Common use of Compensation for Facility Development Work Clause in Contracts

Compensation for Facility Development Work. Developer shall not be entitled to any additional compensation for Facility Development Work in the event TxDOT and Developer or an Affiliate enter into a Facility Agreement. The methodology and terms of compensating Developer for Facility Development Work performed if a Risk Event occurs that entitles Developer to a remedy pursuant to Section 19.6 shall be negotiated between the parties and included within the Facility Implementation Plan described in Section 7.5. In no event shall Developer be entitled to compensation for such Facility Development Work for a Facility unless (i) TxDOT shall have agreed to such compensation through an approved a Facility Implementation Plan for such Facility and (ii) a Risk Event that entitles Developer to compensation occurs.

Appears in 5 contracts

Samples: www.txdot.gov, www.txdot.gov, www.txdot.gov

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