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Toll Rates Sample Clauses

Toll Rates. (a) The Concessionaire will impose congestion pricing on the HOT Lanes, which may include dynamic tolling with potential toll rate changes at frequent intervals and there will be no restrictions on toll rates, except as set forth in this Article 5. The Concessionaire’s congestion pricing methodology: (i) will not be inconsistent with the Department’s plans and programs for highway system management of the overall transportation network; (ii) when implemented, will assure that the Project will not become a federal Degraded Facility (as defined in 23 U.S.C. §166), as set forth in the Technical Requirements; and (iii) when implemented, will be designed to assure that the Project will meet the OSPS. (b) The toll rates will be the same for persons using the HOT Lanes under like conditions, and for this purpose “like conditions” may take into consideration: (i) type, weight and occupancy of the vehicle; (ii) number of axles; (iii) time of day and/or week; (iv) time and location of entry or exit to or from the HOT Lanes; (v) traffic volume, vehicle speed, vehicle type; and (vi) similar variables or combinations of such variables. Notwithstanding the foregoing, (A) the Concessionaire may adopt and implement discount programs for different classes or groups of persons using the HOT Lanes under like conditions, subject to the provisions of Section 24.01 and (B) it is understood that dynamic tolling may result in vehicles that enter the HOT Lanes at different times being subject to different toll rates as well as in vehicles travelling on the same section of the HOT Lanes being subject to different toll rates.
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Toll Rates. ‌ (a) The Developer will impose congestion pricing on the Express Lanes, which may include dynamic tolling with potential toll rate changes at frequent intervals and there will be no restrictions on toll rates, except as set forth in this Article 5. The Developer’s congestion pricing methodology: (i) will not be inconsistent with the Department’s plans and programs for highway system management of the overall transportation network in Northern Virginia; (ii) when implemented, will assure that the Project will not become a federal Degraded Facility (as defined in 23 U.S.C. §166), as set forth in the Technical Requirements; and (iii) when implemented, will be designed to assure that the Project will meet the OSPS. (b) The toll rates will be the same for persons using the Express Lanes under like conditions, and for this purpose “like conditions” may take into consideration: (i) type, weight and occupancy of the vehicle; (ii) number of axles; (iii) time of day and/or week; (iv) time and location of entry or exit to or from the Express Lanes; (v) traffic volume and vehicle speed; and (vi) similar variables or combinations of such variables. (c) The toll rates for Permitted Vehicles with three or more axles will be imposed
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Toll Rates. The Section Developer shall be responsible for setting and calculating the Toll Rate applicable to each vehicle in the Priced Managed Lanes in the State. There shall be no restrictions on the Base Toll Rate except as set forth in Appendix 2 (Toll Rate Setting). The Section Developer shall, at all times, set the Base Toll Rate and operate the Priced Managed Lanes in compliance with the provisions of applicable law (including, if the lanes are operating as High-Occupancy Toll (HOT) lanes, 23 U.S.C. §166) and ensure that the average speed of travel on the Priced Managed Lanes is 45 mph or greater, provided that the Section Developer shall not be in breach of this provision to the extent that required operating speeds were not met on any part of the Section at times when that part of the Section is operating at a Base Toll Rate set at the Toll Rate Range Maximum.1 In the event (i) there is the occurrence of certain minimum traffic conditions or average speeds to be defined in the Tolling Services Agreement, (ii) the Section Developer is unable to comply with the requirements set out in the above paragraph, or (iii) either party reasonably believes that the Section Developer will be unable to comply with the requirements set out in the above paragraph within the next [] years, then the Section Developer, MDOT, and MDTA shall consult with respect to possible methods of improving the performance of the Priced Managed Lanes, including: increasing the occupancy requirement for HOVs, making changes to the Permitted Vehicles, increasing the capacity of the facility, or increasing the Toll Rate Range Maximum; provided that MDTA gives no commitment to implement such changes and shall be under no obligation to take any action relating to the same. 1 NTD: These provisions may ultimately be located in the Section P3 Agreement, rather than the TSA. Toll Rates for Trips that are not Transponder Transactions will be calculated by MDTA based on the Trip Toll provided by the Section Developer, by applying the non-transponder multiplier or fees set by the MDTA Board to the applicable Transponder rate determined by the Section Developer. Any associated fees/penalties assessed for non-transponder transactions with the collection or enforcement of tolls shall be set and collected by MDTA.
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Toll Rates. (a) The toll rates throughout the first calendar year following Service Commencement shall be the Initial Toll Rates set forth on the Toll Rates Schedule attached as Exhibit B-5. (b) After the first calendar year following Service Commencement, toll rates may change in accordance with the Toll Rate Adjustment Policy attached as Exhibit B-5 and the terms and conditions of this Agreement. The Concessionaire shall notify the Department of the toll rates charged to every category of user pursuant to the Toll Rate Adjustment Policy attached as Exhibit B-5. The Concessionaire shall provide to the Department at least 120 days prior notice of any planned toll rate increase, and to the general public, through website notice, notices published in newspapers of general circulation in the areas where the Project is located, and through other reasonable means, at least 30 days prior notice. No toll rates may be increased without such notices and notice periods.
