Examples of Airfield Cost Center in a sentence
Notwithstanding any other provision of this Agreement, these Contingency Projects may include at MAC’s discretion projects to be included in the Airfield Cost Center, and this Agreement shall be deemed to be AIRLINE’S approval (if required) of any such Capital Project without any requirement for Majority-In-Interest review.
In addition, the Port may adjust Rent rates in order to remain in compliance with Ordinance No. 155 and Ordinance No. 323, with respect to the Airfield Cost Center and the Terminal Cost Center.
Area Rents In the event a Capital Improvement is not approved by the Signatory Airlines, the Port may make Capital Expenditures in the Terminal Cost Center or the Airfield Cost Center for which all costs to construct and operate the Capital Improvement are paid or financed from funds lawfully available to the Port, including, but not limited to, coverage, PFC dollars, grant funds, the Port Cost Center or non-Airport Fund Revenues.
The size and representation by various interests will be defined by the NCWM Chair on a case-by- case basis.
Half of the net revenues from all cost centers from the prior year is shared with the signatory airlines and used to reduce the Airfield Cost Center operating expenses.