Common use of Monthly Adjustments Clause in Contracts

Monthly Adjustments. For each calendar month during the Term, TxDOT shall deliver to Developer, by the 15th day of the immediately succeeding calendar month, a report of adjustments made in respect of Transactions during such month and adjustments owing in respect of other matters processed during such month, in each case as contemplated hereunder and with each such report to be in reasonable detail. The report shall cover each of the following, with the related adjustment to be made as follows: (i) Such report shall set forth all Transaction adjustments made during such calendar month in respect of (A) Unpostable Transponder Transactions that have not been reclassified as a Video Transaction, (B) Duplicate Transactions previously paid by TxDOT, (C) Video Transactions not pursuable (e.g., Transactions involving vehicles that are not Candidate Vehicles) (provided that there will not be a reduction in tolls payable to Developer for Video Transactions that are not pursuable due to the fault of TxDOT),

Appears in 2 contracts

Samples: Tolling Services Agreement, Tolling Services Agreement

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Monthly Adjustments. For each calendar month during the Term, TxDOT shall deliver to Developer, by the 15th day of the immediately succeeding calendar month, a report of adjustments made in respect of Transactions during such month and adjustments owing in respect of other matters processed during such month, in each case as contemplated hereunder and with each such report to be in reasonable detail. The report shall cover each of the following, with the related adjustment to be made as follows: (i) Such report shall set forth all Transaction adjustments made during such calendar month in respect of (A) Unpostable Transponder Transactions that have not been reclassified as a Video Transaction, (B) Duplicate Transactions previously paid by TxDOT, (C) unpursuable Video Transactions not pursuable (e.g., Transactions involving vehicles that are not Candidate Vehicles) (provided that there will not be a reduction in tolls payable to Developer for Video Transactions that are not pursuable due to the fault of TxDOT),

Appears in 2 contracts

Samples: Tolling Services Agreement, Tolling Services Agreement

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Monthly Adjustments. For each calendar month during the Term, TxDOT shall deliver to Developer, by the 15th day of the immediately succeeding calendar month, a report of adjustments made in respect of Transactions during such month and adjustments owing in respect of other matters processed during such month, in each case as contemplated hereunder and with each such report to be in reasonable detail. The report shall cover each of the following, with the related adjustment to be made as follows: (i) Such report shall set forth all Transaction adjustments made during such calendar month in respect of (A) Unpostable Transponder Transactions that have not been reclassified as a Video Transaction, (B) Duplicate Transactions previously paid by TxDOT, (C) Video Transactions not pursuable (e.g., Transactions involving vehicles that are not Candidate Vehicles) (provided that there will not be a reduction in tolls payable to Developer for Video Transactions that are not pursuable due to the fault of TxDOT),

Appears in 1 contract

Samples: Tolling Services Agreement

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