FUNDING AND SERVICE ADJUSTMENTS Sample Clauses

FUNDING AND SERVICE ADJUSTMENTS. The Parties acknowledge that funds collected from the POR Fee and the Water Transportation Tax partially finance the costs of operating the water ferry service as outlined in Exhibit “D”. As such, CAT may enter into separate agreements with other entities relating to operational funding, grants, capital expenditures, and schedule or service adjustments to accommodate additional demand from special events and conventions without the approval of the Parties. In the event CAT is unable to recover the full costs of operating the water ferry service as outlined in Exhibit “D”, the Parties agree to to either provide CAT additional compensation or adjust scheduled service to conform to the amount of funding provided for herein. Notwithstanding any provision to the contrary under this Section, CAT retains full operational control and authority to provide the water ferry services provided pursuant to this Agreement and may modify or suspend service due to unforeseen circumstances to include, but not limited to, weather, river closure, or force majeure. In addition, CAT may, with notice provided to the other Parties, adjust, modify, reduce or suspend service due to non-appropriation of funds by the Parties, loss of funding, or any other reduction of funding necessary to cover the costs of providing water ferry services pursuant to this Agreement.
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Related to FUNDING AND SERVICE ADJUSTMENTS

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