Delta Airlines 2010 Annual Report Download - page 370

January 1, 2020, the Post-DBO Rent shall be the greater of the rent calculated in accordance with (x) the Cost Allocation Methodology established
pursuant to Section V below, or (y) the Percentage Methodology established pursuant to Section VI below; provided that, if at any time the Delta
Premises includes sixteen (16) Delta Gates located in Original Terminal 4, then (i) for each Annual Period (or portion thereof) Delta shall receive a
credit against the Post-DBO Rent in an amount equal to 100% of the revenues of IAT during such period less (x) the revenues derived under the
Concession Subleases during such period, and (y) revenues derived by IAT from the operation and management of the Terminal 3 Site during such
period, and (ii) credits or payments for the Terminal 4 Gate Turn Fee and the Terminal 4 Hardstand Use Fee shall no longer be made.
Post-DBO Rent for each Annual Period shall be determined annually in advance in connection with the preparation of the Budget, and reconciled in
accordance with Section 7.04. Post-DBO Rent shall be pro-rated for any partial Annual Periods based on a 360 day year as follows: (i) if Phase I DBO does
not occur on the first day of an Annual Period, for the Annual Period during which Phase I DBO occurs, and (ii) if the Term ends on a day other than the last
day of an Annual Period, for the Annual Period during which the Term ends. If changes to Post-DBO Rent are required during an Annual Period as a result of
the addition of Delta Gates pursuant to clauses (1), (2), or (3) above, the applicable Post-DBO Rent for each portion of the applicable Annual Period shall be
pro-rated based on a 360 day year. Post-DBO Rent shall be paid in equal monthly installments over the applicable Annual Period, or, if applicable, partial
Annual Period.
I. Categories of Costs:
A. Components of "Fixed Costs" and assigned definitions:
• "Ground Rental" is defined in the Port/IAT Lease.
• "Capital Charge" means an amount equal to $85,400,000 per annum, which such amount is in lieu of any allocation to Delta of Facility Rental (as
such term is defined in the Port/IAT Lease), or any amounts under that certain Supplemental Lease Agreement No. 1 to the Port/IAT Lease that
became an Additional Investment pursuant to, and as defined in, that certain Supplemental Lease Agreement No. 2 to the Port/IAT Lease in
connection with the completion of Terminal 4.
• "Additional Capital Charge" means, initially, an amount equal to $2,135,000. Commencing on December 1, 2013 and on the first day of each
Annual Period thereafter, an amount shall be added to the then applicable Additional Capital Charge equal to (1) the sum of (i) the preceding Annual
Period's Additional Capital Charge plus (ii) the Capital Charge, multiplied by (2) the greater of (x) 2.5%, or (y) one-half of any CPI increase
(expressed as a percentage) over the prior Annual Period; provided that the Additional Capital Charge will be adjusted, if applicable, upon the final
determination of any applicable CPI increase.
• "Lessee Terminal Management Funds" is defined in the Port/IAT Lease.
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