Airport Assets definition

Airport Assets has the meaning set out in Section 7.1(o);
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Airport Assets shall be the movable and immovable assets over a defined period of time;
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Airport Assets means any assets of the Crown or the Council (whether held jointly or severally) that are held or used for the purposes of, or in relation to, the 5 airport or that are held for future use for the purposes of the airport; but does not include-
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Examples of Airport Assets in a sentence

  • The Concessionaire shall assign to the Contracting Authority all the unexpired guarantee rights and all the guarantee rights of its subcontractors and suppliers relating to the Airport Services or the Airport Assets.

  • No later than thirty (30) days prior to the Handback Date, the Concessionaire and the Contracting Authority shall, together with the Handback Engineer, conduct a joint inspection of the Site and the Airport Assets (“Handback Inspection”).

  • At the time of such transfer, and as of the Handback Date, the Site and the Airport Assets shall satisfy the Handback Conditions.

  • On the Handback Date, the Concessionaire shall deliver and transfer the rights to the Site and the Airport Assets to the Contracting Authority.

  • The updating of the list shall be performed at least once a year and the CONCESSIONAIRE shall present to the GRANTOR OF CONCESSION the updated list of Airport Assets that shall contain description of their actual state together with the reports under art.

  • Further, the Parties acknowledge and agree that, as of the Amendment and Restatement Effective Date, none of the Airport Assets are security for any Bonds of the City.

  • Any change in the Airport Assets representing creation of new or removal of existing assets shall be recorded in this list.

  • Any funds generated from the sale of Personal Property shall be reinvested in Airport Assets or otherwise used for lawful Airport purposes.

  • The right to use and possess the Airport Assets representing the object of concession included the right of the CONCESSIONAIRE to perform the actions necessary for exploitation of the Airport as well as its management and exploitation for the Term of Concession.

  • Upon termination of this Agreement, the City shall be entitled to take full possession of the Leased Premises and all other Airport Assets that are not then subject to the rights of each sublessee and licensee of the Authority and of each holder with respect to their sublet or licensed premises and shall assume sole responsibility for the administration, management, maintenance, regulation, operation and use of the Airport.


More Definitions of Airport Assets

Airport Assets means the Leased Premises, the Personal Property, and other all tangible or intangible personal property and all other personal property of every kind or nature, tangible or intangible, currently owned by or in the possession of the Authority or hereafter acquired by the Authority in connection with, or for the purpose of, administration, maintenance, management, regulation, operation, improvement, development or use of the Airport, including but not limited to, land or interests in land acquired by the Authority by purchase or lease in its own name from persons other than the City for protection of the surrounding airspace in accordance with FAA regulations, cash, equipment, accounts receivable, and contract rights.
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Airport Assets means any assets of the Crown, the Auckland Regional Authority or any constituent authority or constituent authorities, (whether held jointly or severally) that are held or used for the
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Airport Assets means the personal property/tangible assets of the Authority and its Subcontractors used in connection with operation, maintenance and management of the Airport.
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Related to Airport Assets

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Airport lounge means a business location:

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Subject Assets is defined in Section 2.2(c).