Operation and Maintenance Agreement. On August 24, 2005, Quito Airport Management Quiama Ltd. (formerly known as “ADC & HAS Management Ltd.”), a company incorporated under the laws of British Virgin Island, entered into an agreement with Quiport for the provision of airport services in Xxxxxxxx Sucre International Airport. To undertake this contract, the operator shall administer the employee payroll and the operation and maintenance of airside and landside facilities, buildings and improvements of the Airport. Expenses incurred in the execution of the contract shall be reimbursed by Xxxxxxx. Usufruct Agreement - On March 1, 2018, EPMSA and Quiport renewed the usufruct contract for certain goods used in the operation, maintenance and service for accidents, fire and rescue at the new airport. This usufruct contract grants to Quiport the right to use and receive the economic benefit generated by these assets for a 5-year period as from the opening date of the new airport in exchange for a payment. Upon conclusion of the contract term, Xxxxxxx will surrender the goods in the same conditions in which they were at the time of signing the contract, taking into account normal wear and tear. Therefore, Xxxxxxx is responsible for the administration, maintenance and custody of the goods.
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Samples: Common Terms Agreement, Common Terms Agreement, Common Terms Agreement
