Service Year definition
Examples of Service Year in a sentence
Each 12 month period after the Effective Date will be defined as a “Service Year”, e.g. Months 1-12 will constitute Service Year 1 and months 13-24 will constitute Service Year 2, etc.).
The Independent Auditor shall be mutually selected by the Parties and shall be engaged on or before the first day of the ninth full calendar month before the end of the tenth Service Year.
Cost Plus Transaction Fees shall be the same for all User Classifications and for all Transactions in the same Service Year, regardless of the amount of the toll for such Transactions.
If the Parties cannot agree on the selection of the Independent Auditor by the date referenced above, or if any dispute should arise between the Parties concerning any determination of the Cost of TxDOT’s Services or the number of Transactions in respect of any Measurement Period or the Cost Plus Transaction Fee for any Service Year, either Party may initiate a proceeding under Section 20 to resolve such disagreement or dispute.
Base Transaction Fees shall be the same for all User Classifications and for all Transactions in the same Service Year, regardless of the amount of the toll for such Transactions.