a. Payment The concessionaire shall make annual payments to TAIT as follows: Concession Fee Equal to the greater of the “Minimum Annual Guarantee” (as defined in the Agreement) or 10% of "Gross Revenue" (as defined in the Agreement) The MAG for the First Agreement Year will be the MAG Proposal amount contained in the Proposal Form attached to this RFP. Commencing with the Second Agreement Year and each year thereafter, the MAG will be 85% of the previous year’s concession fees payable but never less than the amount of the concessionaire’s First Agreement Year MAG amount. Rent In-Terminal Counter Space: $125.18 per square foot per year (“psfpy”), payable in equal monthly installments In-Terminal Office Space: $93.88 psfpy, payable in equal monthly installments Ready/Return Area: $3.00 per space per month payable in equal monthly installments Quick Turnaround Area (QTA) ground rent: $0.62 psfpy, payable in equal monthly installments All rent is adjusted annually effective July 1 by the increase in the Price Index (as defined in the Agreement). This is published in the Airport’s Rates, Fees, and Charges for the fiscal year. Customer Facility Charge (CFC) TAIT will be adopting a CFC enabling Resolution, imposing a Customer Facility Charge (CFC). CFCs are collected by the rental car concessionaires and remitted monthly to the Airport for use by the Airport in accordance with the Airport’s CFC Resolution as may be amended from time to time. Construction Responsibilities of Successful Proposers The Successful Proposer shall accept the Premises in "as-is" condition with absolutely no warranties as to condition or suitability for use being given by the Airport and shall release the Airport from any liability in connection with such condition. However, the Airport will retain its regulatory obligations to remediate any environmental contamination or environmental conditions existing prior to the occupancy of the Successful Proposer except to the extent the Successful Proposer previously caused or exacerbated the same. The Successful Proposer’s acceptance of the Premises shall be conclusive evidence that it has accepted the same in "as is, where is, and with all faults" condition and that the Premises were in good and satisfactory condition for the use intended at the time such possession was taken. The Successful Proposers shall be solely responsible for the design, construction, and maintenance of required improvements to its Premises in accordance with all applicable federal, State of Oklahoma, and local laws, as well as the Airport’s requirements.