Amortization Charges definition

Amortization Charges shall have the meaning set forth in Section 5.01(d).

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Amortization Charges means the amounts properly allocated, whether directly or indirectly, and included in the calculation of Airline Rent, Fees and Charges to repay the Authority for costs incurred by the Authority for a Capital Project which are not otherwise being repaid in the calculation of Airline Rent, Fees and Charges as Annual Debt Service, or being repaid through Passenger Facility Charges (“PFCs”), or a federal, state, or local grant. The amount to be included in the calculation of Airline Rent, Fees and Charges for each Capital Project shall be in substantially equal annual installments of principal and interest for the term of the asset’s useful life as estimated by Authority, with interest calculated by Authority at a rate equal to the Thirty-Year Revenue Bond Index at the time the Capital Project is placed in service.

Amortization Charges means the amounts properly allocated, whether directly or indirectly, and included in the calculation of Airline Rents, Fees and Charges to repay Authority for costs incurred by Authority for a Capital Project which are not otherwise (1) being repaid in the calculation of Airline Rents, Fees and Charges as Debt Service; (2) being repaid through Passenger Facility Charges, or a federal, state, or local grant; or (3) being funded through the Major Maintenance Fund. The amount to be included in the calculation of Airline Rents, Fees and Charges for each Capital Project shall be in substantially equal annual installments of principal and interest for the term of the asset’s useful life as estimated by Authority, with interest calculated by Authority at a rate equal to the Thirty-Year Revenue Bond Index at the time the Capital Project is placed in service.

Examples of Amortization Charges in a sentence

The FIS Facility Fee shall be equal to the sum of Operation and Maintenance Expenses, Debt Service, Debt Service Coverage, Debt Service Reserve Requirement, Operation and Maintenance Reserve, Non-amortized Capital Expenditures and Amortization Charges attributable to the FIS Facility divided by projected total international Deplaned Passengers using the FIS Facility during the Rate Setting Period.
This Line Item includes Amortization Charges attributable to the Terminal, Airfield, or Baggage Handling System Cost Centers.
The Total Requirement is the sum of the following line items: Operation and Maintenance Expenses, Operation and Maintenance Reserve Charge, Debt Service, Debt Service Coverage, Debt Service Reserve Requirement, Non- amortized Capital Expenditures and Amortization Charges.
The Total Requirement is the sum of the following line items: Operation and Maintenance Expenses, Operation and Maintenance Reserve, Debt Service, Debt Service Coverage, Debt Service Reserve Requirement, Non-amortized Capital Expenditures and Amortization Charges.
Recipient agrees to pay such monthly Amortization Charges (which, for the avoidance of doubt, shall be pro-rated for any partial month) as Service Charges (for all purposes hereof) from the Distribution Date until the end of the applicable amortization schedule (the “Amortization Termination Date”).
All references in the Indenture to Section 14.03 are hereby deemed to apply to this Section 3.03.
All Termination Charges, Decommissioning Charges and Amortization Charges shall be invoiced and paid as provided in ARTICLE V.
To calculate Airline Rents, Fees, and Charges, Authority shall account for and allocate annual O&M Expenses, Annual Net Debt Service, and Amortization Charges for the Indirect Cost Centers to Direct Cost Centers as set forth in Exhibit G.
Any Capital Expenditure for which neither Debt Service nor Amortization Charges will be included in the calculation of Signatory rentals, fees and charges.
Funding from the Major Maintenance Fund shall not incur Amortization Charges.

More Definitions of Amortization Charges

Amortization Charges means the principal and interest cost on Capital Improvement Projects financed by ▇▇▇▇ from the General Account. Amortization Charges shall be calculated using (a) the Revenue Bond Index rate, as published in the Wall Street Journal as of the date the Capital Improvement is placed in service,

Amortization Charges means the recovery of capital costs and interest, in substantially equal annual installments over a fixed term, for that portion of a Capital Expenditure that is funded from the KCAB General Fund. The amortization charge for such Capital Expenditure shall commence in the first Fiscal Year following the date of Substantial Completion of the capital project for which the Capital Expenditure is made, and shall be computed using (i) the five- year United States Treasury rate as of the last Business Day of the midpoint of the Fiscal Year during which such Substantial Completion of the capital project occurs, and, and (ii) the economic life of such capital item determined in accordance with generally accepted accounting practices as the term for such amortization charges.