Common use of Monthly Activity Reports Clause in Contracts

Monthly Activity Reports. Virgin will provide to the Authority, within 5 Business Days after the close of each month, a report giving: (a) the number of launches/takeoffs and landings; (b) the number of Astronauts enplaning at the Spaceport; and (c) other information that may be necessary to calculate and assess User Fees at the Spaceport (the “Monthly Activity Report”). The Monthly Activity Report will be in a form mutually agreed to by the Authority, Virgin and, as applicable, other Tenants. Failure to provide the Monthly Activity Report to the Authority will entitle the Authority to develop its own estimate of activity using the prior month’s activity, if any, and any difference between the amounts estimated by the Authority and actual activity levels will be incorporated as credits or deficits in the following months.

Monthly Activity Reports. Virgin will provide to the Authority, within 5 Business Days after the close of each month, a report giving: (a) the number of launches/takeoffs and landings; (b) the number of Astronauts A stronauts enplaning at the Spaceport; and (c) other information that may be necessary ne cessary to calculate and assess User Fees at the Spaceport (the “Monthly Activity Report”R eport ). The Monthly Activity Report will be in a form mutually agreed to by the AuthorityAuthori ty, Virgin and, as applicable, other Tenants. Failure to provide the Monthly Activity Report R eport to the Authority will entitle the Authority to develop its own estimate of activity using u sing the prior month’s month s activity, if any, and any difference between the amounts estimated by the Authority and actual activity levels will be incorporated as credits or deficits in the following follo wing months.