Common use of Rail System Clause in Contracts

Rail System. The Authority has entered into an agreement with the Commonwealth of Virginia pursuant to which (i) the Authority is operating the Dulles Toll Road and using the revenue from the Dulles Toll Road to fund, in conjunction with other funding entities, the planning, design and construction of a Rail System to Dulles Airport and (ii) the Authority is responsible for the design and construction of the Rail System. The Authority and the Airline have mutual interests regarding the potential financial impact of the Rail System on the cost of operating Dulles. In view of these interests, it is agreed as follows: 10.10.1 Unless and until additional costs are agreed upon in writing by the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center, the aggregate of all capital costs of the Rail System to Dulles which the Authority may pay from Revenues is ten million dollars ($10,000,000) over the Period of this Agreement and all such capital costs shall be allocated to the Dulles ground transportation cost center, and 10.10.2 Unless and until such costs are agreed upon in writing by the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center, no operation and maintenance costs associated with the Rail System may be paid from any sources other than the Authority's share of Net Remaining Revenue in the Authority's Capital Fund.

Appears in 2 contracts

Sources: Airport Use Agreement and Premises Lease, Airport Use Agreement and Premises Lease