PFC Revenues definition

PFC Revenues means the revenue derived from PFC or other per-passenger charge hereafter established by or for the City in accordance with applicable law for use by the Airport System.

PFC Revenues means any passenger facility charges or similar taxes levied by or on behalf of the City pursuant to the federal Aviation Safety and Capacity Expansion Act of 1990, as from time to time amended, and any successor thereto, and all investment earnings on funds deposited in the PFC Fund.

PFC Revenues means all revenues received by the Authority from PFCs imposed by the Authority at Tampa International Airport pursuant to the PFC Act, the PFC Regulations and the PFC Approvals, including any interest earned thereon after such revenues have been remitted to the Authority as provided in the PFC Regulations.

Examples of PFC Revenues in a sentence

• For purpose of determining compliance with this requirement, the Authority may include Available PFC Revenues in an amount not to exceed One Hundred Twenty Five Percent (125%) of the amounts required to be deposited into the Interest Account, Principal Account and Redemption Account in the Sinking Fund for such year on the Outstanding PFC Bonds, or such lesser amount as may be required under the PFC Act, PFC Regulations and PFC Approvals as in effect from time to time.

• The Issuer covenants not to issue any other Indebtedness having a lien on Gross Revenues senior to or on a parity with the Subordinated Revenues or, if Available PFC Revenues have been pledged hereunder, having a lien on Available PFC Revenues senior to or on a parity with the Subordinated PFC Revenues, without the prior written consent of the Lender, which consent shall not be unreasonably withheld, conditioned or delayed.

• All Available PFC Revenues shall be deposited by the Authority upon receipt into the PFC Revenue Fund and applied in accordance with Section 5.03 below, to reduce the deposit requirements otherwise provided in subsections (B), (C), and (E) below, and are hereby pledged for the purposes, and with the priorities, set forth in this Trust Agreement.

• The Issuer shall take all necessary action to maintain and preserve the Lien on the Subordinated Revenues and Subordinated PFC Revenues, including the Pledged Funds, to secure the Notes and the Lender Obligations.

• The Issuer covenants that any obligations or indebtedness issued by it other than in accordance with the terms described above and payable from Revenues or Available PFC Revenues shall contain an express statement that such obligations are junior and subordinate in all respects to the Notes, the Lender Obligations and Other Parity Indebtedness as to lien on, source of and security for payment from, the Revenues.

More Definitions of PFC Revenues

PFC Revenues means amounts derived by the Issuer from the imposition of PFCs, exclusive of the amounts retained by the air carriers collecting the PFCs pursuant to Section 158.53 of the Federal Aviation Regulations (Title 14, Code of Federal Regulations, Part 158).

PFC Revenues means Passenger Facility Charges collected by City with respect to the Airport.

PFC Revenues means all PFCs collected pursuant to the FAA's PFC Program and available to City as Airport Sponsor (as defined under Federal law).

PFC Revenues means all revenues received by the Authority from PFCs imposed by the Authority at Tampa International Airport pursuant to the PFC Act, the PFC Regulations and

PFC Revenues means all revenue earned by the City from time to time from Passenger Facility Charges, including any investment income with respect thereto including proceeds thereof and gains and losses from sales of investments after such revenue has been remitted to the City as provided in the PFC Regulations, all of which are pledged to the Series 2001 Bonds.

PFC Revenues means amounts derived by the Authority from the imposition of PFCs, exclusive of the amounts retained by the air carriers collecting the PFCs pursuant to Section 158.53 of the Federal Aviation Regulations (Title 14, Code of Federal Regulations, Part 158), as amended from time to time or any successor provision thereto.

PFC Revenues means PFCs paid to the City as a result of enplanements at the Airport, together with investment earnings thereon. "Pledged PFC Revenues" means the PFC Revenues pledged by the City pursuant to a Supplemental Ordinance, subject to the following limitation: at no time shall the amount of PFC Revenues pledged to the 1998B Bond, the 2001A Bond, the 2010D Bonds and the 2011A Bonds outstanding in any year exceed the lesser of (a) 70% of the amount of all PFCs actually paid to the City in that year, or (b) 75% of total debt service on such series of Airport Revenue Bonds in that year.