Shared Use Premises definition

Shared Use Premises means those areas described in “Exhibit E”, attached hereto and by this reference made a part hereof, including but not limited to outbound bag makeup areas and the areas staffed by TSA within any baggage screening area before, baggage is routed to a baggage make-up carousel, for which Authority assesses charges based on the Shared Use Formula.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Shared Use Premises means space, improvements and facilities at the Airport to be used jointly or in common by air carriers, excluding County-Controlled Airline Space and FIS Facilities.

Shared Use Premises means those areas used by one or more Passenger Carriers and described in Exhibit E as of the Effective Date, including but not limited to baggage make up areas and baggage screening areas, as such areas may be modified and expanded from time to time by Authority.

Examples of Shared Use Premises in a sentence

All damage or injury done to Shared Use Premises, Joint Use Premises or Common Use Premises, by Airline, or Airline's contractor’s employees, and/or agents, shall be paid for by Airline.
The pro-rata share of rentals allocated to Airline shall be determined for July 1 and January 1 of each Fiscal Year, based on projected Enplaned Passengers for the upcoming or current Fiscal Year, respectively, using the Shared Use Formula, defined as: Each Airline’s Enplaned Passengers as a percentage of the total Enplaned Passengers of all Airlines using the Shared Use Premises unless an alternative arrangement is mutually agreed to by Authority and Airline.
RS, the total monthly rent payable for the Shared Use Premises for all airlines using the Shared Use Premises for each month, shall be the calculated as follows: RM is the annual Terminal Rental Rate calculated as per the provisions described in “Exhibit I” of this Agreement.
However, Airline shall not perform maintenance and/or repairs in the Joint Use Premises, Shared Use Premises or Common Use Premises, except as it is obligated to under this Agreement.
For the Shared Use Premises set forth in “Exhibit E”, Airline will pay to Authority, on an equal monthly installment basis, a pro-rata share of the rentals in the amount of the Terminal Rental Rate, calculated as described in “Exhibit I” of this Agreement, multiplied by the square footage of the Shared Use Premises shown on “Exhibit E”.
EPT is the number of total by all Airlines using the Shared Use Premises during the calculation period.
The Shared Use Formula, where RB is Airline's monthly rent payable for the Shared Use Premises.
Unless expressly provided otherwise in this exhibit, all provisions of the Lease applicable to the Exclusive Use Premises shall also apply to the Shared Use Premises.
Lessee shall not inscribe, post, place, or in any manner display any sign, notice, picture, poster, or advertising matter whatsoever in the Shared Use Premises or on the exterior of the Premises or portions of the Premises visible to the general public anywhere in or about the Premises, without the Superintendent’s prior written consent.
Rent for Shared Use Premises: $11.00 per square foot per year, both as particularly described in Section 4.

More Definitions of Shared Use Premises

Shared Use Premises means an area assigned on a Preferential Use basis to two (2) or more Signatory Airlines for use in common by those Signatory Airlines as so described in the Premises Notice.‌

Shared Use Premises means those Preferential Use Premises which AIRLINE leases and uses on a shared use basis with other Signatory Airlines, as depicted on Exhibit B, for which all Signatory Airlines under such leasehold an equal priority right of use over others.