Define: Concession Recovery Fee

How is Concession Recovery Fee defined in a legal contract?

• Concession Recovery Fee means a separate statement and charge for the Percentage Fee on Airport Customer invoices or rental agreements, which is not required, but will not be prohibited by [organization] provided that such Concession Recovery Fee meets all of the following conditions: It is permitted by Applicable Laws, including, the requirements of the United States Federal Trade Commission, from time to time, as well as any commitment to or contractual obligation by Concessionaire with the Attorney General of the State or any group of State Attorneys General; It shall be titled ""Concession Recovery Fee,"" ""Concession Recoupment Fee,"" or such other name as approved in advance by [organization] in writing; It must be shown on the Airport Customer rental car agreement and invoiced with other charges; It does not exceed [number]% of Gross Revenues from such transaction (the Concession Recovery Fee is included in Gross Revenues, including for purposes of this calculation); and Concessionaire shall neither identify, treat, or refer to the Concession Recovery Fee as a tax or levy, nor state or imply that [organization] is requiring the collection of such Concession Recovery Fee. Seen in 3 SEC filings
• Concession Recovery Fee means any surcharge or any amount that Operator separately states and charges its customers to recover the amount of Operator’s Percentage Fee that is payable under this Agreement. Operator acknowledges that its payment to [organization] under this Agreement is for Operator’s use of facilities and grant of rights at the Airport, and those payments do not reflect a fee that is imposed by [organization] upon customers renting from Operator. Seen in 2 SEC filings
• Concession Recovery Fee means the fee described in [clause] of [appendix] of this Agreement. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of concession recovery fee' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Concession Recovery Fee means a charge added to Airport Customer invoices or rental agreements, calculated as a percentage of Gross Revenues to recover specific operational costs.

Relevant Contract Types

• Airport Concession Agreements
• Rental Agreements
• Service Contracts

Relevant Circumstances

• Contracts regulating operations at an airport facility
• Contracts in which revenue is tied to a percentage of gross revenue
• Contracts where service or operations costs need to be recovered through customer fees

Relevant Sectors

• Aviation
• Car Rental
• Hospitality

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Genie Definition 2

• Concession Recovery Fee means a surcharge applied by the Operator to recoup certain payable fees.

Relevant Contract Types

• Concession Agreements
• Service Contracts

Relevant Circumstances

• Contracts where an operator pays a fee to an organization for certain rights or usage
• Contracts where an operator intends to recover costs from customers

Relevant Sectors

• Transportation
• Leisure and Hospitality
• Retail

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