Airport Revenues definition

Airport Revenues means, all gross income and revenue derived from the ownership or operation of the Airport System, including all rents, fees and charges received for the use of the Airport System, all investment income and all proceeds of insurance covering business interruption loss relating to the Airport System and all other income and revenue howsoever derived from the ownership or operation of the Airport System or arising from the Airport System, but excluding (i) any gifts, grants or other amounts the use of which is restricted by the donor or grantor or by law or regulation, and (ii) the proceeds of any financing or securities offering, and (iii) PFC Revenues.
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Airport Revenues means Project Revenues as set forth in the Bond Ordinance.
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Airport Revenues means all fees, rents, tariffs, revenues and any other type of charge for use of or in connection with the LMM Airport Facility to the fullest extent permitted by Section 10(c) of the Act, but excluding any Government Grants-In-Aid and PFC revenues.
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Examples of Airport Revenues in a sentence

  • The policy implements several Grant Assurances, including Grant Assurance 5, Preserving Rights and Powers; Grant Assurance 22, Economic Nondiscrimination; Grant Assurance 24, Fee and Rental Structure; and Grant Assurance 25, Airport Revenues.

  • The Bonds are special obligations of the City and are payable, as to the principal thereof, interest thereon and any premiums upon the redemption of any thereof, from General Airport Revenues (which are more particularly defined in the Master Trust Agreement).

  • All of the Bonds are equally secured by a pledge of, and charge and lien upon, all of the General Airport Revenues, and the General Airport Revenues constitute a trust fund for the security and payment of the interest on and principal of the Bonds; but nevertheless out of General Airport Revenues certain amounts may be applied for other purposes as provided in the Master Trust Agreement.

  • Additional series of Bonds payable from the General Airport Revenues have been issued and may be issued if the future on a parity with the Bonds of this series, but only subject to the conditions and limitations contained in the Master Trust Agreement.

  • Airport Revenues shall have the same definition as contained in Section II(B) of the FAA’s Policy and Procedures Concerning the Use of Airport Revenues, 64 Fed.Reg.

  • Reference is hereby made to the Master Trust Agreement and to the Law for a description of the terms on which the Bonds are issued, the provisions with regard to the nature and extent of the General Airport Revenues, as that term is defined in the Master Trust Agreement, the rights thereunder of the Owners of the Bonds, the rights, duties and immunities of the Trustee, and the rights and obligations of the City thereunder.

  • The holder hereof shall not have the right to demand payment of this obligation from any sources or properties of the City except the General Airport Revenues held in the Subordinated Debt Account of the Surplus Revenue Fund including the earnings on such General Airport Revenues.

  • The current collection of General Airport Revenues and the management of the Enterprise and the accounting and recordkeeping therefor are in material compliance with all applicable state and federal laws and all applicable resolutions, ordinances and rules of the City.

  • Such Airport Revenues will be accounted for through and held in trust in the Revenue Fund, and the City shall only have such beneficial right or interest in such money as provided herein.

  • The City has no material contingent liabilities or other material contracts or commitments payable from General Airport Revenues which are not reflected in such financial statements previously delivered to the Bank or in the notes thereto.


More Definitions of Airport Revenues

Airport Revenues means Project Revenues as specifically defined in the Bond Ordinance.
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Airport Revenues means (a) all rentals, charges, landing fees, use charges and concession revenues now or hereafter received by or on behalf of the City in its proprietary capacity as the owner of the Airport System in connection with the operation, improvement and enlargement of the Airport System, or any part thereof; (b) subject to the provisions of the Trust Indenture, all income or revenues resulting from the investment of any of the Special Funds; and
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Airport Revenues means Airport fees and payments related to the Airport as defined under art. 31.
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Airport Revenues means income accrued or received by XXXX in accordance with generally accepted accounting principles, and as set forth in the Bond Indenture, from the ownership or operation of the Airport System, or any part thereof, or the leasing or use thereof;
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Airport Revenues means: (a) all rentals, charges, landing fees, use charges and
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Airport Revenues means: (a) all rentals, charges, landing fees, use charges and concession revenue now or hereafter received by or on behalf of City in its proprietary capacity as the owner of the Airport System in connection with the operation, improvement and enlargement of the Airport System, or any part thereof; (b) subject to the provisions of the Indenture, all income or revenues resulting from the investment of any of the Special Funds; and (c) all gifts, grants, reimbursements or payments received from governmental units or public agencies for the benefit of the Airport System which are (i) not restricted in application to a special purpose and (ii) otherwise lawfully available for the payment of charges with respect to the Revenue Bonds. Airport Revenues shall not include any revenue or income from any Special Facility to the extent such revenue or income is pledged to pay principal, interest or any other charges for Special Revenue Bonds or other obligations issued in anticipation thereof, or to the extent such revenue or income is for the use of City in reimbursement of costs incurred by it in the construction or provision of Special Facilities.
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Related to Airport Revenues

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • Net Revenues means revenues less related expenses, including

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Project Revenue means all rents, fees, sales, and payments

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Tourism destination project means a qualified non-gaming business facility that will be among the most visited privately owned or operated tourism or recreation sites in the State, and which is located within the qualified incentive area and has been determined by the authority to be in an area appropriate for development and in need of economic development incentive assistance, including a non-gaming business within an established Tourism District with a significant impact on the economic viability of that District.