Recapture of Preferential Use Gates Sample Clauses

Recapture of Preferential Use Gates. ‌ (1) If at any time during the Term Airline fails to meet the Minimum Gate Utilization Standard as calculated over the immediately preceding twelve (12) month period, City may issue an Initial Recapture Notice to Airline. City shall have no obligation to issue such notice unless City intends to undertake a project under Section 11.02.A(8).‌ (2) Ninety (90) days from issuance of the Initial Recapture Notice, Airline must demonstrate to City that its currently Scheduled Operations on that ninetieth (90th) day for the next ninety (90) days meet the Minimum Gate Utilization Standard or City may recapture Airline’s Preferential Use Gates as provided in Sections 5.03.C(4)-(9).‌ (3) If Airline demonstrates that it meets the Minimum Gate Utilization Standard under Section 5.03.C(2) above, Airline must demonstrate through actual operations that it continues to meet the Minimum Gate Utilization Standard over each of the following periods of time or City may recapture Airline’s Preferential Use Gates as provided in Sections 5.03.C(4)-(9) below: (a) Between ninety (90) days and one hundred eighty (180) days from issuance of the Initial Recapture Notice. (b) Between ninety (90) days and two hundred seventy (270) days from issuance of the Initial Recapture Notice. (c) Between ninety (90) days and three hundred sixty (360) days from issuance of the Initial Recapture Notice. (d) Between ninety (90) days and four hundred fifty (450) days from issuance of the Initial Recapture Notice. (4) If Airline has not cured its utilization deficiency as specified in Sections 5.03.C(2) and (3) above, City may issue to Airline a Final Recapture Notice identifying the Gate(s) that City proposes to recapture in order to bring Airline into compliance with the Minimum Gate Utilization Standard. City shall have no obligation to issue such notice unless City intends to undertake a project under Section 11.02.A(8). The Preferential Use Gates so recaptured will be that number of Gates needed to allow Airline to meet the Minimum Gate Utilization Standard for ninety (90) consecutive days from the date of recapture specified in 5.03.C(6) below based on the data then available to City.‌ (5) In the case of City’s recapture of less than all of the Preferential Use Gates in Airline’s Premises, City shall provide Airline with an opportunity to change the designation of Preferential Use Gate(s) to be recaptured; provided, however, that Airline shall designate Gate(s) that (i) are located adjacent to Do...
AutoNDA by SimpleDocs

Related to Recapture of Preferential Use Gates

  • Sublease Limitation For so long as Landlord or any Affiliated Person as to Landlord shall seek to qualify as a real estate investment trust, anything contained in this Agreement to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by any sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of such sublessee, or (b) any other formula such that any portion of such sublease rental would fail to qualify as "rents from real property" within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

  • Fundamental Lease Provisions The provisions in this Article shall be referred to in this Lease as the "Fundamental Lease Provisions."

  • Right to Refuse Unsafe Work Employees have the right to refuse to perform unsafe work pursuant to the Occupational Health and Safety Regulations of the Workers Compensation Act.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

  • Unconditional Right of Holders to Receive Principal, Premium and Interest Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

  • Expense Limitations In the event the operating expenses of the Fund, ------------------- including amounts payable to the Investment Adviser pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser shall reduce its management and investment advisory fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund in the amount of such excess; provided, however, to the extent permitted by law, -------- ------- there shall be excluded from such expenses the amount of any interest, taxes, distribution fees, brokerage fees and commissions and extraordinary expenses (including but not limited to legal claims and liabilities and litigation costs and any indemnification related thereto) paid or payable by the Fund. Whenever the expenses of the Fund exceed a pro rata portion of the applicable annual expense limitations, the estimated amount of reimbursement under such limitations shall be applicable as an offset against the monthly payment of the fee due to the Investment Adviser. Should two or more such expense limitations be applicable as at the end of the last business day of the month, that expense limitation which results in the largest reduction in the Investment Adviser's fee shall be applicable.

  • Noise Abatement Contractor shall operate, conduct, or construct without violating the City’s Noise Abatement Ordinance codified in the SDMC.

  • Right to Refuse Dangerous Work An employee shall have the right to refuse to work in dangerous situations.

  • Undue Burden and Fundamental Alteration For any technology-related requirement in this Agreement for which the Recipient asserts an undue burden or fundamental alteration defense, such assertion may only be made by the Superintendent or by an individual designated by the Superintendent and who has budgetary authority after considering all resources available for use in the funding and operation of the service, program, or activity, and must be accompanied by a written statement of the reasons for reaching that conclusion, including the cost of meeting the requirement and the available funding and other resources. The written statement will be certified by the determining official. If such a determination is made, the certifying official will describe in the written statement how it will provide equally effective alternate access, i.e., other action that would not result in such an alteration or such burdens but would nevertheless ensure that, to the maximum extent possible, individuals with disabilities receive the same benefits or services provided by the Recipient as their nondisabled peers.

  • Waiver of Liquidation Distributions; Redemption Rights In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Shares in the IPO or in the aftermarket, any additional Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!