Toll Rates. (a) The Concessionaire will impose congestion pricing on the HOT Lanes, which may include dynamic tolling with potential toll rate changes at frequent intervals and there will be no restrictions on toll rates, except as set forth in this Article 5. The Concessionaire’s congestion pricing methodology:
Toll Rates. (a) The toll rates charged to each category of user will be set in accordance with the Toll Rate Schedule and any escalation thereof will comply with the provisions of the Toll Rate Schedule; provided, that the Concessionaire may adopt and implement discount programs and any other promotional incentives agreed upon in writing by the parties in advance of the implementation of such programs or incentives for different classes or groups of persons using the Project, subject to the provisions of Section 24.01.
Toll Rates. (a) The Developer will impose congestion pricing on the Express Lanes, which may include dynamic tolling with potential toll rate changes at frequent intervals and there will be no restrictions on toll rates, except as set forth in this Article 5. The Developer’s congestion pricing methodology:
Toll Rates. The Section Developer shall be responsible for setting and calculating the Toll Rate applicable to each vehicle in the Priced Managed Lanes in the State. There shall be no restrictions on the Base Toll Rate except as set forth in Appendix 2 (Toll Rate Setting). The Section Developer shall, at all times, set the Base Toll Rate and operate the Priced Managed Lanes in compliance with the provisions of applicable law (including, if the lanes are operating as High-Occupancy Toll (HOT) lanes, 23 U.S.C. §166) and ensure that the average speed of travel on the Priced Managed Lanes is 45 mph or greater, provided that the Section Developer shall not be in breach of this provision to the extent that required operating speeds were not met on any part of the Section at times when that part of the Section is operating at a Base Toll Rate set at the Toll Rate Range Maximum.1 In the event (i) there is the occurrence of certain minimum traffic conditions or average speeds to be defined in the Tolling Services Agreement, (ii) the Section Developer is unable to comply with the requirements set out in the above paragraph, or (iii) either party reasonably believes that the Section Developer will be unable to comply with the requirements set out in the above paragraph within the next [] years, then the Section Developer, MDOT, and MDTA shall consult with respect to possible methods of improving the performance of the Priced Managed Lanes, including: increasing the occupancy requirement for HOVs, making changes to the Permitted Vehicles, increasing the capacity of the facility, or increasing the Toll Rate Range Maximum; provided that MDTA gives no commitment to implement such changes and shall be under no obligation to take any action relating to the same.
Toll Rates. (a) The toll rates throughout the first calendar year following Service Commencement shall be the Initial Toll Rates set forth on the Toll Rates Schedule attached as Exhibit B-5.
Toll Rates. Pursuant to Section 57-5-1340 of the Code, SCDOT has fixed the toll rates for the Southern Connector at those rates assumed from time to time to be in effect in Figure 4.4.1 of the Stantec Traffic Study, and SCDOT hereby ratifies the foregoing. Such rates are set forth on Exhibit 3. The Master Trust Indenture contains provisions permitting or requiring the Association to cause the toll rates to be modified. The toll rates for the Southern Connector may be revised from time to time to the Optimum Rates as follows:
Toll Rates. The Transportation Cabinet will at least annually, prior to June 30 of each Fiscal Year (as defined in the Indenture), review the financial condition of the System (as defined in the Indenture), the anticipated Total System Expenses (as defined in the Indenture), Debt Service Reserve Requirement (as defined in the Indenture), various reserves and other costs of the System (as defined in the Indenture), and proceed in a timely fashion to recommend to the Tolling Body any required adjustment to the Toll Rate Schedule (as defined in the Indenture) it determines is necessary for the Borrower to comply with Section 708(a) of the Indenture to provide sufficient Authority System Revenue to fund amounts required to be deposited and maintained in the Funds and Accounts (as defined in the Indenture) and to comply with other relevant covenants in the Indenture and the Loan Agreement.
