Competitive Credit definition

Competitive Credit means an amount provided, at the discretion of Airport Executive Director, to the Signatory Airlines in the form of a credit which is used to determine annual rate charges.
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Competitive Credit means the credit defined in Article 6.
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Examples of Competitive Credit in a sentence

  • As used in this Paragraph 42(a):  “After accounting for any discounts or rebates offered by the merchant at the point of sale” means that the amount of the surcharge for a Visa Credit Card or a Competitive Credit Card Brand is to include the amount of any discount or rebate that is applied to that card or brand at the point of sale but which is not equally applied to all Visa Credit Card Transactions.

  • As used in this Paragraph 55(a):  “After accounting for any discounts or rebates offered by the merchant at the point of sale” means that the amount of the surcharge for a MasterCard Credit Card or a Competitive Credit Card Brand is to include the amount of any discount or rebate that is applied to that card or brand at the point of sale but which is not equally applied to all MasterCard Credit Card Transactions.

  • As used in this Paragraph 55(a): • “After accounting for any discounts or rebates offered by the merchant at the point of sale” means that the amount of the surcharge for a MasterCard Credit Card or a Competitive Credit Card Brand is to include the amount of any discount or rebate that is applied to that card or brand at the point of sale but which is not equally applied to all MasterCard Credit Card Transactions.

  • The Aviation Commission may establish differing levels of Competitive Credit for different classes of airlines.

  • As used in this Paragraph 42(a): • “After accounting for any discounts or rebates offered by the merchant at the point of sale” means that the amount of the surcharge for a Visa Credit Card or a Competitive Credit Card Brand is to include the amount of any discount or rebate that is applied to that card or brand at the point of sale but which is not equally applied to all Visa Credit Card Transactions.

  • City and Airline agree that the Competitive Credit will be calculated as follows: Gross Revenues, less deposit to Bond Fund, less deposit to Debt Service Reserve Fund, less deposit to Maintenance and Operating Fund (which includes the Maintenance and Operating Expenses and Maintenance and Operating Reserve) equals the transfer amount to the Capital Improvement Fund (“the Transfer”).

  • The City’s intent is to use the Competitive Credit to reduce, to the extent prudent, cost per Enplaned Passenger and to prevent material year-to-year variations.

  • Except as otherwise provided in Schedule 2.5, Stage agrees that, in consideration of and as an inducement for Bank to make the Plan available to Stage as provided in this Agreement, Stage (including its Affiliates) shall not during the Term without Bank's prior written consent, either on its own or under contract or in concert with any third-party, provide, participate in, or own (i) any Competitive Credit Program, nor (ii) any Stage-branded debit program that operates in the United States.

  • The Competitive Credit may be fully or partially applied to keep the Airline's Airport cost per Enplaned Passenger competitive with other airports similarly situated for air service development purposes.

  • This Transfer less 20% of non-Airline Revenue to be retained by Airport for Capital Improvements and less amount of the Prior Period Debt Service Coverage is defined as the Amount Available for Competitive Credit.