Interoperability Fee Adjustments Clause Samples

Interoperability Fee Adjustments. 4.7.1 Developer shall deliver a report to TxDOT and the Independent Engineer in a standardized form acceptable to TxDOT within 10 days following each month, itemizing each Interoperability Fee that Developer paid during the month and the amount of any adjustment in connection with such fee under this Section 4.7. 4.7.2 If Developer paid total Interoperability Fees in a month that are greater than those it would pay assuming an 8% rate, then TxDOT shall pay the difference to Developer within 15 days after TxDOT’s receipt of the applicable report. 4.7.3 If Developer paid total Interoperability Fees in a month that are less than those it would pay assuming an 8% rate, then Developer shall pay the difference to TxDOT within 15 days after the end of the month.