Foreign-Trade Zone Usage and Commitment Sample Clauses

Foreign-Trade Zone Usage and Commitment. Operator acknowledges that that all real property within the Airport is within Foreign-Trade Zone (FTZ) 138, and as such is subject to the Foreign-Trade Zones Act of 1934, as amended (19 U.S.C. 81a-81u), and all of the laws, rules and regulations relating thereto, including the US Department of Commerce rules for the Foreign-Trade Zones Board set forth in 15 C.F.R. Part 400 (collectively the “FTZ Regulations”) and all laws, rules and regulations promulgated by the US Customs Service for the operation of activated sites, including the rules set forth at 19 C.F.R. Part 146 (collectively the “Customs Regulations). If Operator at anytime elects to activate or cause to be activated a portion of the Preferential Use Area for use as a “zone site” within the Zone, within the meaning and in accordance with the procedures set forth in the FTZ Regulations and the Customs Regulations, Operator shall enter into an Agreement with Authority (in such form as Authority may require) and file an application and take all other actions which are necessary or appropriate to cause the zone site to be approved and maintained for activation. Authority and Operator acknowledge and confirm that they intend that Operator’s obligations under this section shall be binding on any successive lessee, sublessee, or other user of the Preferential Use Area, or any part thereof, taking into account the nature of the use of the Preferential Use Area made by such successive lessee, sublessee, or user, so that Authority retains a level of control which allows it to carry out its responsibilities as the “grantee” of the Zone.