Examples of FAA in a sentence
Further, in the event the FAA requires sale proceeds of a party’s existing airport facilities and assets be reinvested in the SCRAA, the sale proceeds of each respective existing airport facilities and assets shall be applied only to each party’s respective financial percentages and commitments as identified in Article VI Section 6 and Article VII Section 4.
Further, and also subject to the FAA, all proceeds from the sale or disposition of property, no matter the origin of such property, shall be the property of the SCRAA.
This letter of agreement is supplemental to vZDV Facility Policy and FAA Order JO 7110.
Notwithstanding the above, the Cities of Pella and Oskaloosa both acknowledge and agree that the FAA may require, in its absolute and sole discretion, that the sale proceeds of either one, both, or neither of the cities’ existing airport facilities and assets be reinvested in the SCRAA.
Subject to the approval of the FAA, the SCRAA may dispose of any of its property and shall do so in the same manner as a city.