Custody and Revenue Control Agreement. TSP acknowledges and agrees that the Joint Board has selected, or shall undertake to procure, a Custodian to hold Gross Revenues collected by TSP, and a Revenue Control Manager to maintain an accounting of Financial Transactions, and review and report on the status of accounts. The Joint Board anticipates entering into a Custody and Revenue Control Agreement, substantially in the form of the draft agreement attached hereto as Exhibit O. TSP acknowledges that it has had an opportunity to review the Custody and Revenue Control Agreement and understands the terms thereof and has taken them into account in establishing the Contract Price and entering into this Agreement. TSP has taken into account and expects to perform the obligations to be allocated to and assumed by TSP pursuant to the Custody and Revenue Control Agreement. TSP agrees that it shall execute and deliver to the Joint Board the final Custody and Revenue Control Agreement within seven (7) business days of the Joint Board’s presentation of the execution version of the Custody and Revenue Control Agreement substantially in the form of Exhibit O to the TSP and request for TSP’s signature.
Appears in 6 contracts
Samples: Toll Services Agreement, Toll Services Agreement, Toll Services Agreement
