Terminal Rentals definition
Examples of Terminal Rentals in a sentence
The Airline's Terminal Rentals for Exclusive, Preferential, and Joint Use Premises in each Rate Period shall be determined as the sum of the products obtained by multiplying the appropriate differential Terminal Sub-Center rental rate for the Rate Period, calculated in accordance with Paragraph 8.03.1, by the amount of the corresponding type of space leased by the Airline in each Terminal Sub-Center at each Airport as Exclusive, Preferential, and Joint Use Premises.
Said Terminal Rentals for each Rate Period shall be payable in equal monthly installments.
During the term hereof, Landing Fees and Terminal Rentals will be established annually for the ensuing one year period.
Adjustments to Terminal Rentals, Ramp Premises Rate, and Landing Fee Rates shall apply without the necessity of formal amendment of this Agreement.
If the calculation of the Terminal Rentals, Ramp Premises Rate or Landing Fee Rate is not completed by July 1 for any reason in any given Fiscal Year, the Terminal Rentals, Ramp Premises Rate or Landing Fee Rate then in effect shall continue to be paid by Airline until such calculation of the adjusted rate is completed.
In addition to the Landing Fees and Terminal Rentals, and any other fees otherwise established by this Article 5, Signatory shall be required to make extraordinary coverage protection payments in any Fiscal Year in which the amount of revenues less O&M expenses is or is forecasted to be less than one hundred twenty-five percent (125%) of the aggregate annual debt service requirement (as calculated under the Bond Resolution).
The Board may make reasonable adjustments to Landing Fees and Terminal Rentals, no more than once during each Fiscal Year to account for changes in activity levels and budget changes, which result in a required adjustment of ten percent (10%) or more to the Landing Fees and Terminal Rentals.
Upon repayment of this advance by the Authority to the Commonwealth, Capital Charges related to such repayment shall be included in the calculation for Signatory Airline Passenger Conveyance Charges until the Substantial Completion Date of the New Midfield Concourse(s) at which time such repayment shall be included in the calculation of Terminal Rentals for the New Midfield Concourse(s).
AIRLINE and its Affiliates shall be treated as a single Signatory Airline for purposes of determining a MII, and the Maximum Gross Landed Weight of, and payments of Terminal Rentals and other charges due on account of each Affiliate’s use of Airport facilities or services by, an Affiliate of AIRLINE shall be included with those of AIRLINE in determining or calculating any action by a MII as defined in 0.
Said Terminal Rentals for each Rate Period shall be payable in equal Monthly installments.