FAA Grant Assurances definition

FAA Grant Assurances means certain obligations with respect to the maintenance and operation of the Airport facilities required by the FAA in connection with any FAA-administered airport financial assistance programs.
Sample 1Sample 2
FAA Grant Assurances means certain obligations with respect to the maintenance and operation of the Airport facilities required by the FAA in connection with any FAA- administered airport financial assistance programs.
Sample 1Sample 2

Examples of FAA Grant Assurances in a sentence

  • No person may be granted in fact or by written instrument any exclusive right in violation of the FAA Grant Assurances applicable to the Airport.

  • For the avoidance of doubt, the term “Applicable Laws” includes FAA Grant Assurances, TSA-issued requirements, PFC assurances and decisions and the Airport Operating Certificate, but excludes the Applicable Standards.

  • In accordance with FAA Grant Assurances and following the FAA’s Airport Privatization Pilot Program, the Contractor shall investigate the options available to NYSDOT for potential privatization of the Airport.

  • In accordance with FAA Grant Assurances the Airport will permit, to the maximum extent practicable, intercity buses or other modes of transportation to have access to the airport; however, the Airport shall have no obligation to fund special facilities for intercity buses or for other modes of transportation.

  • As a recipient of FAA Airport Improvement Program grants, the sponsor is obligated to comply with FAA Grant Assurances and other federal obligations.

  • In the event that any provision of this Agreement is determined to violate any local, state, or federal rule or regulation, or is deemed to cause a violation of any FAA Grant Assurances, the Agreement shall be modified upon consultation with Operator to cause such violation to be compliant with such provision and an amendment will be executed on a timely basis to incorporate the required changes.

  • In General.The Airport is a designated enterprise and shall, in accordance with Federal Aviation Administration (FAA) Grant Assurances, seek financial self-sustainment.

  • It is the desire of the City of Galveston to treat all lessees fairly and consistently, while ensuring the Airport remains self-sufficient and in compliance with FAA Grant Assurances.

  • This policy also seeks to maximize the aeronautical use of the city-owned hangars as is required by the FAA Grant Assurances, inter alia Assurance 24 and also partially anticipates FAA rulemaking that is currently underway to set a unified policy on the use of airport hangars Circumstances will arise in the normal management of hangar assignments that are not addressed in this Policy.

  • Per FAA Grant Assurances 22 and 23, the City has the proprietary exclusive right to provide fuel on the airfield, and the City controls and administers the fuel pricing and fuel discount program.

Related to FAA Grant Assurances

  • Performance Assurance means collateral in the form of cash or letters of credit, or other security acceptable to the requesting Party.

  • Other Stock Award Agreement means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Uniform Grant Management Standards or “UGMS” means uniform grant and contract administration procedures, developed under the authority of Chapter 783 of the Texas

  • Further Competition Award Criteria means the award criteria set out in Part 2 of Framework Schedule 6 (Award Criteria);

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • System for Award Management (XXX) means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at xxxx://xxx.xxx.gov.

  • Stock Rights means all dividends, instruments or other distributions and any other right or property which the Grantors shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Equity Interest constituting Collateral, any right to receive an Equity Interest and any right to receive earnings, in which the Grantors now have or hereafter acquire any right, issued by an issuer of such Equity Interest.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Performance Standards or “PS” shall mean the cleanup levels and other measures of achievement of the remedial action objectives, as set forth in the ROD.

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

  • Contract Award Notice means the official notification substantiated by the Notice to Proceed issued by the City Purchasing Agent to the Contractor.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Awards means Options, RSUs and PSUs granted to a Participant pursuant to the terms of the Plan;

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Notice of Award of Contract / „Letter of Award‟ shall mean the official notice issued by the Owner notifying the Contractor that his bid has been accepted.

  • Direct Award Criteria means the award criteria to be applied for the award of Call-Off Contracts for Standard Services set out in Part 1 of Schedule 6 (Award Criteria) of this Framework Agreement;

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.