AICM definition

AICM shall acknowledge of receipt of one copy of said manifest. In case “AICM” does not have the manifest within the term provided because of the omission in their timely delivery by “CARRIER”, “AICM” will invoice the services based on the maximum capacity of the aircraft used for the flight, as referred to in the Pages of the Manufacturer’s Technical Specifications Manual of the corresponding aircraft or any document superseding it relative to the weight and capacity of the corresponding aircraft duly approved by the Aviation Authority. For such purposes, “AICM” shall provide “CARRIER”, on a monthly basis and without any charge, with the Departure Manifest forms approved by the Aviation Authority, in the necessary quantity according to the number of operations carried out by “CARRIER” in the airport. “AICM” and “CARRIER” mutually agree that such manifest, in the respective form, may be prepared and sent electronically upon approval by the competent authority. For purposes of invoicing the airport services, the Departure Manifest received by “AICM” shall be used as data source; in case of nonconformity of “CARRIER”, the verification of the information shall be subject to the provisions in clause NINE herein.

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AICM accepts that “CARRIER” provides ▇▇▇▇▇▇▇’s aircrafts with the complementary services indicated in section II of article 43 of the Airport Law and 56 of the Regulations thereof, services which are described in EXHIBIT TWO, provided that CARRIER demonstrates to “AICM” that ▇▇▇▇▇▇▇ is in any of the circumstances described in article 71 of said Regulations, in which case the appropriate agreement shall be executed.

AICM shall make a reimbursement by means of a credit note for the amount of the nonconformity plus the amount yielded due to default interest, which shall be estimated using the procedure indicated in clause EIGHT herein in “contrario sensu”.

Examples of AICM in a sentence

The monthly determined considerations "THE LESSEE" must pay to "AICM" for the use and enjoyment of the "LEASED ASSET".
Once the expected works are received in the "ADMINISTRATIVE RECORD OF THE DELIVERY-RECEIPT OF THE STRUCTURE INFRASTRUCTURE", "THE LESSEE" shall anticipate the following work schedule for the conditioning of the HOTEL: As from November 27, 2006 "THE LESSEE" has a maximum of 120 calendar day term to submit the EXECUTIVE PROJECT for its revision, adjustments, and authorization by "AICM" within said term.
Borrower and each other Obligor recognize and agree that Affirmative Insurance Company of Michigan, a Michigan insurance corporation (“AICM”), is a RIC for purposes of the Loan Documents; provided, that, neither AICM nor any Obligor may request, and L/C Issuer shall have no obligation to issue, any Letter of Credit for the account of or that otherwise assures the performance of any obligation of AICM.
THE LESSOR" declares and guarantees that pursuant to the authorized projects and plans by "AICM" for the construction of the HOTEL and SPACES FOR THE PROVISION OF COMMERCIAL SERVICES, the access shall be through the common areas of the New Terminal 2 of the "AIRPORT", and shall always be safety and on quality ground conditions so as not to adversely interfere with the possibility of the clients to access the HOTEL and the SPACES FOR THE PROVISION OF COMMERCIAL SERVICES.
Whatever happens first of the 240 days after the conditioning of the HOTEL and SPACES FOR THE PROVISION OF COMMERCIAL SERVICES once the ADMINISTRATIVE RECORD OF DELIVERY RECEIPT OF THE STRUCTURE AND INFRASTRUCTURE of AICM is received, or the entrance of the first guest and registry of the income in the safe of the HOTEL, and consequently the payment of the agreed upon considerations.

More Definitions of AICM

AICM shall issue a credit note in favor of “CARRIER” within maximum thirty (30) working days following the resolution date thereof, which “CARRIER” may apply after having received such credit note. In the event “CARRIER” makes the payment discounting the amount of the nonconformity and the nonconformity is deemed inadmissible for “CARRIER”, “CARRIER” shall pay the amount subject matter of the nonconformity, plus the default interest incurred, as per the provisions in clause EIGHT herein. The nonconformities submitted to “AICM” after thirty (30) working days from the electronic invoice receipt by “CARRIER” shall be deemed inadmissible. In case of delays or cancellations of flights for reason attributable to “AICM” due the lack or failure in the provision of the services subject matter herein. “CARRIER”, notwithstanding the legal actions it may bring about, may submit nonconformities in order to charge them. If these are admissible, “AICM” shall reimburse, as applicable, the amount paid by “CARRIER” under the terms set forth in this Clause. To make clarifications on delays or cancellations it will be necessary for “CARRIER” to submit a copy of the NOTAM, Logbook, arrival manifest, departure manifest or of any fact-finding report filed to the Airport Commander’s Office, documenting the reasons for the delay or cancellation. In case the nonconformity of “CARRIER” remains, and to avoid any default, “CARRIER” may deposit to “AICM” the amount corresponding to the nonconformity until it gets solved, with the rights of the “CARRIER” to exercise any actions “CARRIER” deems suitable being reserved. The parties mutually agree that, in case that more than three documents concerning the same nonconformity are submitted, regardless of whether “AICM” had defined it as inadmissible, “CARRIER” may choose to request arbitration to the Ministry of Communications and Transport (SCT) and, as the case may be, if “CARRIER” deems its rights are affected by the decision issued by such authority, CARRIER may, if deemed necessary, bring the corresponding legal procedure.

AICM represents, through its legal representative, that: I.1 It is a variable capital corporation, incorporates under Mexican law, as documented in public instrument number 44,339, dated May 28, 1998, issued by ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Maqueo, Notary Public No. 25 with authority in the Federal District, currently Mexico City, whose first record was registered under folio 238,577, entry 18,288, on June 25, 1998, in the Public Registry of Property and Commerce of Mexico City. I.2 It legally manages and operates the Mexico City International Airport ▇▇▇▇▇▇ ▇▇▇▇▇▇ under the Concession granted for such purpose by Mexico’s Federal Government through the Ministry of Communications and Transport (SCT); therefore, as per the provisions in the concerning Title, it has the authority to manage, operate and maintain the airport, its runways, platforms, and buildings, and to provide airport use services, complementary services and commercial services, as well as to arrange and usufruct such assets. I.3 As per the provisions in articles 43 section III of the Airport Law and other valid and applicable legal regulations, “AICM” has the authority to provide and charge the airport services specified in this agreement, and “AICM” has the right to receive, in accordance with the terms provided in the corresponding Rules and the Concession Title, the income derived from the airport services provided by Aeropuerto Internacional de la Ciudad de Mexico S.A. de C.V. I.4 For the provision of the airport services set forth herein, “AICM” has the necessary and sufficient infrastructure, facilities, signs and equipment, as well as trained human resources, to perform such services under safe, efficient and quality conditions, in accordance with the category of the airport indicated in representation I.2 above. I.5 ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Letayf has sufficient authority to enter into this agreement on behalf and representation of “AICM”, which he demonstrates with a copy of the public instrument No. 39,284, dated February 12, 2020, issued by Mrs. ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Head of the Notary Public Office No. 95 of Mexico City, authority which has not been revoked, modified or restricted in any manner whatsoever.

AICM shall pay “CARRIER” any corresponding damages.

AICM shall solve based on grounds and reasons the nonconformities within a term no longer than thirty (30) working days following the submission of the nonconformity by “CARRIER”. In case “AICM” fails to solve the nonconformity within said term, such conformity shall be deemed applicable.

AICM shall give the Airport Identification cards to "THE LESSEE" at his expense, pursuant to the Regulation in force to that effect, within five calendar days following the reception of the corresponding list and copy of the admission receipt in the Mexican Institute of the Social Security or the Work Contract . The use of the Airport Identification cards is mandatory for all the personnel performing permanent activities in the airport facilities, who shall hold them in visible place while being inside said facilities, whether in restricted or public areas. Likewise, "THE LESSEE" accepts that in case he has due debts for any concept arising from this agreement for longer than 3 months, or that he fails to comply with any of the obligations undertaken under this agreement, "THE LESSOR" shall immediately cancel the Airport Identification cards issued to the temporary or permanent personnel for providing services subject matter of this agreement, which if appropriate shall be reactivated until the non compliance is taken care of, without responsibility of any kind for "THE LESSOR" for this cancellation and in case such non compliance is not corrected, the agreement may be terminated.

AICM shall reimburse the outstanding amounts in favor of “CARRIER” and provide a solution to the nonconformities pending to be solved and/or in process derived from the termination hereof. In case of termination hereof without amounts payable, as per paragraph first of article 55 of the Airport Law, “AICM” shall provide, in exchange of pay in cash and upon CARRIER’s request, any airport services subject matter hereunder, as per the agreements concerning the rates and application rules valid at the time of the service provision. TWENTY-THREE: RIGHT ASSIGNMENT.- The parties agree that any of the parties may, prior written notice to the other party 60 calendar days in advance, assign or transfer the rights and obligations hereunder to any of their affiliates or any member of their group, regardless whether they are owned or not by the Federal Government (in the case of “AICM”), on the understanding that such third party shall be entirely submitted to the provisions agreed upon hereunder. Moreover, the parties agree that, in the event of the case explained above, the revisions, updating and, as applicable, preparation of the necessary procedures shall be carried out in order to continue to comply with the obligations hereunder.