PFC Revenues definition

PFC Revenues means the revenue derived from PFC or other per-passenger charge hereafter established by or for the City in accordance with applicable law for use by the Airport System.

PFC Revenues means any passenger facility charges or similar taxes levied by or on behalf of the City pursuant to the federal Aviation Safety and Capacity Expansion Act of 1990, as from time to time amended, and any successor thereto, and all investment earnings on funds deposited in the PFC Fund.

PFC Revenues means all revenues received by the Authority from PFCs imposed by the Authority at Tampa International Airport pursuant to the PFC Act, the PFC Regulations and the PFC Approvals, including any interest earned thereon after such revenues have been remitted to the Authority as provided in the PFC Regulations.

Examples of PFC Revenues in a sentence

• The Airport Facilities Revenue Bonds are secured by a senior lien on and pledge of airport revenues, net of specified operating expenses, along with certain other revenues to the extent they are expressly pledged by the Authority (e.g. Available PFC Revenues).

• PFC Revenues shall continue to be deposited directly to the PFC Fund so long as any PFC Bonds remain Outstanding.

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

• The City agrees and covenants that all PFC Revenues, when and as received, will be received and held in trust by the City hereunder and will be credited or deposited as and when received in the PFC Fund, which fund shall be known as the "PFC Fund," and which fund the City hereby agrees and covenants to continue to maintain so long as any PFC Bonds are outstanding hereunder.

• For purpose of determining compliance with this requirement, the Authority may include Available PFC Revenues in an amount not to exceed One Hundred Twenty Five Percent (125%) of the amounts required to be deposited into the Interest Account, Principal Account and Redemption Account in the Sinking Fund for such year on the Outstanding PFC Bonds, or such lesser amount as may be required under the PFC Act, PFC Regulations and PFC Approvals as in effect from time to time.

More Definitions of PFC Revenues

PFC Revenues means amounts derived by the Issuer from the imposition of PFCs, exclusive of the amounts retained by the air carriers collecting the PFCs pursuant to Section 158.53 of the Federal Aviation Regulations (Title 14, Code of Federal Regulations, Part 158).

PFC Revenues means Passenger Facility Charges collected by City with respect to the Airport.

PFC Revenues means PFCs collected pursuant to the FAA’s PFC program and potentially available to KCAD as Airport Sponsor (as defined under federal law).

PFC Revenues means amounts derived by the Authority from the imposition of PFCs, exclusive of the amounts retained by the air carriers collecting the PFCs pursuant to Section 158.53 of the Federal Aviation Regulations (Title 14, Code of Federal Regulations, Part 158), as amended from time to time or any successor provision thereto.

PFC Revenues means amounts held under any trust agreement or similar agreement pursuant to which any obligations under which any bonds, notes or other obligations that are payable from PFCs are issued and revenues derived from the collection of PFCs and income earned from the investment thereof.

PFC Revenues means PFCs paid to the City as a result of enplanements at the. Airport, together with investment earnings thereon. “Pledged PFC revenues” means the PFC revenues, subject to the following limitation: at no time shall the amount of PFC revenues pledged to the 1998B Bond (as hereinafter defined) and the 2001A Bond (as hereinafter defined) in any year exceed the lesser of (a) seventy percent of the amount of all PFCs actually paid to the City in that year, or (b) seventy-five percent of total debt service. on such series of Airport Revenue Bonds in that year.

PFC Revenues means all revenue earned by the City from time to time from Passenger Facility Charges, including any investment income with respect thereto including proceeds thereof and gains and losses from sales of investments after such revenue has been remitted to the City as provided in the PFC Regulations, all of which are pledged to the Series 2001 Bonds.