Common use of Percentage Privilege Fee (PPF Clause in Contracts

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. 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 customersCompany’s Customers. Except as already referenced herein, Company agrees that if such additional charges or fees are collected from the customer Company’s Customer for the purpose of collecting the PPF, such fees will be disclosed to the customer Company’s Customer as “Company’s cost of doing business at the Airport” and will not be represented as an Airport tax.