MRG Contract definition

MRG Contract means a contract between LAA and an airline providing for a Minimum Revenue Guarantee.
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Examples of MRG Contract in a sentence

  • If the MRG Contract as submitted conforms to the above requirements, the CAO shall approve it and so advise the Executive Director of LAA in writing, which approval shall not be unreasonably withheld, delayed or conditioned.

  • LAA shall submit a copy of the MRG Contract to the Mayor or Mayor’s representative for review and consultation with the CAO.

  • Upon approval of a MRG Contract between an airline and the LAA Board, LAA will submit the same to the CAO for review and approval in accordance with this Section 6.

  • Upon approval of the MRG Contract, the CAO shall forward it to the County Budget and Fiscal Officer who shall, out of the funds deposited in the segregated account referenced in Paragraph 3 above, obligate an amount equal to the amount of the Minimum Revenue Guarantee set forth in the MRG Contract.

Related to MRG Contract

  • Existing Contract means an unexpired Contract entered into by the Council and a Provider for works, services and/or goods.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;