Common use of Right to Toll Revenues Clause in Contracts

Right to Toll Revenues. Except as otherwise provided in this Agreement, at all times during the Term, Developer shall have the exclusive right, title, entitlement and interest in and to the Toll Revenues (including tolls and other charges permitted hereunder as they accrue with respect to Transactions occurring during the Term), subject to the terms and conditions of the CDA Documents (including TxDOT’s rights to compensation in accordance with this Agreement) and the security interests in Toll Revenues under the Security Documents.

Appears in 3 contracts

Samples: Comprehensive Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement

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Right to Toll Revenues. Except as otherwise provided in this Agreement, at all times during the Term, Developer shall have the exclusive right, title, entitlement and interest in and to the Toll Revenues (including tolls and other charges permitted hereunder as they accrue with respect to Transactions occurring during the Term), subject to the terms and conditions of the CDA Documents (including TxDOT’s rights to compensation in accordance with this Agreement) ), Security Instruments and the security interests in Toll Revenues under the Security Documents.

Appears in 1 contract

Samples: Comprehensive Development Agreement

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