Minimum Revenue Guarantee definition

Minimum Revenue Guarantee means the amount of money guaranteed by a municipality or county to be earned by an airline providing scheduled air services to and from that municipality or county, which is the difference between the minimum flight charge revenue specified in the contract between the municipality or county and the airline and the amount of actual flight charge revenue received by the airline that is less than that contractual amount.
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Minimum Revenue Guarantee means an air service incentive in the form of a contractual obligation under which LAA guarantees that an airline will generate a specified amount of revenue from sales associated with new or expanded regularly scheduled commercial passenger air service at the Airport and if the airline does not meet the target revenue, LAA will make a cash payment to the airline for the shortfall. “MRG Contract” shall mean a contract between LAA and an airline providing for a Minimum Revenue Guarantee.
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Minimum Revenue Guarantee or “MRG” means an annual Gross Revenue guarantee provided by Bauer to MRG Stations as set out in paragraph 4;
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Examples of Minimum Revenue Guarantee in a sentence

  • You will still be responsible for meeting the applicable Minimum Revenue Guarantee if your function location is changed or increased function space charges are incurred.

  • The Minimum Revenue Guarantee (“MRG”) is a scheme for the relevant government authority to bear the market risk to a certain limit if the amount of the operating income fails to meet the estimated operating income of the original concession agreement during a particular operating period.

  • The Minimum Revenue Guarantee listed on page 2 does not include service charges, tax, labor charges or other miscellaneous charges, unless otherwise indicated.

  • Upon approval of the MRG Contract, the CAO shall forward it to the County Budget and Fiscal Officer who shall, out of the funds deposited in the segregated account referenced in Paragraph 3 above, obligate an amount equal to the amount of the Minimum Revenue Guarantee set forth in the MRG Contract.

  • Should Clients revenues appear to be dropping below the Minimum Revenue Guarantee listed on page 2 of this agreement Client agrees to pay the dollar for dollar difference between this guarantee and the actualized program revenue.

  • The Minimum Revenue Guarantee shall be payable by AOL to Tl for each of the Tl Sites on a monthly basis, in equal installments, based on the annual Minimum Revenue Guarantee for each Tl Site (as set forth in Exhibit B-2) on the 1st day of each applicable month during the Term.

  • Interlocal Agreement for Minimum Revenue GuaranteeLancaster County and the City of Lincoln each pledged $1.5 million of their American Rescue Plan Act (ARPA) funds for a total of $3 million to an Interlocal agreement with the Lincoln Airport Authority to be used as a Minimum Revenue Guarantee (MRG) for the purpose of developing/encouraging new or expanded regularly scheduled passenger air service.

  • For the avoidance of doubt, despite any such delay, following the 5G ATG Network Launch Date, the Post-5G Pricing Terms shall apply, and the applicable Annual Minimum Revenue Guarantee amount for each year shall be the amount determined as provided above ([***] for the first year following the 5G ATG Network Launch Date, [***] for the second year, then increasing by [***] for each year of the Term thereafter).

  • The Annual Minimum Revenue Guarantee shall be adjusted pro-rata for any partial year (see example of pro-rated payments in Schedule 2).

  • She reported that JH AIR is working with American Airlines to renew the Minimum Revenue Guarantee (MRG) for air service to Dallas/Fort Worth between December 15, 2023, and March 31, 2024.


More Definitions of Minimum Revenue Guarantee

Minimum Revenue Guarantee as used in this Agreement means, subject to adjustment as provided below, * * * * $16.5 million for the * * * * Tracking Period. The dollar amounts of the Minimum Revenue Guarantee stated in the preceding sentence are based on assumptions that ATMs will be operated by Licensee in at least * * * * Stores for * * * * during the * * * * Tracking Period. Excluding in each of the following cases ATMs in Community Market Stores, to the extent, if any, that the number of ATM months in any of the Tracking Periods is less than the assumed number, the amount of the Minimum Revenue Guarantee for that Tracking Period will be proportionately reduced and to the extent, if any, that the number of ATM months in any of the Tracking Periods is greater than the assumed number, the amount of the Minimum Revenue Guarantee for that Tracking Period will be proportionately increased. For the purposes of this paragraph, the * * * * related to the * * * * Tracking Period will not be adjusted.
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Minimum Revenue Guarantee has the meaning given in Section 3.2.
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Minimum Revenue Guarantee means USD $19,000,000 in respect of each year during the Minimum Revenue Guarantee Period.
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Minimum Revenue Guarantee means the amount that GoS undertakes to provide according to the MRG Agreement for meeting the Excess Delta which will be shared equally between GoS and the Concessionaire; New IA List shall have the meaning ascribed thereto in Section 6.2.3; New IE List shall have the meaning ascribed thereto in Section 5.2.3; New O&M Performance Security shall have the meaning ascribed to it in Section 11.3.8; New Operational Year shall have the meaning ascribed to it in Section 11.3.8; NHA Standards means the relevant standards adopted by ‘National Highway Authority’; Non Political Event shall bear the meaning ascribed thereto in Section 21.1.1(b); Non Political Event Termination Amounts shall have the meaning ascribed thereto in Notice, Notify, Notification and its grammatical variations means as notified in writing; Notice of Remedy shall have the meaning ascribed thereto in Section 18.2.1; O&M Costs means the operations and maintenance expenses, as set out in the Financial Model and as adjusted from time to time for inflation in accordance with the Financial Model and in accordance with the terms of the O&M Contract; O&M Contract means the contract entered into or that may be entered into by the Concessionaire in accordance with this Agreement for the provision of the Operation and Maintenance in accordance with O&M Requirements and the O&M Manual; O&M Contractor means the Person of good repute with whom the Concessionaire has entered into or may enter into the O&M Contract; O&M Documents means all such reports, records, surveys, plans, analyses, calculations, manuals, operating procedures, guides and manuals, updated ‘as built’ drawings and documentation of any nature prepared, updated and submitted by the Concessionaire in connection with the Operations and Maintenance to the GoS, the Independent Engineer and/or the Independent Auditor pursuant to the Applicable Standards and pursuant to any requests made in accordance with the Applicable Standards by the GoS, the Independent Engineer and or the Independent Auditor from time to time; O&M Inspection Report has the meaning ascribed thereto in Section 19.22.2; O&M Monthly Status Report shall have the meaning ascribed thereto in Section 19.21.1; O&M Performance Security means a first demand irrevocable and unconditional guarantee, issued by a scheduled bank in Pakistan (with a minimum credit rating of at least O&M Programme shall have the meaning ascribed thereto in Section 19.8.2; O&M Requirements means the relevant s...
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Minimum Revenue Guarantee or “MRG” has the meaning set forth in Section 6.2.1.
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Minimum Revenue Guarantee set forth in Exhibit A of the Existing Agreement is hereby deleted in its entirety.
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Related to Minimum Revenue Guarantee

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries, excluding amortization of debt discounts and deferred financing costs.