Common use of No Adjustment for Inflation Clause in Contracts

No Adjustment for Inflation. For the avoidance of doubt, any increase to the Total Landing Contribution, Total Domestic Terminal Contribution, Total International Terminal Contribution or Total Local Terminal Contribution on account of a Government- Mandated Capital Project or any Government-Mandated Operating Expenses is not subject to, and does not affect, any adjustment of the Total Annual Contribution for inflation. Further for the avoidance of doubt, any such increase to the Total Landing Contribution, Total Domestic Terminal Contribution, Total International Terminal Contribution or Total Local Terminal Contribution shall not be adjusted to reflect inflation or any other increase in costs except as indicated in the project proposal submitted to the Signatory Airlines.

Appears in 3 contracts

Samples: Airport Use Agreement, Airport Use Agreement, Airport Use Agreement

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No Adjustment for Inflation. For the avoidance of doubt, any increase to the Total Landing Contribution, Total Domestic Terminal Contribution, Total International Terminal Contribution or Total Local Terminal Contribution on account of a Government- Mandated an approved Capital Project or any Government-Mandated Operating Expenses is not subject to, and does not affect, any adjustment of the Total Annual Contribution for inflation. Further for the avoidance of doubt, any such increase to the Total Landing Contribution, Total Domestic Terminal Contribution, Total International Terminal Contribution or Total Local Terminal Contribution shall be only as approved by the Airfield MII or Terminal MII or both, as the case may be, and shall not be adjusted to reflect inflation or any other increase in costs except as indicated in the approved project proposal submitted to the Signatory Airlinesproposal.

Appears in 3 contracts

Samples: Airport Use Agreement, Airport Use Agreement, Airport Use Agreement

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