Percentage Privilege Fee (PPF Clause Samples

Percentage Privilege Fee (PPF. A. The PPF is five (5%) percent of Company’s monthly Gross Receipts, as defined below, for the previous month as presented in Company's Monthly Statement of Gross Receipts. B. Company will not modify its accounting treatment or rename or redefine services or products that, under the terms of this Agreement, would be subject to the PPF. Company understands that Authority does not support the practice of directly transferring Company’s obligation for payment of the PPF due herein to its customers. Except as already referenced herein, Company agrees that if such additional charges or fees are collected from the customer for the purpose of collecting the PPF, such fees will be disclosed to the customer as “Company’s cost of doing business at the Airport” and will not be represented as an Airport tax.

Percentage Privilege Fee (PPF. The PPF is five (5%) percent of Company’s monthly Gross Receipts, as defined below, for the previous month as presented in Company's Monthly Statement of Gross Receipts. For any month that the PPF is greater than the MAPF, Company is responsible for paying the PPF amount in excess of the MAPF to Authority within 15 days from the date of Authority's invoice, commencing on the month following the first month of the Agreement. In the event the PPF does not exceed one-twelfth (1/12th) of the MAPF during any month in the term hereof, no PPF will be due and payable for that month.