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SCHEDULE 7-4
Definition of "Adjusted Terminal Management Fee"
For purposes of this Schedule 7-4 only, capitalized terms not otherwise defined herein shall have the meaning set forth in the JFK IAT Member LLC
Agreement (defined below), and the following terms shall have the following meanings:
"Alternative Annual Period" means a twelve-month period (or portion thereof) during the term of the Port/IAT Lease beginning on December 1 and
ending on November 30, the first such period which commenced on the JFK IAT Effective Date.
"Base Fee" means the amount for any Semi-Annual Period that would be payable to IAT for such period (or portion thereof), regardless of whether there is
sufficient Available Net Cash Flow to pay such amount, pursuant to Section 8(I)(c)(2) of the Port/IAT Lease as a Subordinated Funding (as such term is
defined in the Port/IAT Lease) in respect of ninety percent (90%) of the Lessee Terminal Management Funds (as such term is defined in the Port/IAT Lease).
"Existing Terminal 4 Square Footage" means 1,536,730 square feet.
"JFK IAT Member LLC Agreement" means that certain Second Amended and Restated Limited Liability Company Agreement of JFK IAT Member,
dated as of December __, 2010, as the same has heretofore been amended, supplemented or otherwise modified.
"JFK IAT Effective Date" means the "Effective Date" as such term is defined in the JFK IAT Member LLC Agreement.
"JFK Passengers" means, for any Semi-Annual Period, the "JFK Total Passengers" including revenue, non-revenue, international and domestic
passengers, shown in the Annual Traffic Report for such period published by the Port Authority.
"T3/T4 Passengers" means, for any Semi-Annual Period, all revenue, non-revenue, international, territorial and domestic passengers, who board or
disembark during such period from an aircraft, on either scheduled or non-scheduled service, at Terminal 3 or Terminal 4.
"Terminal 4 Square Footage" means the gross square footage comprising Terminal 4 as existing from time to time, calculated on a basis consistent with
the basis used to calculate the Existing Terminal 4 Square Footage.
For purposes of this Agreement, "Adjusted Terminal Management Fee" means the following:
(a) Semi-Annual Period that includes Phase I DBO. With respect to the Semi-Annual Period in which Phase I DBO occurs, the portion of such period from
and including Phase I DBO and ending on the day immediately preceding the first day of the Semi-Annual Period commencing on or after Phase I DBO shall
be hereinafter referred to as the "Post DBO Stub Period." The Adjusted Terminal Management Fee for the Semi-Annual Period in which Phase I
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