Common use of CCD O&M Amount Clause in Contracts

CCD O&M Amount. The Parties and the City of Denver have entered into an Inter-Governmental Agreement dated September 14, 2015 (the “Denver IGA”) pursuant to which Denver has agreed to make annual payments of $2,688,010 (as they may be reduced pursuant to the terms of the Denver IGA in the event of construction cost savings) in equal installments to the Project for thirty years, commencing upon Substantial Completion of the Project (the “CCD O&M Amount”). It is anticipated that the CCD O&M Amount will be received by CDOT at the beginning of each Contract Year of the C-70 Project Agreement, with the first CCD O&M Amount to be made upon Substantial Completion of the Project. For purposes of netting the CCD O&M Amount as provided for in Section IV.4 of this Agreement, it is contemplated that the CCD O&M Amount payable in the first Contract Year may be prorated as between CDOT and HPTE, from the Substantial Completion Date through June 30 of first Contract Year, in order to align future years’ OMR Payment budgeting with the state fiscal year. With respect to the CCD O&M Xxxxxx and the Denver IGA, the Parties further agree as follows:

CCD O&M Amount. The Parties and the City of Denver have entered into an Inter-Governmental Agreement dated September 14, 2015 (the “Denver IGA”) pursuant to which Denver has agreed to make annual payments of $2,688,010 (as they may be reduced pursuant to the terms of the Denver IGA in the event of construction cost savings) in equal installments to the Project for thirty years, commencing upon Substantial Completion of the Project (the “CCD O&M Amount”). It is anticipated that the CCD O&M Amount will be received by CDOT at the beginning of each Contract Year of the C-70 Project Agreement, with the first CCD O&M Amount to be made upon Substantial Completion of the Project. For purposes of netting the CCD O&M Amount as provided for in Section IV.4 of this Agreement, it is contemplated that the CCD O&M Amount payable in the first Contract Year may be prorated as between CDOT and HPTE, from the Substantial Completion Date through June 30 of first Contract Year, in order to align future years’ OMR Payment budgeting with the state fiscal year. With respect to the CCD O&M Xxxxxx Amount and the Denver IGA, the Parties further agree as follows:

CCD O&M Amount. The Parties and the City of Denver have entered into an Inter-Inter- Governmental Agreement dated September 14, 2015 (the “Denver IGA”) pursuant to which Denver has agreed to make annual payments of $2,688,010 (as they may be reduced pursuant to the terms of the Denver IGA in the event of construction cost savings) in equal installments to the Project for thirty years, commencing upon Substantial Completion of the Project (the “CCD O&M Amount”). It is anticipated that the CCD O&M Amount will be received by CDOT at the beginning of each Contract Year of the C-70 Project Agreement, with the first CCD O&M Amount to be made upon Substantial Completion of the Project. For purposes of netting the CCD O&M Amount as provided for in Section IV.4 of this Agreement, it is contemplated that the CCD O&M Amount payable in the first Contract Year may be prorated as between CDOT and HPTE, from the Substantial Completion Date through June 30 of first Contract Year, in order to align future years’ OMR Payment budgeting with the state fiscal year. With respect to the CCD O&M Xxxxxx Amount and the Denver IGA, the Parties further agree as follows:

CCD O&M Amount. The Parties and the City of Denver have entered into an Inter-Inter- Governmental Agreement dated September 14, 2015 (the “Denver IGA”) pursuant to which Denver has agreed to make annual payments of $2,688,010 (as they may be reduced pursuant to the terms of the Denver IGA in the event of construction cost savings) in equal installments to the Project for thirty years, commencing upon Substantial Completion of the Project (the “CCD O&M Amount”). It is anticipated that the CCD O&M Amount will be received by CDOT at the beginning of each Contract Year of the C-70 Project Agreement, with the first CCD O&M Amount to be made upon Substantial Completion of the Project. For purposes of netting the CCD O&M Amount as provided for in Section IV.4 of this Agreement, it is contemplated that the CCD O&M Amount payable in the first Contract Year may be prorated as between CDOT and HPTE, from the Substantial Completion Date through June 30 of first Contract Year, in order to align future years’ OMR Payment budgeting with the state fiscal year. With respect to the CCD O&M Xxxxxx and the Denver IGA, the Parties further agree as follows: