Tolling Method Change definition

Tolling Method Change means (a) the approval or directive of TxDOT to operate the Toll Lanes in Dynamic Mode pursuant to Section 7(a) of Exhibit 10 or (b) the approval or directive of TxDOT to use Image-Based Billing pursuant to Section 10(a) of Exhibit 10 or Section 14.5.7(a).
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Tolling Method Change means (a) TxDOT’s grant to Developer of permission to operate the Toll Lanes in Dynamic Mode pursuant to Section 7(a) of Exhibit 10 or (b) TxDOT’s grant to Developer of permission to use Image-Based Billing pursuant to Section 10(a) of Exhibit 10.
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Examples of Tolling Method Change in a sentence

  • The second forecast shall be supported by a traffic and revenue study and analysis showing the projected effects of the Tolling Method Change relative to the first forecast.

  • Any request by Developer to implement a Tolling Method Change shall be considered by TxDOT in accordance with the applicable provisions of Exhibit 10.

  • For clarity, the intent of the foregoing calculation is to provide payment to TxDOT equal to 80% of the nominal aggregate forecasted Annual Tolling Method Gains, but not to exceed in any year the difference between actual Net Project Cash Flows following the Tolling Method Change and forecasted Net Project Cash Flows without the Annual Tolling Method Gain for that year.

  • The forecasts made for the second Tolling Method Change will take into account then-prevailing conditions, which would reflect the impacts actually realized from the first Tolling Method Change (whether those impacts are greater than or less than the impacts previously forecasted for the first Tolling Method Change).

  • The independent firm shall prepare two forecasts of annual Net Project Cash Flows for the period from the date of implementation of the Tolling Method Change through the end of the Term.

  • The two forecasts shall use the same formulas, data, economic indicators, inputs, and assumptions, except that the first forecast shall assume that the Tolling Method Change is not implemented (the “first forecast”) and that the second forecast shall assume that the Tolling Method Change is implemented (the “second forecast”).

  • In determining whether to permit a Tolling Method Change, ▇▇▇▇▇ may consider, among other things, whether TxDOT agrees with ▇▇▇▇▇▇▇▇▇’s calculation of the Tolling Method Gain or the traffic and revenue study and whether TxDOT determines the Tolling Method Gain to be sufficient compensation to TxDOT to permit the Tolling Method Change.

  • Developer shall include with such request Developer’s calculation of the anticipated Tolling Method Gain and any back-up documentation for its calculation, including at a minimum a true and complete copy of a preliminary traffic and revenue study and analysis showing the projected effects (including data on past Toll Revenues and projected future Toll Revenues with and without the potential Tolling Method Change) and a reasonably detailed statement quantifying such effects.

  • For the avoidance of doubt, an overlapping of “bands” could occur (i.e., because the impacts actually realized from the first Tolling Method Change were less than forecasted), but Developer continues to be obligated to pay the amount calculated for each Tolling Method Change.

  • For the avoidance of doubt, a Tolling Method Change shall not be grounds for a Relief Event, Compensation Event or other Claim if required by TxDOT pursuant to Exhibit 10.

Related to Tolling Method Change

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Compounding Methodology Supplement means, in relation to the Daily Non-Cumulative Compounded RFR Rate or the Cumulative Compounded RFR Rate, a document which:

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that (x) subject to Section 5.03(A)(iii), the Company may, from time to time, change the Default Settlement Method, to any Settlement Method that the Company is then permitted to elect, by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent; and (y) the Default Settlement Method will be subject to Section 5.03(A)(ii).

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.