Failure to Submit Activity Report Sample Clauses

Failure to Submit Activity Report. If AIRLINE fails to submit the required activity report to CITY as required by Section 5.02(A), AIRLINE's Landing Fee shall be determined by assuming that AIRLINE's total Landed Weight for such month was one hundred twenty-five percent (125%) of its total Landed Weight during the most recent month for which such data are available for AIRLINE. Any necessary adjustment in such Landing Fee payment shall be calculated after an accurate report is delivered to CITY by AIRLINE for the month in question. Any resulting surpluses or deficits shall be applied as credits or additional fees to the appropriate invoices in the succeeding month.