Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project are set forth in Part C of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.
Appears in 5 contracts
Samples: Comprehensive Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement
Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project are set forth in Part C of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.
Appears in 3 contracts
Samples: Comprehensive Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement
Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project Facility are set forth in Part C A of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project Facility pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C A of Exhibit 7.
Appears in 1 contract
Samples: Facility Agreement
Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project are set forth in Part C of Exhibit 7. Xxxxxxxxx Developer agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.
Appears in 1 contract
Samples: Comprehensive Development Agreement