The National Academies Press

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Pages 26-29

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From page 26... ... 26 A qualified consulting or law firm may be engaged by the stakeholders to prepare the consortium documents. The firm selected to produce the consortium documents should initially meet with the stakeholders to understand the context of the consortium, and to discuss the findings and recommendations of the feasibility study. Read the entire page →
From page 27... ... Prepare Agreements 27 The member agreement, or its equivalent, will serve as the primary governing document for the consortium and its members. Key provisions should define the following: • Effective date and term of the consortium • Purposes of the consortium • Membership requirements and procedures • Capital contribution requirements • Member withdrawal procedures • Events of default • Consequences of default • Member termination provisions • Member access to and use of the consortium's facilities, equipment, systems, and services • Member indemnification provisions • Consortium governance including officers, committees, and voting • Annual budget presentation and approval process • Member cost allocations and invoicing • Operating reserve specifications • Books and records The non-member access agreement, or its equivalent, will serve to allow non-member airlines and handling companies to access and use the facilities, equipment, systems, and services controlled by the consortium. Read the entire page →
From page 28... ... 28 A Guidebook for Airport-Airline Consortiums In-progress submittals of the documents described above are provided to the stakeholders during the document drafting process. The drafting, review, and approval process for consortium documents can range from a few weeks to a few years, depending on the circumstances. Read the entire page →
From page 29... ... Prepare Agreements 29 and construction responsibility for $59,200,000 of facilities, equipment, and systems, and provides for the payment of the associated debt service. The agreement also delegates the responsibility for the operation and maintenance of the designated facilities, equipment, and systems. Read the entire page →

From page 26...

... 26 A qualified consulting or law firm may be engaged by the stakeholders to prepare the consortium documents. The firm selected to produce the consortium documents should initially meet with the stakeholders to understand the context of the consortium, and to discuss the findings and recommendations of the feasibility study.

Read the entire page →

From page 27...

... Prepare Agreements 27 The member agreement, or its equivalent, will serve as the primary governing document for the consortium and its members. Key provisions should define the following: • Effective date and term of the consortium • Purposes of the consortium • Membership requirements and procedures • Capital contribution requirements • Member withdrawal procedures • Events of default • Consequences of default • Member termination provisions • Member access to and use of the consortium's facilities, equipment, systems, and services • Member indemnification provisions • Consortium governance including officers, committees, and voting • Annual budget presentation and approval process • Member cost allocations and invoicing • Operating reserve specifications • Books and records The non-member access agreement, or its equivalent, will serve to allow non-member airlines and handling companies to access and use the facilities, equipment, systems, and services controlled by the consortium.

Read the entire page →

From page 28...

... 28 A Guidebook for Airport-Airline Consortiums In-progress submittals of the documents described above are provided to the stakeholders during the document drafting process. The drafting, review, and approval process for consortium documents can range from a few weeks to a few years, depending on the circumstances.

Read the entire page →

From page 29...

... Prepare Agreements 29 and construction responsibility for $59,200,000 of facilities, equipment, and systems, and provides for the payment of the associated debt service. The agreement also delegates the responsibility for the operation and maintenance of the designated facilities, equipment, and systems.

Read the entire page →

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