Outbound Passenger definition
Examples of Outbound Passenger in a sentence
In return for the grant of the privilege to utilize the Airport as the terminal station for its rail service between Miami and Orlando, Rail Company shall remit to the Authority a Rail Airport Fee of ONE AND 50/100 DOLLARS ($1.50) per Outbound Passenger (the “Rail Airport Fee”).
In no event shall the Rail Airport Fee be adjusted below ONE AND 50/100 DOLLARS ($1.50) per Outbound Passenger.
Rail Company’s federal, state and local income tax returns, and employment records and reports will not be considered business records available for inspection by the Authority, except to the extent necessary to confirm exclusion of employees and crew from the Outbound Passenger count.
The Report must be accompanied by: (1) a schedule of Outbound Passenger Count and Rail Airport Fees and amounts paid by calendar month and in total for such Agreement Period; and (2) an unqualified opinion on examination of those schedules and such calculation by the independent certified public accountant, in accordance with attestation standards and the terms and provisions of this Agreement, including, without limitation, the definitions of Outbound Passenger and Rail Airport Fees as set forth above.
Rail Company shall account for all transaction of any nature related to Rail Company’s operations in a manner which segregate in detail those Outbound Passenger transactions from other transactions of Rail Company and which supports the amounts reported to the Authority in Article 5.h.
Notwithstanding the above, the Authority hereby agrees to waive a portion of the Rail Airport Fee equal to Zero and 50/100 Dollars ($.50) per Outbound Passenger until the earlier of the date that: (A) Rail Company reaches one million four hundred thousand (1,400,000) total Outbound Passengers over a twelve (12) month rolling calendar (“Stabilization Date”) or (B) the Authority operates bona fide passenger air services at the South Terminal Complex.
The Passenger Count Report shall set forth the prior month’s Outbound Passenger count and be signed by an officer or designee of the Rail Company.
Rail Company’s books and records shall be maintained in sufficient detail to allow the Authority or its representatives to review, examine, or audit, in accordance with generally accepted auditing or attestation standards, the Outbound Passenger counts.
Upon the earlier to occur of the dates set forth in subsections (A) and (B), the Rail Airport Fee shall be ONE AND 50/100 DOLLARS ($1.50) per Outbound Passenger.