Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Download
Standard view
Full view
of .
Add note
Save to My Library
Sync to mobile
Look up keyword or section
Like this
3Activity
×

Table Of Contents

0 of .
Results for:
No results containing your search query
P. 1
Privatization agreement for the Luis Munoz Marin Airport

Privatization agreement for the Luis Munoz Marin Airport

Ratings: (0)|Views: 800|Likes:
Published by darwinbondgraham
Lease agreement between the Puerto Rico Port Authority and Aerostar Airport Holdings for privatization of the Luis Munoz Marin International Airport.
Lease agreement between the Puerto Rico Port Authority and Aerostar Airport Holdings for privatization of the Luis Munoz Marin International Airport.

More info:

categoriesBusiness/Law
Published by: darwinbondgraham on Apr 10, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See More
See less

08/08/2013

pdf

text

original

 
 
700012637
 
!"#$"#%&!"$'&()(*+,"-#&*-./&$0,($&1+2/&3'&4564&*-#7"$(#,"02&&&&&
 
2+"8&9+:-;&90<=#&"#,(<#0,"-#02&0"<.-<,&2(08(&0%<((9(#,&
dat
e
d a
s
of[
!
]
,
20
__
 by and b
e
tw
ee
n
,>(&.+(<,-&<"*-&.-<,8&0+,>-<",/&?@A&B2(88((C&
 
 
TABLE OF CONTENTSPag
e
 
700012637
-i-
0<,"*2(&6&$(7"#","-#8&0#$&"#,(<.<(,0,"-#&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&4&
Section 1.1 Definitions............................................................................................. 2Section 1.2 Number and Gender ............................................................................ 28Section 1.3 Headings ............................................................................................. 28Section 1.4 References to this Agreement ............................................................. 28Section 1.5 References to Agreements and Other Documents .............................. 28Section 1.6 References to Any Person ................................................................... 28Section 1.7 Meaning of Including .......................................................................... 28Section 1.8 Meaning of Discretion ........................................................................ 29Section 1.9 Meaning of Notice .............................................................................. 29Section 1.10 Meaning of Promptly .......................................................................... 29Section 1.11 Consents and Approvals ..................................................................... 29Section 1.12 Trade Meanings .................................................................................. 29Section 1.13 Laws .................................................................................................... 29Section 1.14 Currency .............................................................................................. 29Section 1.15 Accounting Principles ......................................................................... 29Section 1.16 Time .................................................................................................... 29Section 1.17 Approvals, Consents and Performance by the Authority.................... 30
0<,"*2(&4&,>(&,<0#80*,"-#E&*2-8"#%E&*-#$","-#8&.<(*($(#,E&*-F(#0#,8&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&G6&
Section 2.1 Grant of Lease; Right to Sublease; Intent of the Parties; Allocation of the Leasehold Fee ............................................................................... 31Section 2.2 Closing ................................................................................................ 32Section 2.3 Deposit ................................................................................................ 33Section 2.4 Conditions Precedent; Termination .................................................... 34Section 2.5 Covenants ............................................................................................ 41Section 2.6 Recordation of Lease .......................................................................... 46Section 2.7 Closing Deliveries ............................................................................... 46Section 2.8 Intended Treatment for Federal Income Tax Purposes ....................... 46Section 2.9 Intended Treatment for Commonwealth Income Tax Purposes ......... 47
0<,"*2(&G&,(<98&-7&,>(&2(08(&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&HI&
Section 3.1 Right to Operate; Present Condition ................................................... 47Section 3.2 LMM Airport Facility Operations ...................................................... 48Section 3.3 Lessee Responsibility.......................................................................... 50Section 3.4 FAA Airport Privatization Pilot Program ........................................... 50Section 3.5 No Encumbrances ............................................................................... 53Section 3.6 Single Purpose Covenants................................................................... 54Section 3.7 Rights of the Authority to Access and Perform Work at the LMMAirport Facility.................................................................................... 55Section 3.8 LMM Airport Facility Cash Reserves................................................. 58Section 3.9 Coordination ....................................................................................... 58
 
TABLE OF CONTENTS(
c
ontinu
e
d)
700012637
 -ii-Section 3.10 No Entry on Authority Property ......................................................... 59Section 3.11 Payment of Taxes ................................................................................ 59Section 3.12 Utilities ................................................................................................ 60Section 3.13 Negotiations with Governmental Authorities ..................................... 60Section 3.14 Notices of Defaults and Claims .......................................................... 61Section 3.15 Assignment of Operating Agreements and Plans ............................... 61Section 3.16 Name ................................................................................................... 62Section 3.17 Police, Fire and Emergency Services; Access Rights ......................... 63Section 3.18 Other Actions by Governmental Authorities ...................................... 65Section 3.19 Hotel Operations and Litigation Pending Resolution ......................... 65Section 3.20 CAF Operations and Litigation Pending Resolution .......................... 66Section 3.21 Puerto Rico Air National Guard Property Option............................... 67Section 3.22 Other Aviation Services ...................................................................... 69
0<,"*2(&H&*0.",02&.<-1(*,8&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&JK&
Section 4.1 Lessee Responsibility for Capital Projects ......................................... 69Section 4.2 Authorizations Related to General Accelerated Upgrades ................. 70Section 4.3 Authority Responsibility for Affected Property ................................. 70Section 4.4 Condition of the LMM Airport Facility During Work ....................... 70Section 4.5 Airline Capital Improvement Contracts .............................................. 71
0<,"*2(&3&9-$"7"*0,"-#8&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&I6&
Section 5.1 Agreed Modifications ......................................................................... 71Section 5.2 Required Modifications ...................................................................... 72Section 5.3 Implementation of Modifications ....................................................... 73Section 5.4 Acquisition or Condemnation by Authority of Additional Lands ...... 73
0<,"*2(&J&-.(<0,"#%&8,0#$0<$8&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&I3&
Section 6.1 Compliance with Operating Standards ............................................... 75Section 6.2 Modified Operating Standards ............................................................ 76
0<,"*2(&I&0"<.-<,&7((8&0#$&<(F(#+(8&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&IL&
Section 7.1 Generally ............................................................................................. 78Section 7.2 Specific Authorizations ....................................................................... 78
0<,"*2(&L&<(.-<,"#%E&0+$",8E&"#8.(*,"-#8&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&IK&
Section 8.1 Reports ................................................................................................ 79Section 8.2 Information ......................................................................................... 80Section 8.3 Inspection, Audit and Review Rights of the Authority....................... 81Section 8.4 Audits, Assistance, Inspections and Approvals .................................. 82Section 8.5 Reimbursement of Costs ..................................................................... 82
0<,"*2(&K&<(.<(8(#,0,"-#8&0#$&M0<<0#,"(8&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDD&LG&
Section 9.1 Representations and Warranties of the Authority ............................... 83

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->