Furthermore, the Lease Agreement contains an "adverse action" clause, which provides for payments by the PRPA to Aerostar in the event that any Puerto Rico governmental authority takes an action that is expected to be principally borne by Aerostar, private operators of comparable public airports or certain other classes of parties and that has a material and adverse effect on Aerostar's lease interest in LMM Airport. Payments to Aerostar as a result of an "adverse action" are guaranteed by the Government Development Bank of Puerto Rico.The text of the Lease and Use Agreements is available at the website of the Puerto Rico P3 Committee at http://www.app.gobierno.pr/?page_id=121. ASUR continues to evaluate the accounting treatment of its investment in Aerostar.
ASUR Announces That Aerostar Signs Lease For Luis Munoz Marin Airport
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.