Five percent. (5%) of the gross receipts (as hereinafter defined) of the User arising during each annual period in excess of an amount ("the annual exemption amount") to be calculated (1) by determining the sum of (a) the then effective monthly fee and (b) .833% of the capital investment by the User in new buildings or new structures as such are defined in Section 17.8 hereof; and (2) multiplying said sum by a factor of two hundred forty (240); and 5.9.2 1 4 of 1% of gross receipts from sales of aircraft.
Appears in 2 contracts
Sources: Use and Occupancy Agreement (Macquarie Infrastructure CO Trust), Use and Occupancy Agreement (Macquarie Infrastructure Assets Trust)