Per-Passenger Credit Sample Clauses

Per-Passenger Credit. For Fiscal Year 2018 (from and after October 1, 2017) and for each of Fiscal Years 2019 through 2021, City shall calculate the Per-Passenger Credit to be given to all Passenger Carriers that are Signatory Airlines by multiplying sixty cents ($.60) by the total Enplaned Passengers carried by all of the Passenger Carriers that are Signatory Airlines and their Affiliates. For each of Fiscal Years 2022 through 2027, City shall calculate the Per-Passenger Credit to be given to all Passenger Carriers that are Signatory Airlines by multiplying forty cents ($.40) by the total Enplaned Passengers carried by all of the Passenger Carriers that are Signatory Airlines and their Affiliates. For Fiscal Years 2028 and following during the Term, there shall be no Per-Passenger Credit. The monthly Per-Passenger Credit shall be based on the estimated Enplaned Passengers for that Fiscal Year for each Passenger Carrier that is a Signatory Airline and its Affiliates. During each Fiscal Quarter, City will calculate the actual Enplaned Passengers for the Signatory Airlines and their Affiliates for the preceding Fiscal Quarter. City will credit or debit any difference from budgeted to actual Per-Passenger Credits to Airline in the final month of the current Fiscal Quarter.
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Related to Per-Passenger Credit

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