Passenger Facility Charge Sample Clauses

Passenger Facility Charge. AUTHORITY reserves the right to assess and collect PFCs subject to the terms and conditions set forth in the Aviation Safety and Capacity Expansion Act of 1990, Section 9110 (the "PFC Act") and implementing regulations as may be supplemented or amended from time to time. AIRLINE shall collect and pay all PFCs for which it is responsible under the provisions of 14 CFR Part 158. Failure by AIRLINE to remit PFCs within the time frame required by 14 CFR Part 158 shall be grounds for immediate cancellation of this Agreement pursuant to Section 12.01B.
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Passenger Facility Charge. The COUNTY expressly reserves the right to impose PFCs on airline passengers for the use of the Airport in accordance with 49 U.S.C. §40117 and applicable implementing regulations adopted by the FAA, 14 C.F.R. Part 158, as they may be amended from time to time (the "PFC Regulations"). The LICENSEE shall hold in trust for the COUNTY the net principal amount of all PFCs that are collected by the LICENSEE or its agents on behalf of the COUNTY. For the purposes of Section 3.04, net principal amount shall mean the total principal amount of all PFCs that are collected by the LICENSEE or its agents on behalf of the COUNTY, reduced by any amount that the LICENSEE is permitted to retain pursuant to 49 U.S.C. § 40117 and the PFC Regulations. Monthly PFCs collected by the LICENSEE shall be remitted to the COUNTY no later than the last day of the following calendar month or if that date falls on a weekend or holiday, the first business day thereafter. In addition, PFCs collected by the LICENSEE shall be remitted to the COUNTY at the address specified in Section 3.02, Part A, “Place of Payment and Filing” or at such other place as designated by the COUNTY. Should the LICENSEE fail to remit the net principal amount of all PFCs to the COUNTY within five (5) days following the remittance date specified above, the LICENSEE shall be deemed to be in default pursuant to Article VIII hereof. In addition, any late payment of PFCs shall be subject to late fees computed at the rate of one and one-half percent (1.5%) per month of the payment due and unpaid plus one hundred dollars ($100) or the highest rate allowable under applicable state law from the due date until paid in accordance with Section 3.03 of this LICENSE. Nothing contained herein shall be construed to supercede the rights and obligations provided in 14 C.F.R. Part 158 regarding PFCs. In the event that a conflict exists between such federal regulation and this LICENSE, the federal regulation shall govern.
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Passenger Facility Charge. A. County shall have the right to assess airline passengers a PFC for the use of the Airport in accordance with the requirements of 14 CFR Part 158. Airline shall collect on behalf of and remit to County any such charges in accordance with the requirements of 14 CFR Part 158. Any charges collected by the Airline shall, pending remittance to County, be held for the benefit of County. County shall have the right to use all such PFCs collected in any lawful manner. B. If Airline fails to remit PFC revenue to the County within the time limits established by federal regulation, Airline shall be deemed to be in default pursuant to Section 11.01.
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Passenger Facility Charge. The Administrator of the Federal Aviation Administration may, from time to time, approve requests by the Board for the imposition of a Passenger Facility Charge. To the extent applicable to Signatory under applicable federal law and the Rules and Regulations of the Board, PFC's shall be collected by Signatory for each paying Enplaned Passenger at the Airport at such times and as prescribed by applicable federal law and the Rules and Regulations of the Board. Signatory will collect and timely pay all PFCs for which it is responsible under the PFC statute and regulations.
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Passenger Facility Charge. NOAB reserves the right to assess and collect PFCs subject to the terms and conditions set forth in the Aviation Safety and Capacity Expansion Act of 1990, Article 9110 (the "PFC Act") and implementing regulations as may be supplemented or amended from time to time. AIRLINE shall collect and pay all PFCs for which it is responsible under the provisions of 14 CFR Part 158. Failure by AIRLINE to remit PFCs within the time frame required by 14 CFR Part 158 shall be grounds for cancellation of this Agreement pursuant to Article 12.01B.
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Passenger Facility Charge. Nothing in this Agreement shall limit the Aviation Commission's right to impose on Airline's passengers a Passenger Facility Charge ("PFC") authorized under Section 1113(e) of the Federal Aviation Act of 1958, as amended by Section 9110 of the Omnibus Budget Reconciliation Act of 1990 (Pub. L. 101-508, 49 U.S.C. App Paragraph 1513) and the rules and regulations promulgated there under (14 CFR Part 158), as may be amended from time to time ("PFC Regulations"). Airline agrees to cooperate with the Aviation Commission in the collection of such charge and to collect and remit such charges, less the allowable collection fee and any amounts paid by ticket purchasers that are subject to reimbursement, to the Aviation Commission as provided in the PFC Regulations. The Aviation Commission shall apply any such PFC revenues to improvement of the Airport or to the retirement of Airport debt as required by the PFC Regulations.
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Passenger Facility Charge. A. County expressly reserves the right to impose PFC's on airline passengers for the use of the Airport in accordance with 49 U.S.C. § 40117 and applicable implementing regulations adopted by the FAA, 14 CFR Part 158, as they may be amended from time to time (the "PFC Regulations"). B. Airline shall hold in trust for the County the net principal amount of all PFCs that are collected by Airline or its agents on behalf of County. For the purposes of this Section 7.7, "net principal amount" shall mean the total principal amount of all PFCs that are collected by Airline or its agents on behalf of the County, reduced by any amount that the Airline is permitted to retain pursuant to 49 U.S.C. § 40117 and the PFC Regulations. Monthly PFCs collected by Airline shall be remitted to County no later than the last day of the following calendar month or if that date falls on a weekend or holiday, the first business day thereafter. In addition, PFCs collected by Airline shall be remitted to County as specified in subsection 7.7C. C. Should Airline fail to remit the net principal amount of all PFC's to County within five (5) days following the remittance date specified above, Airline shall be deemed to be in default pursuant to Article X of this Agreement.
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