Common use of Need for Capital Expenditures Clause in Contracts

Need for Capital Expenditures. The parties hereto recognize that Capital Expenditures to preserve, protect, enhance, expand, or otherwise improve the Airport System, or part thereof, will be required during the Term of this Agreement. Any such Capital Expenditures to be paid for or financed with Revenues shall be subject to the provisions of Sections 9.02 and 9.03, below.

Appears in 3 contracts

Samples: Use and Lease Agreement, Use and Lease Agreement, Use and Lease Agreement

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Need for Capital Expenditures. The parties hereto recognize that Capital Expenditures to preserve, protect, enhance, expand, or otherwise improve the Airport SystemAirport, or part thereof, will be required during the Term of this Agreement. Any such Capital Expenditures to be paid for or financed with Revenues shall be subject to the provisions of Sections 9.02 12.02 and 9.03, 12.03 below.

Appears in 1 contract

Samples: Lease and Operating Agreement

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Need for Capital Expenditures. The parties hereto recognize that Capital Expenditures to preserve, protect, enhance, expand, or otherwise improve the Airport SystemAirport, or part thereof, will may be required during the Term of this Agreement. Any such Capital Expenditures to be paid for or financed with using Airport Revenues shall be subject to the provisions of Sections 9.02 and 9.03, belowthis Article 9.

Appears in 1 contract

Samples: Signatory Airline Use and Lease Agreement

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