Passenger Volume definition

Passenger Volume means, subject to Section 3.4 hereof, the total number of Enplaned and Deplaned Passengers during the calendar year immediately preceding the commencement of the applicable Annual Period, which total number of Enplaned and Deplaned Passengers is based upon the estimates provided to the Authority by Transport Canada and set forth in Schedule A of this Agreement.
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Examples of Passenger Volume in a sentence

  • Borrower expressly acknowledges and understands that Borrower shall be liable for the payment of the Minimum Yield Fee, if any, upon any payment or prepayment of the Loan prior to the Maturity Date (other than a Mandatory NOI Failure Prepayment or A Mandatory Passenger Volume Prepayment) and upon any acceleration of all or any portion of the Loan or on account of an Event of Default.

  • Notwithstanding the foregoing, so long as no Event of Default has occurred and is continuing, the Mandatory NOI Failure Prepayment and the Mandatory Passenger Volume Prepayment shall be applied to the Outstanding Principal Balance.

  • The Estimated Passenger Volume will be provided to HRM in the December preceding the commencement of the relevant five-year period.

  • Following Final Completion, provided that no Event of Default has occurred and is continuing, the balance of the Additional Reserve Account shall be available and may be used by Borrower for (i) the payment of interest on and amortization of the Loan, (ii) Carry Costs, and (iii) any Net Proceeds Deficiency, Mandatory NOI Failure Prepayment or A Mandatory Passenger Volume Prepayment.

  • The Final Passenger Volume figures shall be the total number of Enplaned and Deplaned Passengers reported to HIAA by all of the various commercial air carriers operating at Halifax ▇▇▇▇▇▇▇▇▇.

  • In such circumstance, for each NOI Failure Borrower can offset and be relieved from making a required Mandatory NOI Failure Prepayment or (if applicable) a Mandatory Passenger Volume Prepayment by application of one such NOI Credit against such deficiency for each quarter which will use up and exhaust one NOI Credit from the credit bank with such application.

  • HIAA shall provide a Final Passenger Volume for each calendar year to HRM annually, on or before January 20th of the calendar year following the year that is the subject of the report.

Related to Passenger Volume

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Runoff volume means the volume of water that runs off the land development project from a

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • passengers means the driver and up to the number of passengers allowed as shown in the Vehicle Registration Document travelling in the vehicle;

  • Flight Hour means each hour or part thereof elapsing from the moment at which the wheels of the Aircraft (or other aircraft in the case of Parts or Engines temporarily installed on such other aircraft) leave the ground on the take-off of the Aircraft (or such other aircraft) until the wheels of the Aircraft (or such other aircraft) touch the ground on the landing of the Aircraft (or such other aircraft) following such take-off.