(viii ) Notwithstanding any other provisions of this section, the amount of total cash deposits required to be maintained in the depository account of the bank may be reduced by one or both of the following: The amount of the security agreement in the form prescribed in this section in excess of the minimum coverage required by paragraph (b)(1) of this section an escrow with the designated bank of Federal, State, or municipal bonds or other securities, consisting of certificates of deposit issued by banks having a stated policy of redeeming such certificates before maturity at the request of the holder (subject only to such interest penalties or other conditions as may be required by law), or negotiable securities which are publicly traded on a securities exchange, all such securities to be made payable to the escrow account: Provided, That such other securities shall be substituted in an amount no greater than 80 percent of the total market value of the escrow account at the time of such substitution: And provided, further, That should the market value of such other securities subsequently decrease, from time to time, then additional cash or securities qualified for investment hereunder shall promptly be added to the escrow account, in an amount equal to the amount of such decreased value andĪppendix Appendix A to Part 380-Public Charter Operator's Surety Bond Under Part 380 of the Regulations of the Department of Transportation ( 14 CFR PART 380) Notification of change of operations or ownership.Ĭancellation or conditioning of the registration.
#CONTOUR AIRLINES AS PUBLIC CHARTER REGISTRATION#
Registration of Foreign Charter Operatorsĭepartment action on a registration application. Requirements Applicable to Direct Air CarriersĬharter not to be performed unless in compliance with this part 380. Substitution of direct air carrier's security or depository agreement. Major changes in itinerary or price refunds. Specific requirements for operator-participant contracts. General requirements for operator-participant contracts. Prospectus filing and related requirements.
Requirements Applicable to Charter Operators Prohibition on sale of round trips with open returns.Ĭharters conducted by educational institutions. Cancellation by charter operator and notice to participants.
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