Terminal Rents definition
Examples of Terminal Rents in a sentence
Terminal Rents and other charges and fees due from the Affiliate and all reports required to be made for payment of Landing Fees and Terminal Rents shall be made by the Contracting Carrier.
With respect to any such taxes payable by the Port that are levied on, or measured by, the Terminal Rents or other charges payable under this Agreement, Airline shall pay to the Port with each payment an amount equal to the tax levied on, or measured by, that particular payment.
Beginning on the Effective Date, Airline shall pay to the Port on a monthly basis the Landing Fee and Terminal Rents established by the Port in accordance with this Agreement.
As long as the Contracting Carrier is making all payments of Landing Fees and Terminal Rents, and submitting the activity reports for the Affiliate, then that Affiliate activity will count toward the Contracting Carrier’s activity.
The Contracting Carrier will remain liable to the Port for the payment of all Landing Fees and Terminal Rents due from the Affiliate, and any such past due payments (including PFCs) will be subtracted from any reimbursement due to the Contracting Carrier by the Port.
Airline shall pay to the Port Landing Fees and Terminal Rents calculated in accordance with Article 8 as follows.
Airline acknowledges and expressly agrees that the Port may recover the costs of forgone (waived) Landing Fees or Terminal Rents (including fees for the use of the FIS) for Passenger Carriers through the Landing Fee or Terminal Rents calculated under this Article 8.
By December 31st after the close of each Fiscal Year, City shall provide to Airline (and all other Scheduled Airlines that paid Landing Fees or Terminal Rents to City during such preceding Fiscal Year) a final accounting of the Airport’s operations for such preceding Fiscal Year.
If the Terminal Rents actually paid by Airline were greater than the corresponding amounts chargeable to Airline, City shall remit the amount of such overpayment to Airline within thirty (30) days of the final accounting.
Credits for past Debt Service Coverage Charges can only be used by a Signatory Airline, including Airline, as an offset against amounts due to the Port in the following order of priority: first, against any amounts due to the Port for Terminal Rents; second, against any Landing Fees due to the Port; and third against any other any other fees, rents or charges due to the Port, except for PFC remittance.