Privilege Fees. For the privilege of operating a non-exclusive valet parking concession at the Airport during the Term, Operator agrees to pay to Authority “Privilege Fees" for each Contract Year the greater of (i) the Minimum Annual Guarantee or (ii) the Percentage Fees applied to Operator’s Gross Revenues for said Contract Year all as hereinafter described, plus in either case applicable sales tax.
Appears in 3 contracts
Sources: Valet Parking Concession Agreement, Valet Parking Concession Agreement, Valet Parking Concession Agreement