Common use of Airport Revenues Clause in Contracts

Airport Revenues. The Sponsor shall maintain a fee and rental structure for the facilities and services at the Airport which will make the Airport as self‐sustaining as possible under the circumstances existing at the particular Airport, taking into account such factors as the volume of traffic and economy of collection. All revenues generated by the Airport (and any local taxes established after Dec 30, 1987), will be expended by it for the capital or operating costs of the Airport; the local airport system; or the local facilities which are owned or operated by the owner or operator of the Airport and which are directly or substantially related to the actual air transportation of passengers or property, on or off the Airport.

Appears in 5 contracts

Samples: legistarweb-production.s3.amazonaws.com, legistarweb-production.s3.amazonaws.com, destinyhosted.com

AutoNDA by SimpleDocs

Airport Revenues. The Sponsor shall maintain a fee and rental structure for the facilities and services at the Airport which will make the Airport as self‐sustaining self-sustaining as possible under the circumstances existing at the particular Airport, taking into account such factors as the volume of traffic and economy of collection. All revenues generated by the Airport (and any local taxes established after Dec 30, 1987), will be expended by it for the capital or operating costs of the Airport; the local airport system; or the local facilities which are owned or operated by the owner or operator of the Airport and which are directly or substantially related to the actual air transportation of passengers or property, on or off the Airport.

Appears in 1 contract

Samples: mccmeetingspublic.blob.core.usgovcloudapi.net

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.