Farebox Revenues Sample Clauses

Farebox Revenues. Tickets will be produced by the CTA and provided to the Contractor for sale at the Customer Service Center and onboard the buses by drivers. All fares collected by the Contractor are the property of the CTA. The CTA reserves the right to set fare rates for passengers. Such rates may be revised from time to time by the CTA, and set at such levels as may be determined to be in the best interest of the CTA. The CTA shall provide the Contractor with written direction revising fare rates at least ten (10) calendar days before such rates are to become effective. Fares shall be collected and processed by the Contractor as directed by the CTA. The Contractor shall ensure that each transit patron pays the appropriate fare prior to being provided transportation. The Contractor shall, in accordance with a procedure specified by the CTA, account for revenues collected on the CTA’s transit vehicles. The Contractor shall remove farebox vaults from the vehicles daily and the vault contents shall be kept separately under appropriate security. The Transit Manager shall be custodian of the vault key and responsible for counting the money. The Contractor shall count, process and deposit farebox, as directed by the CTA, as soon as is reasonably possible after fares are received. Deposits of fares shall be made at least twice each week. The CTA reserves the right to oversee money counting activities, independently count revenues or otherwise verify the fares collected.
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Related to Farebox Revenues

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