The Governments of Belgium, Canada, Denmark, France, The Federal Republic of Germany, Iceland, Israel, Italy, The Netherlands, Norway, Sweden, Switzerland, The United Kingdom of Great Britain and Northern Ireland and The United States of America, being members of the International Civil Aviation Organization,
DESIRING to conclude an agreement for the joint financing, in accordance with the terms and subject to the provisions of Chapter XV of the Convention on International Civil Aviation, of certain Air Navigation Services to be provided by the Government of Denmark,
In the event of termination of this Agreement by the Government of Denmark pursuant to the provisions of paragraph 1 of Article XXII, that Government shall pay to the Organization, or the Organization may offset against payments due to that Government hereunder, a sum representing equitable compensation for benefits to it from its acquisition, for its own purposes, of moveable or immoveable property, the cost of which has been partially or wholly reimbursed to that Government under the provisions of this Agreement.
In the event of termination of this Agreement by Contracting Governments other than the Government of Denmark, the Government of Denmark shall be paid out of the Reserve Fund or, if the Fund is insufficient, by all the Contracting Governments through the Organization, an equitable amount by way of compensation for capital expenditures undertaken by that Government and not wholly reimbursed pursuant to this Agreement. Any payments required from Contracting Governments for this purpose shall be computed on the basis of the most recent assessment figures and shall be due as of the time of termination. The Organization shall have the right to take over any moveable property for which compensation is paid pursuant to this paragraph. Any waiver of such right shall be taken into account in determining the compensation.
The provisions of paragraph 2 of this Article shall apply correspondingly in respect of any part of the Services which may be excluded from the Agreement pursuant to the provisions of paragraph 5 of Article XIII.
The amount of any payments under this Article shall be determined by agreement between the Council and the Government of Denmark.
Agreement on the Joint Financing of Certain Air Navigation Services in Greenland
Article I
Article II
Article III
Article IV
Article V
Article VI
Article VII
Article VIII
Article IX
Article X
Article XI
Article XII
Article XIII
Article XIV
Article XV
Article XVI
Article XVII
Article XVIII
Article XIX
Article XX
Article XXI
Article XXII
Article XXIII
Article XXIV
Article XXV
Article XXVI
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