Common use of Payment to County of CFC Revenue Clause in Contracts

Payment to County of CFC Revenue. All CFC revenue collected by Licensee for the past monthly period are due and payable to County with the Monthly Activity Report on or before twentieth (20th) day of each month and shall be deemed delinquent if not received by County on or before the twentieth (20th) day. In the event that County does not receive payment on the due date, Licensee shall pay interest thereon from the due date until the date that full payment is received ("payment date") at two percent (2.0%) per month or the maximum interest rate then allowed by law. County reserves the right to audit any monthly activity reports and payments based upon such reports. Acceptance of any payments hereunder shall not operate as a waiver of County's right to collect CFC revenue determined to be due and owing. County’s assessment of the late payment fee shall be in addition to any other remedies County may have in law or in equity, including termination and revocation of this Agreement and all rights and privileges granted therein. All CFC revenue shall be paid by check made payable to “Pitkin County” and delivered to the Aspen-Pitkin County Airport, 0000 X. Xxxxxxx Xxxx, Xxxxx X, Xxxxx, Xxxxxxxx, 00000, with a simultaneous copy to the Director of Aviation. All such CFC revenue payable by Licensee shall be in lawful money of the United States of America and in same day funds as of the due date.

Payment to County of CFC Revenue. All CFC revenue collected by Licensee for the past monthly period are due and payable to County with the Monthly Activity Report on or before twentieth (20th) day of each month and shall be deemed delinquent if not received by County on or before the twentieth (20th) day. In the event that County does not receive payment on the due date, Licensee shall pay interest thereon from the due date until the date that full payment is received ("payment date") at two percent (2.0%) per month or the maximum interest rate then allowed by law. County reserves the right to audit any monthly activity reports and payments based upon such reports. Acceptance of any payments hereunder shall not operate as a waiver of County's right to collect CFC revenue determined to be due and owing. County’s assessment of the late payment fee shall be in addition to any other remedies County may have in law or in equity, including termination and revocation of this Agreement and all rights and privileges granted therein. All CFC revenue shall be paid by check made payable to “Pitkin County” and delivered to the Office of the the Aspen-Pitkin County Airport, 0000 X. Xxxxxxx Xxxx, Xxxxx X, Xxxxx, Xxxxxxxx, 00000, with a simultaneous copy to the Director of Aviation. All such CFC revenue payable by Licensee shall be in lawful money of the United States of America and in same day funds as of the due date.

Payment to County of CFC Revenue. All CFC revenue collected by Licensee for the past monthly period are due and payable to County with the Monthly Activity Report on or before twentieth (20th) day of each month and shall be deemed delinquent if not received by County on or before the twentieth (20th) day. In the event that County does not receive payment on the due date, Licensee shall pay interest thereon from the due date until the date that full payment is received ("payment date") at two percent (2.0%) per month or the maximum interest rate then allowed by law. County reserves the right to audit any monthly activity reports and payments based upon such reports. Acceptance of any payments hereunder shall not operate as a waiver of County's right to collect CFC revenue determined to be due and owing. County’s assessment of the late payment fee shall be in addition to any other remedies County may have in law or in equity, including termination and revocation of this Agreement and all rights and privileges granted therein. All CFC revenue shall be paid by check made payable to “Pitkin County” and delivered to the Aspen-Pitkin County Airport, 0000 X. Xxxxxxx Xxxx, Xxxxx X, Xxxxx, Xxxxxxxx, 00000, with a simultaneous copy to the Director of Aviation. All such CFC revenue payable by Licensee shall be in lawful money of the United States of America and in same day funds as of the due date.