Annual Guaranteed Minimum Passengers Boarded “AMGPB” Sample Clauses

Annual Guaranteed Minimum Passengers Boarded “AMGPB”. Customer agrees to guarantee and to pay for a minimum of the total number of passengers boarded according to the table below. This table will also be used for the purposes of calculating the minimum recurring Service Fees, effective upon the Target Date: Year Annual Minimum Guarantee of Passengers Boarded “AMGPB”* (Passenger Boarded) ***** ***** Customer may designate the seasonality allocation of this Annual Minimum Guarantee of Passengers Boarded over the Agreement year. For example, ***** If the actual Passengers Boarded is in excess of this number then the amount for actual number of Passengers Boarded will be invoiced. Customer will update the Seasonality Allocation Schedule below annually at least three months prior to the anniversary of the Target Date of the Agreement which Target Date is expected to be November 30, 2007. If the Customer does not designate the allocation by the above date then the percentages for the Seasonality Allocation will continue to be the same as the last ones provided by Customer. It is also agreed that the minimum seasonality percentage will be no loss that ***** for any month. The Drop Down Rate will apply for all Passengers Boarded in excess of the Number of Guaranteed Minimum Passengers Boarded per month as detailed in the Seasonality Allocation Schedule ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. Seasonality Allocation Schedule Month Guarantee Schedule for December 2007- November 2008 Seasonality Allocation Number of Guaranteed Minimum Passengers Boarded per month based on Annual Guaranteed Minimum Passengers Boarded (% multiplied by AMGPB)** Minimum Monthly Fee December ***** ***** ***** January ***** ***** ***** February ***** ***** ***** March ***** ***** ***** April ***** ***** ***** May ***** ***** ***** June ***** ***** ***** July ***** ***** ***** August ***** ***** ***** September ***** ***** ***** October ***** ***** ***** November ***** ***** ***** * All passengers boarded in excess of these monthly minimum guarantees will be invoiced per terms described in Section 6.3 of this Agreement. ** The total of this column will always equal the applicable year of Annual Minimum Guarantee of Passengers Boarded (AMGPB)*
Sample 1
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Related to Annual Guaranteed Minimum Passengers Boarded “AMGPB”

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