Common use of PFCs Clause in Contracts

PFCs. The Lessee shall have the right to charge, assess, collect, seek, and apply such PFCs that may have in the past or in the future been authorized under 49 U.S.C. § 40117, or any predecessor or successor Law, and as approved by the FAA from time to time with respect to the LMM Airport Facility. PFCs collected for the LMM Airport Facility may not be used to finance projects at any other airport facility.

Appears in 3 contracts

Sources: Lease Agreement (Southeast Airport Group), Lease Agreement, Lease Agreement