EFFECT OF VARIATIONS IN TRAFFIC GROWTH Sample Clauses

EFFECT OF VARIATIONS IN TRAFFIC GROWTH. 29.1 Effect of variations in traffic growth
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EFFECT OF VARIATIONS IN TRAFFIC GROWTH. 99 29.1 Effect of variations in traffic growth 99 29.2 Modification in the Concession Period 99 ARTICLE 30 102 CONSTRUCTION OF ADDITIONAL TOLLWAY 102 30.1 Restriction on construction of Additional Tollway 102 30.2 Modification in the Concession Period 102 30.3 Minimum Fee for the Project Highway 102 30.4 Minimum Fee for Additional Tollway 103 ARTICLE 31 104 ESCROW ACCOUNT 104 31.1 Escrow Account 104 31.2 Deposits into Escrow Account 104 31.3 Withdrawals during Concession Period 104 31.4 Withdrawals upon Termination 105 ARTICLE 32 107 INSURANCE 107
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EFFECT OF VARIATIONS IN TRAFFIC GROWTH. Effect of variations in traffic growth The Authority and the Concessionaire acknowledge that the traffic (the “Target Traffic”) as on the dates mentioned in the Table below(the “Target Date”) is expected to be as under: Target Date Target Traffic in PCUs
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EFFECT OF VARIATIONS IN TRAFFIC GROWTH. 87 29.1 Effect of variations in traffic growth 87 ARTICLE 31 ESCROW ACCOUNT 89 31.1 Escrow Account 89 31.2 Deposits into Escrow Account 89 31.3 Withdrawals during Concession Period 89 31.4 Withdrawals upon Termination 91 ARTICLE 32 INSURANCE 92 32.1 Insurance during Concession Period 92 32.2 Notice to the MOPIT 92 32.3 Evidence of Insurance Cover 92 32.4 Remedy for failure to insure 93 32.5 Waiver of subrogation 93 32.6 Concessionaire’s waiver 93 32.7 Application of insurance proceeds 94
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