Per Trip Fee definition
Examples of Per Trip Fee in a sentence
Upon failure of the Operator to pay the Per Trip Fee at the time and in the manner herein set forth or upon the default by the Operator in the performance of any of the other terms or conditions of the Agreement, the Authority may at its own option, terminate this Agreement and all rights, privileges and accesses herein granted.
The Monthly License fee is the greater of (1) $25,000 or (2) the product of (a) the number of Trips conducted by Licensee’s TNC Vehicles in one calendar month and (b) the Per Trip Fee then in effect.
Failure of the Parties to mutually agree on Per Trip Fee increases shall be treated the same as an "Event of Default" and shall be grounds for termination of the Agreement by either Party.
Concessionaire shall, not later than February 28, 2016, submit to the Port a statement detailing the number of outbound revenue trips provided under the Concession during the period November 1, 2015 through January 31, 2016 and simultaneously pay to the Port the Per Trip Fee due for that period less the Minimum Annual Guaranty amounts already paid by Concessionaire for that period.
The Per Trip Fee established by the Airports Authority shall be as set forth below.