Tax Exempt Status of the Aviation Authority’s Revenue Bonds Sample Clauses

Tax Exempt Status of the Aviation Authority’s Revenue Bonds. Company agrees to comply promptly with any applicable provisions of any federal tax statute, and all regulations or other binding authority promulgated or decided thereunder, as required to permit the Aviation Authority's capital expansion projects to be planned and constructed by the Aviation Authority with revenue bonds the interest on which is generally exempt from federal income taxation, other than any applicable individual or corporate alternative minimum taxes (and other than during any period while such revenue bonds are held by a "substantial user" of the projects financed by such revenue bonds or a "related person" to a "substantial user"), including, without limitation, the execution by Company and delivery to the Aviation Authority on the date of execution of this Agreement of an election not to claim depreciation or any investment credit with respect to any portion of such capital expansion projects or any other portion of the Airport System in the Tax Election Form, attached hereto as Exhibit “G.” Such exhibit shall be deemed to be a part of this Agreement and shall be binding upon Company, its successors and assigns. EXHIBIT “A” Premises EXHIBIT “B” Food and Beverage Menu EXHIBIT “C” Revenue Report‌ Greater Orlando Aviation Authority Report for (Month, Year): Company Name: Address: MONTHLY GROSS RECEIPTS: Food and Beverage Sales:
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Tax Exempt Status of the Aviation Authority’s Revenue Bonds. Company agrees to comply promptly with any applicable provisions of any federal tax statute, and all regulations or other binding authority promulgated or decided thereunder, as required to permit the Aviation Authority's capital expansion projects to be planned and constructed by the Aviation Authority with revenue bonds the interest on which is generally exempt from federal income taxation, other than any applicable individual or corporate alternative minimum taxes (and other than during any period while such revenue bonds are held by a "substantial user" of the projects financed by such revenue bonds or a "related person" to a "substantial user"), including, without limitation, the execution by Company and delivery to the Aviation Authority on the date of execution of this Agreement of an election not to claim depreciation or any investment credit with respect to any portion of such capital expansion projects or any other portion of the Airport System in the Tax Election Form, attached hereto as Exhibit “F”. Such exhibit shall be deemed to be a part of this Agreement and shall be binding upon Company, its successors and assigns. EXHIBIT “A” Premises EXHIBIT “B” Vending Machine Items List EXHIBIT “C” Revenue Report Greater Orlando Aviation Authority VENDING MACHINE CONCESSION AGREEMENT Report for (Month, Year): Company Name: Address: MONTHLY GROSS RECEIPTS Public Vending Machines Sales (list for each Public Vending Machine): (A) Percentage Fee: Percentage Fee Payment: x % (B) C = (AxB) Office Vending Machines Sales (list for each Office Vending Machine): (D) Percentage Fee: Percentage Fee Payment: x % (E) F = (DxE) AMOUNT DUE AVIATION AUTHORITY (Add Line C Plus Line F): Name of Person(s) Submitting Report Title ( ) Phone Number Date EXHIBIT “D” Tenant Design Criteria Retail, Food and Beverage (August 2003) [CD ROM Provided to Company] EXHIBIT “E” Tax Election Form ELECTION BY XXXXXX, SERVICE CONTRACTOR, MANAGEMENT CONTRACTOR OR OTHER CONTRACTING PARTY (THE “CONTRACTING PARTY”) DESCRIBED IN I.R.C. §142 (B) (11) (b) NOT TO CLAIM DEPRECIATION OR AN INVESTMENT CREDIT WITH RESPECT TO SUCH PROPERTY 1. Description of Property: New and expanded Airline Terminal Facilities at Orlando International Airport, excluding only the equipment, trade fixtures and leasehold improvements which Contracting Party represents and warrants will be paid for with its own funds and not reimbursed by the Aviation Authority, such equipment, trade fixtures and leasehold improvements t...

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