the Chief Executive Officer may designate in writing from time to time. b. Company shall further pay to the Aviation Authority, without demand, at the office of the CFO, on the fifth (5th) day of the month following each calendar month of the Term hereof, a sum of money equal to the amount, if any, by which the total of the percentage fees applicable to Company's Gross Receipts (as set forth in Article 5.A., above) for the previous calendar month exceeds the amount of the installment of the Minimum Annual Concession Fee payable for such month and shall provide the CFO, with a copy to the Director Manager of Concessions, with a statement, in the form of the "Monthly Revenue Report" attached hereto as Exhibit "C" which form the Chief Executive Officer may amend from time to time in his discretiondiscre- tion, which sets forth Company's Gross Receipts for the prior calendar month and is signed by an officer (if Company is a corporation), partner (if a partnership), or owner (if a sole proprietorship) of Company, and which sets forth Company's Gross Receipts during such preceding calendar month and identifies all receipts derived by Company during such calendar month which have been excluded from the computation of Gross Receipts. (If Company operates more than one location, each location’s monthly Gross Receipts shall be stated separately on Line (A), Exhibit “C,” “Monthly Revenue Report,” attached hereto).

Monthly Payments of Fees. a. 1. From and after the Commencement Date, Company shall pay to the Aviation Authority, in advance and without demand, on the first (1st) day of each calendar month of the Term hereof (and on the Commencement Date, if the Commencement Date is not the first day of a calendar month), an amount equal to one-twelfth (1/12th) of the Minimum Annual Concession Fee then applicable (except as otherwise provided below), prorated for any partial month at the commencement of the Term or the end of the Term, based on the number of days in such partial month, plus any sales or other taxes due thereon, in lawful money of the United States, without deduction or set-off, at the office of the Aviation Authority's Chief Financial Officer (the "CFO") or at such other place as the Chief Executive Officer may designate in writing from time to time. b. 2. Company shall further pay to the Aviation Authority, without demand, at the office of the CFO, on the fifth (5th) day of the month following each calendar month of the Term hereof, a sum of money equal to the amount, if any, by which the total of the percentage fees applicable to Company's Gross Receipts (as set forth in Article 5.A., above) for the previous calendar month exceeds the amount of the installment of the Minimum Annual Concession Fee payable for such month and shall provide the CFO, with a copy to the Director Manager of Concessions, with a statement, in the form of the "Monthly Revenue Report" attached hereto as Exhibit "C" which form the Chief Executive Officer may amend from time to time in his discretiondiscre­tion, which sets forth Company's Gross Receipts Re­ceipts for the prior calendar month and is signed by an officer (if Company is a corporation), partner (if a partnership), or owner (if a sole proprietorship) of Company, and which sets forth Company's Gross Receipts during such preceding calendar month and identifies all receipts derived by Company during such calendar month which have been excluded from the computation of Gross Receipts. (If Company operates more than one location, each location’s monthly Gross Receipts shall be stated separately on Line (A), Exhibit “C,” “Monthly Revenue Report,” attached hereto).

Monthly Payments of Fees. a. From and after the Rent Commencement Date, Company shall pay to the Aviation Authority, in advance and without demand, on the first (1st) day of each calendar month of the Term term hereof (and on the Rent Commencement Date, if the Rent Commencement Date is not the first day of a calendar month), an amount equal to one-twelfth (1/12th) of the Minimum Annual Concession Rental Fee then applicable (except as otherwise provided below), prorated for any partial month at the commencement of the Term term or the end of the Termterm, based on the number of days in such partial month, plus any sales or other taxes due thereon, in lawful money of the United States, without deduction or set-off, at the office of the Aviation Authority's Chief Financial Officer Director of Finance (the "CFODirector of Finance") ), or at such other place as the Chief Executive Officer Director may designate in writing from time to time. b. Company shall further pay to the Aviation Authority, without demand, at the office of the CFODirector of Finance, on the fifth tenth (5th10th) day of the month following each calendar month of the Term term hereof, a sum of money equal to the amount, if any, by which the total of the percentage fees applicable to Company's of Gross Receipts (as set forth specified in Article 5.A., above) for 5.A above and the previous calendar month exceeds the amount of the installment of the Minimum Annual Concession Fuel Flowage Fee payable for such month and shall provide the CFO, with a copy to the Director of Concessions, Finance with a statement, in the form of the "Monthly Revenue Report" attached hereto as Exhibit "CE" which form the Chief Executive Officer Director may amend from time to time in his discretion, which sets forth the Company's Gross Receipts and monthly schedule of all fuel sales by volume (in gallons) and grade (“Fuel Sales”) for the prior calendar month month, and is signed by an officer (if Company is a corporation), partner (if a partnership), or owner (if a sole proprietorship) of Company, and which sets forth Company's Gross Receipts and Fuel Sales during such preceding calendar month and identifies all receipts derived by Company during such calendar month which have been excluded from the computation of Gross Receipts. (If Company operates more than one location, each location’s monthly Gross Receipts shall be stated separately on Line (A), Exhibit “C,” “Monthly Revenue Report,” attached hereto).