Common use of Airport Development or Noise Compatibility Projects Undertaken by a Private Sponsor Clause in Contracts

Airport Development or Noise Compatibility Projects Undertaken by a Private Sponsor. The preceding paragraph 1 also applies to a private sponsor except that the useful life of project items installed within a facility or the useful life of the facilities developed or equipment acquired under an airport development or noise compatibility program project shall be no less than ten (10) years from the date of acceptance of Federal aid for the project.

Appears in 28 contracts

Sources: Airport Ground Lease, Airport Ground Lease, Airport Ground Lease

Airport Development or Noise Compatibility Projects Undertaken by a Private Sponsor. The preceding paragraph 1 (1) also applies to a private sponsor except that the useful life of project items installed within a facility or the useful life of the facilities developed or equipment acquired under an airport development or noise compatibility program project shall be no less than ten (10) years from the date of acceptance of Federal aid for the project.

Appears in 18 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Airport Development or Noise Compatibility Projects Undertaken by a Private Sponsor. The preceding paragraph 1 (1) also applies to a private sponsor except that the useful life of project items installed within a facility facility, or the useful life of the facilities developed or equipment acquired under an airport development or noise compatibility program project shall be no less than ten (10) years from the date of acceptance of Federal aid for the project.

Appears in 2 contracts

Sources: Airport Infrastructure Grant Agreement, State Block Grant Agreement