Common use of Tax Exempt Status of the Aviation Authority’s Revenue Bonds Clause in Contracts

Tax Exempt Status of the Aviation Authority’s Revenue Bonds. Company agrees to comply promptly with any applicable provisions of any federal tax statute, and all regulations or other binding authority promulgated or decided thereunder, as required to permit the Aviation Authority's capital expansion projects to be planned and constructed by the Aviation Authority with revenue bonds the interest on which is generally exempt from federal income taxation, other than any applicable individual or corporate alternative minimum taxes (and other than during any period while such revenue bonds are held by a "substantial user" of the projects financed by such revenue bonds or a "related person" to a "substantial user"), including, without limitation, the execution by Company and delivery to the Aviation Authority on the date of execution of this Agreement of an election not to claim depreciation or any investment credit with respect to any portion of such capital expansion projects or any other portion of the Airport System in the Tax Election Form, attached hereto as Exhibit “G.” Such exhibit shall be deemed to be a part of this Agreement and shall be binding upon Company, its successors and assigns. EXHIBIT “A” Premises EXHIBIT “B” Food and Beverage Menu EXHIBIT “C” Revenue Report‌ Greater Orlando Aviation Authority Report for (Month, Year): Company Name: Address: MONTHLY GROSS RECEIPTS: Food and Beverage Sales:

Appears in 3 contracts

Samples: Concession Agreement, STC Food and Beverage, STC Quick Service Food and Beverage Concession Agreement

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Tax Exempt Status of the Aviation Authority’s Revenue Bonds. Company agrees to comply promptly with any applicable provisions of any federal tax statute, and all regulations or other binding authority promulgated or decided thereunder, as required to permit the Aviation Authority's capital expansion projects to be planned and constructed by the Aviation Authority with revenue bonds the interest on which is generally exempt from federal income taxation, other than any applicable individual or corporate alternative minimum taxes (and other than during any period while such revenue bonds are held by a "substantial user" of the projects financed by such revenue bonds or a "related person" to a "substantial user"), including, without limitation, the execution by Company and delivery to the Aviation Authority on the date of execution of this Agreement of an election not to claim depreciation or any investment credit with respect to any portion of such capital expansion projects or any other portion of the Airport System in the Tax Election Form, attached hereto as Exhibit “G.F.” Such exhibit shall be deemed to be a part of this Agreement and shall be binding upon Company, its successors and assigns. EXHIBIT “A” Premises PREMISES Airside 1 Airside 1 Airside 2 Airside 2 Airside 3 Airside 4 Airside 4 Airside 4 EXHIBIT “B” Food and Beverage Menu AUTOMATED RETAIL MERCHANDISE LIST EXHIBIT “C” Revenue Report‌ REVENUE REPORT Greater Orlando Aviation Authority Report for (Month, Year): Company Name: Address: MONTHLY GROSS RECEIPTS: Food and Beverage SalesAll Merchandise:

Appears in 1 contract

Samples: Automated Retail Concession Agreement

Tax Exempt Status of the Aviation Authority’s Revenue Bonds. Company agrees to comply promptly with any applicable provisions of any federal tax statute, and all regulations or other binding authority promulgated or decided thereunder, as required to permit the Aviation Authority's capital expansion projects to be planned and constructed construct­ed by the Aviation Authority with revenue bonds the interest on which is generally exempt from federal income taxation, other than any applicable individual or corporate alternative minimum taxes (and other than during any period while such revenue bonds are held by a "substantial user" of the projects financed by such revenue bonds or a "related person" to a "substantial user"), including, without limitation, the execution by Company and delivery to the Aviation Authority on the date of execution of this Agreement of an election not to claim depreciation or any investment credit with respect to any portion of such capital expansion projects or any other portion of the Airport System in the Tax Election Form, attached hereto as Exhibit “G.” Such exhibit shall be deemed to be a part of this Agreement and shall be binding upon Company, its successors and assigns. EXHIBIT “A” Premises PREMISES EXHIBIT “B” Food and Beverage Menu EXHIBIT “C” Revenue Report‌ Greater Orlando Aviation Authority Report for (Month, Year): Company Name: Address: MONTHLY GROSS RECEIPTS: Food and Beverage SalesPASSENGER LOUNGE SERVICES AND PRICES LIST **TO BE AMENDED PRIOR TO EXECUTION TO INCORPORATE PRICES AND ANY ADDITIONAL SERVICES** PRICES:

Appears in 1 contract

Samples: Concession Agreement

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Tax Exempt Status of the Aviation Authority’s Revenue Bonds. Company agrees to comply promptly with any applicable provisions of any federal tax statute, and all regulations or other binding authority promulgated or decided thereunder, as required to permit the Aviation Authority's capital expansion projects to be planned and constructed by the Aviation Authority with revenue bonds the interest on which is generally exempt from federal income taxation, other than any applicable individual or corporate alternative minimum taxes (and other than during any period while such revenue bonds are held by a "substantial user" of the projects financed by such revenue bonds or a "related person" to a "substantial user"), including, without limitation, the execution by Company and delivery to the Aviation Authority on the date of execution of this Agreement of an election not to claim depreciation or any investment credit with respect to any portion of such capital expansion projects or any other portion of the Airport System in the Tax Election Form, attached hereto as Exhibit “G.” Such exhibit shall be deemed to be a part of this Agreement and shall be binding upon Company, its successors and assigns. EXHIBIT “A” Premises EXHIBIT “B” Food and Beverage Menu EXHIBIT “C” Revenue Report‌ Report Greater Orlando Aviation Authority Report for (Month, Year): Company Name: Address: MONTHLY GROSS RECEIPTS: Food and Beverage Sales:

Appears in 1 contract

Samples: Package 3 Concession Agreement

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