Airport System definition
Examples of Airport System in a sentence
Any obligation of the City created by or arising out of this Agreement and owing to the Tender Agent shall be a limited unsecured obligation of the City, payable solely from the Net Revenues of the Airport System, in accordance with the customary payment approval procedures, policies and processes of the City.
The Bank, as the Interim Note Paying Agent for the Interim Note, hereby establishes the "City and County of Denver, Colorado, for and on behalf of its Department of Aviation, Airport System Interim Note, Principal and Interest Account" (the "Interim Note Principal and Interest Account" or the "Principal and Interest Account") to be held by and under the control of the Interim Note Paying Agent as provided in this Section.
For payments required under this Agreement, the City shall make payments to Contractor solely from funds of the Airport System Fund and from no other fund or source.
This Agreement is subject and subordinate to the terms, reservations, restrictions and conditions of any existing or future agreements between the City and the United States, the execution of which has been or may be required as a condition precedent to the transfer of federal rights or property to the City for airport purposes and the expenditure of federal funds for the extension, expansion or development of the Airport System.
Funding under the provisions of this paragraph 4.D. may be payable from the City’s Airport System Capital Replacement Fund and/or Airport Operations and Maintenance Fund.