Traffic Signal Clause Samples
The Traffic Signal clause establishes the rules and responsibilities regarding the installation, maintenance, and operation of traffic signals within a specified area or project. Typically, this clause outlines which party is responsible for ensuring that traffic signals are properly installed, meet regulatory standards, and are maintained in good working order throughout the duration of the agreement. For example, it may require a contractor to install new signals at an intersection or obligate a municipality to maintain existing signals during roadwork. The core function of this clause is to ensure the safe and efficient management of traffic flow, thereby reducing the risk of accidents and confusion during construction or development activities.
Traffic Signal. Landlord and Tenant agree that the cost to install a traffic signal (the "Signal") at the intersection of Koll Parkway, Walker R▇▇▇ and SW 15▇▇▇ ▇▇enue shall be treated as a Special Common Area Assessment pursuant to the Declaration of Covenants, Conditions and Restrictions dated March 12, 1986, as amended by First Amendment thereto dated October 28, 1996 and Section Amendment thereto dated March 13, 1998 (collectively, the "Declaration"), which Declaration encumbers the Property and other property. Once the Signal has been installed and is operational (the "Signal Completion Date"), Landlord shall furnish to Tenant a statement in commercially reasonable detail showing the portion of the cost to install such Signal (the "Signal Cost") that is allocated to the Property as a Special Common Area Assessment pursuant to the Declaration and, upon request from Tenant, shall furnish copies of invoices received and paid by Landlord in connection with the installation of the Signal. Tenant agrees to reimburse Landlord for the portion of the Signal Cost allocated to the Property, provided, however, that, except as provided herein, Tenant shall not be required to pay such cost in a lump sum, but rather such cost, together with a financing charge of ten percent (10%) per annum, shall be amortized over an estimated useful life of ten (10) years and Tenant shall reimburse Landlord for such cost by paying Landlord in equal monthly installments beginning on the first day of the second calendar month following the Signal Completion Date (or on the first day of the next calendar month if the Signal Completion Date is the first day of a calendar month) and on the first day of each month thereafter during the remaining term of this Lease that portion of such cost attributable to the month preceding such payment based on such amortization plan. If the Signal Completion Date is a day other than the first day of a calendar month, then on the first day of the calendar month following the Signal Completion Date, Tenant shall pay to Landlord interest at the rate provided herein from the Signal Completion Date through the last day of the month in which the Signal Completion Date occurs. In the alternative, Tenant shall have the right to prepay all or any portion of the outstanding balance of such cost at any time without any prepayment charge. If Tenant purchases the Property pursuant to the Option to Purchase in this Lease and the Signal has been installed and is operational, upon t...
Traffic Signal. DelDOT, when justified by an approved engineering study, shall install, operate, maintain, modify and/or remove (collectively “install and maintain” or “installation and maintenance”) a traffic control signal (“Signal”) on a portion of the Owner’s Property as shown on Exhibit “A”. The decision as to the need of a signal at a particular location shall be determined by DelDOT in its sole discretion.
Traffic Signal. The City of Burbank has not made a written request that Seller make any payment of fees for the installation of a traffic signal at the entrance of the Project on ▇▇▇▇▇▇▇▇ Avenue, pursuant to the First Amendment to Development Agreement recorded as Instrument No. ▇▇-▇▇▇▇▇▇▇. For the purposes of this Agreement, whenever a representation or warranty or other reference is made in this Agreement on the basis of the knowledge of Seller or words of similar import, such representation, warranty or reference is made solely on the basis of the actual, as distinguished from implied, imputed and constructive, knowledge on the date that such representation or warranty is made, without inquiry or investigation of (i) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇ ▇▇▇▇▇▇▇, but excluding any such knowledge that is based on facts disclosed in writing to or otherwise actually known by ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, the individual within the employ of Purchaser responsible for overseeing the purchase of the Property from Seller, prior to the Closing Date. Subject to the foregoing limitations, the knowledge of Seller shall be deemed to include the knowledge of Operating Lessee. Purchaser shall be entitled to interview the current general manager of the Hotel with regard to the matters set forth in this Section 5.01, but the knowledge of the general manager or any other Employee which is not known to Seller or Operating Lessee shall not be imputed to Manager, Seller or Operating Lessee and the comments of the general manager or any other Employee shall not constitute a representation of the Manager or Seller. The representations and warranties of Seller as set forth in or made pursuant to this Section 5.01 shall survive the Closing Date for the Survival Period (as hereinafter defined) and shall not be deemed merged into any instrument of conveyance delivered at the Closing.
Traffic Signal. Developer shall fund and install a new traffic signal at the Project entry location on Avalon Boulevard between the I-405 interchange and 213th Street, in accordance with plans approved by the City’s Director of Public Works or his or her designee, which shall include approval of the projected costs. Developer will be eligible for reimbursement of up to 50% of the approved costs of the new traffic signal by City upon completion of the comprehensive redevelopment of the ▇▇▇▇ site (located to the east of the Property, north of E. ▇▇▇▇▇ ▇▇. ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇. to the I-405 freeway). Developer shall submit plans for the traffic signal with an estimate of the cost prior to issuance of the first building permit issued for the Project and shall complete installation prior to issuance of the first Project certificate of occupancy.
