Examples of Original Closing in a sentence
The Lessee shall develop an Operations Plan in accordance with the Operating Standards and, within 180 days after the Original Closing, shall submit such Operations Plan to the Authority and the Signatory Airlines for approval by the Authority and an Airline MII.
Upon the Original Closing, the Lessee deposited $6,000,000 into a separate escrow account to be called the Puerto Rico Air Travel Promotion and Support Fund (the “Fund”), with a bank or other escrow holder mutually acceptable to the Parties.
The Parking Rates for Signatory Airlines for the First Partial Term Year, if any, and each of the first five Full Term Years shall equal the aircraft parking rates in effect at the Airport as of the Original Closing.
The Lessee shall not be responsible or otherwise liable for the payment or reimbursement of any costs or expenses incurred by the Authority with respect to any Initial Capital Project prior to the Original Closing.
The term of this Agreement (the “Term”) shall commence on the Effective Date and expire on the 15th anniversary of the Original Closing, except as the Term may be extended or earlier terminated in accordance with the terms hereof.