Agreement Year definition
Examples of Agreement Year in a sentence
This fee shall be adjusted by the County at the commencement of the second Agreement Year, and at the commencement of each succeeding Agreement Year based upon a fixed percentage adjustment of 3.0%.
If Licensee allows dust or debris to be generated or accumulated in the Operating Area to the extent they may be blown about within the Operating Area or blown from the Operating Area to other parts of the Airport, Licensee shall pay to the County $50 in the first instance in an Agreement Year, $150 in the second instance, and $500 in each instance thereafter in the same Agreement Year.
Although each new MAG will be effective as of the first day of each Agreement Year the County will not finalize calculation of the new MAG until sometime thereafter.
Within ninety (90) calendar days after the end of each Agreement Year, Licensee shall, at its sole expense, shall prepare and deliver to the County an Annual Statement of Gross Revenue including a calculation of its License Fee ("Annual Statement").
When monthly deplaning passengers rise to a level at or above eighty-five percent (85%) of passenger deplanements for the corresponding month of the previous Agreement Year, Licensee’s full MAG shall be reinstated.