Traffic Signal. SC-4.1 "Traffic Signal " shall be measured as lump sum for installing and programming a complete and operational traffic signal system, including traffic signal heads, mast arms and poles, pedestal poles, bases, vehicular detection system, emergency vehicle detection, pedestrian detection, wiring, street lighting and additional appurtenant items and related work necessary for the construction of the improvements to provide a finished product as intended by the Contract Documents. SC-4.2 Payment shall be made at the contract unit price bid as shown in the Bid Form for “Traffic Signal.” Payment shall be full compensation for furnishing and installing all materials and appurtenant work.
Traffic Signal. OWNER shall design and install a traffic signal and associated roadway improvements at ▇▇▇▇▇▇ Road and ▇▇▇▇▇ ▇▇▇▇▇▇▇ Avenue. Construction of the intersection and signal improvements shall commence prior to or concurrently with the in-tract improvements and be completed prior to certificate of occupancy of the first production (for sale) unit. Work shall include but is not limited to: installation of 8-phase signal, opening the median on ▇▇▇▇▇▇ Road, installation of turn pockets, ADA improvement on the north side of ▇▇▇▇▇▇ Road, landscaping, road restriping, road rehabilitation and special emergency vehicle preemption as determined by the City, and signal interconnect from the Pioneer/▇▇▇▇▇▇ intersection to the HLA/▇▇▇▇▇▇ signal. Final intersection reconfiguration shall consist of: Westbound left turn Eastbound left turn Two westbound thru lanes to remain Two eastbound thru lanes to remain Northbound left Northbound thru/left Southbound left Southbound thru/left OWNER may request and enter into a reimbursement agreement with the City for all improvements except landscaping and the ADA improvements on the south side to be reimbursed from the City impact fee program. The ADA improvements on the south side can be reimbursed from the SLIF CIP.
Traffic Signal. The Parties acknowledge the Tennessee Department of Transportation (“TDOT”) will undertake a project to raise the elevation of Tennessee Waltz Pkwy (SR 455) (the “Parkway”) so that the Parkway can cross the top of the levee constructed as part of the Levee Project (the “TDOT Project”) and the TDOT Project will require the closing of a portion of the Parkway for an extended period of time. The Parties agree that a traffic light at the intersection of State Route 12 and the Parkway (the “Traffic Light”) could reduce the impact on traffic resulting from the closing of a portion of the Parkway and a traffic study should behas been undertaken in order to determine whether the Traffic Light would be warranted and could be permitted by TDOT (the “Traffic Study”). The Company agrees to reimburse the Town for the cost of the initial phase of the Traffic Study in an amount not to exceed $20,000.00. The Company shall pay the costs of the Traffic Study to the Town within thirty (30) days of receipt of the reasonable documentation of the costs of the Traffic Study from the Town. The Parties agree that in the eventsince the Traffic Study determines that the Traffic Light wouldwill be warranted, then and TDOT has advised the Town and the Company shall install the Traffic Light recommended in the Traffic Study during the construction of the Levee Project. Following thethat it has no objection to the installation of the Traffic Light, then the Company shall convey the Traffic Light toreimburse the Town and the Town shall be responsible for the costs of the operation, maintenance and replacementdesign and installation of the Traffic Light within thirty (30) days of receipt of the reasonable documentation of the costs of the design and installation of the Traffic Light from the Town.
Traffic Signal. Using the traffic obtained in Section 11, C, prepare a traffic signal warrant analysis based on the current Texas Manual on Uniform Traffic Control Devises (MUTCD) at the following intersections: Texas Avenue/E 27th Street Texas Avenue/E ▇▇▇▇ ▇▇▇▇▇▇ Based on the recommendation and acceptance by the City and TxDOT, implement each proposed traffic signal improvement within existing TxDOT ROW. Identify and prepare Traffic Signal Plans using City Standards for warranted traffic signals and the following intersections: Highway 21 ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Street E 27th Street East 23rd Street ▇▇▇▇▇▇ St Twin Blvd/Post Office Street Oak Street Sulfur Springs Road/Eagle Pass Street East North Avenue/Broadmoor Drive North ▇▇▇▇▇▇▇▇ Drive Confirm the power source for new signals and coordinate with the appropriate utility agency. Traffic Signal Plans must be signed and sealed by a Texas Registered Professional Engineer. Develop quantities, general notes, specifications and incorporate the appropriate agency standards required to complete construction. Traffic signal poles, fixtures, signs, and lighting must be designed per the Green Ribbon Report recommendations and standards. Provide the following information in the Traffic Signal Plans:
Traffic Signal. A. It is anticipated that the ▇▇▇▇▇ ▇▇▇▇▇ South Development will generate vehicular traffic that will necessitate the installation of traffic signal(s) at the intersection of Heritage Avenue and Cheek ▇▇▇▇▇▇▇ Road. Upon execution of this Agreement the Developer shall deposit fifty thousand dollars ($50,000) into an escrow account to be held by the City to apply towards the future installation of these traffic signal(s).
B. The City will be responsible for the installation of traffic signal(s) at the intersection of Heritage Avenue and Cheek ▇▇▇▇▇▇▇ Road at such a time that the City determines that traffic signal(s) are required. The City shall pay for the cost of such installation of said traffic signal(s) by using, in part, the monies escrowed by the Developer. Upon completion of installation, any amounts not expended by the City shall be refunded to the Developer.
C. If any of the escrowed amounts for installation of traffic signal(s) have not been expended by the City within ten (10) years from the date of this Agreement, the Developer may request that such amounts be refunded to the Developer. If no request for refund has been received by the City by May 12, 2027, such remaining escrow funds may be used by the City for any lawful purpose.