Common use of Passenger Facility Charges Clause in Contracts

Passenger Facility Charges. 9.2.1 The Port expressly reserves the right to impose passenger facility charges (“PFCs”) in accordance with 49 U.S.C. § 40117 and applicable implementing regulations adopted by the FAA, 14 CFR Pt. 158, as they may be amended from time to time (the “PFC Regulations”). 9.2.2 Airline shall hold in trust for the Port the net principal amount of all PFCs that are collected by Airline or its agents on behalf of the Port pursuant to 49 U.S.C. § 40117 and the PFC Regulations. For purposes of this Section 9.2, net principal amount shall mean the total principal amount of all PFCs that are collected by Airline or its agents on behalf of the Port, reduced by any amount that Airline is permitted to retain pursuant to § 158.53(a) of the PFC Regulations. PFCs collected by the Airline shall be remitted to the Port at its Payment Address or at such other place as the Director may from time to time designate in writing.

Passenger Facility Charges. 9.2.1 The Port Authority expressly reserves the right to impose passenger facility charges (“PFCs”) in accordance with 49 U.S.C. § 40117 and applicable implementing regulations adopted by the FAA, 14 CFR Pt. 158, as they may be amended from time to time (the “PFC Regulations”). 9.2.2 8.13.1 The Airline shall hold in trust for the Port Authority the net principal amount of all PFCs that are collected by the Airline or its agents on behalf of the Port Authority pursuant to 49 U.S.C. § 40117 and the PFC Regulations. For purposes of this Section 9.28.13.1, net principal amount shall mean the total principal amount of all PFCs that are collected by the Airline or its agents on behalf of the PortAuthority, reduced by any amount that the Airline is permitted to retain pursuant to § 158.53(a) of the PFC Regulations. PFCs collected by the Airline shall be remitted to the Port Authority at its Payment Address the address in Paragraph 8.09.7 or at such other place as the Director Authority may from time to time designate in writing.

Passenger Facility Charges. ‌ 9.2.1 The Port expressly reserves the right to impose passenger facility charges (“PFCs”) in accordance with 49 U.S.C. § 40117 and applicable implementing regulations adopted by the FAA, 14 CFR Pt. 158, as they may be amended from time to time (the “PFC Regulations”). 9.2.2 Airline shall hold in trust for the Port the net principal amount of all PFCs that are collected by Airline or its agents on behalf of the Port pursuant to 49 U.S.C. § 40117 and the PFC Regulations. For purposes of this Section 9.2, net principal amount shall mean the total principal amount of all PFCs that are collected by Airline or its agents on behalf of the Port, reduced by any amount that Airline is permitted to retain pursuant to § 158.53(a) of the PFC Regulations. PFCs collected by the Airline shall be remitted to the Port at its Payment Address or at such other place as the Director may from time to time designate in writing.

Passenger Facility Charges. 9.2.1 The Port expressly reserves the right to impose passenger facility charges (“PFCs”) in accordance with 49 U.S.C. § 40117 and applicable implementing regulations adopted by the Federal Aviation Administration (“FAA”), 14 CFR Pt. 158, as they may be amended from time to time (the “PFC Regulations”). 9.2.2 Airline . Operator shall hold in trust for the Port the net principal amount of all PFCs that are collected by Airline Operator or its agents on behalf of the Port pursuant to 49 U.S.C. § 40117 and the PFC Regulations. For purposes of this Section 9.2subsection 4.2.3, net principal amount shall mean the total principal amount of all PFCs that are collected by Airline Operator or its agents on behalf of the Port, reduced by any amount that Airline Operator is permitted to retain pursuant to § 158.53(a) of the PFC Regulations. PFCs collected by the Airline Operator shall be remitted to the Port at its Payment Address or at such other place as the Director may from time to time designate in writing.