Sample 1
Toll Rates. Pursuant to Section 57-5-1340 of the Code, SCDOT has fixed the toll rates for the Southern Connector at those rates assumed from time to time to be in effect in Figure 4.4.1 of the Stantec Traffic Study, and SCDOT hereby ratifies the foregoing. Such rates are set forth on Exhibit 3. The Master Trust Indenture contains provisions permitting or requiring the Association to cause the toll rates to be modified. The toll rates for the Southern Connector may be revised from time to time to the Optimum Rates as follows: (a) Not later than 90 Days prior to the effective date of any proposed revision to the toll rates (the “Effective Date”), the Association shall select an independent traffic and revenue Consultant consistent with the Master Trust Indenture (the “Association Consultant”) of recognized expertise in the area of toll road traffic and revenue forecasting to study the toll rates charged for the use of the Southern Connector and shall deliver to the Authorized SCDOT Representative the name of the Association Consultant with a summary of the Consultant’s credentials. SCDOT may reasonably object to the selection of the Association Consultant based upon its lack of expertise or qualifications provided that such objection is made in writing to the Authorized Association Representative within 30 Days of SCDOT’s receipt of the name of the Association Consultant and the Consultant’s credentials (“SCDOT Response Period”). Such objection shall at minimum specify the following (if conforming, a “SCDOT Objection”): (1) the specific grounds for SCDOT’s objections to such Consultant’s expertise or qualifications and (2) at least one alternate independent traffic and revenue Consultant considered qualified and acceptable by SCDOT (“SCDOT Nominees”). If SCDOT fails to submit a SCDOT Objection in writing within the SCDOT Response Period, the Association may cause a toll rate study to be undertaken by the Association Consultant. If SCDOT timely submits a SCDOT Objection to the nominated Association Consultant, the Association shall nominate another Person as Association Consultant. If such Person is from the list of SCDOT Nominees, such Person shall be deemed accepted by SCDOT. Otherwise, the SCDOT Response Period shall be triggered again as to such proposed Association Consultant (and if another SCDOT Objection is filed, SCDOT shall specify one or more different SCDOT Nominees than previously submitted). (b) The Association Consultant shall study the past and projected ...
Sample 1
Toll Rates. (a) The toll rates charged to each category of user will be set in accordance with the Toll Rate Schedule and any escalation thereof will comply with the provisions of the Toll Rate Schedule; provided, that the Concessionaire may adopt and implement discount programs and any other promotional incentives agreed upon in writing by the parties in advance of the implementation of such programs or incentives for different classes or groups of persons using the Project, subject to the provisions of Section 24.01. (b) The Concessionaire will provide to the Department at least 60 Days prior notice of any planned toll rate adjustment (other than in connection with any temporary promotions, incentives or other discounts agreed by the parties pursuant to Section 5.02(a)). The Concessionaire will provide to the general public at least 45 Days prior notice of any planned toll rate adjustment, through website notice, notices published in newspapers of general circulation in the areas where the Project is located, and through other reasonable means; provided, however, that the expiration of any temporary promotions, incentives or other discounts will not constitute a planned rate adjustment subject to the foregoing 45-Day notice requirement. No increase in toll rates otherwise authorized hereunder may take effect unless the Concessionaire has complied with this Section 5.02(b).
Sample 1
Toll Rates. (a) The toll rates charged to each category of user will be set in accordance with the Toll Rate Schedule and any escalation thereof will comply with the provisions of the Toll Rate Schedule; provided, that the Concessionaire may adopt and implement discount programs and any other promotional incentives agreed upon in writing by the parties in advance of the EXECUTION VERSION – DECEMBER 5, 2011 implementation of such programs or incentives for different classes or groups of persons using the Project, subject to the provisions of Section 24.01. (b) The Concessionaire will provide to the Department at least 60 Days prior notice of any planned toll rate adjustment (other than in connection with any temporary promotions, incentives or other discounts agreed by the parties pursuant to Section 5.02(a)). The Concessionaire will provide to the general public at least 45 Days prior notice of any planned toll rate adjustment, through website notice, notices published in newspapers of general circulation in the areas where the Project is located, and through other reasonable means; provided, however, that the expiration of any temporary promotions, incentives or other discounts will not constitute a planned rate adjustment subject to the foregoing 45-Day notice requirement. No increase in toll rates otherwise authorized hereunder may take effect unless the Concessionaire has complied with this Section 5.02(b).
Sample 1
Toll Rates. The Transportation Cabinet will at least annually, prior to June 30 of each Fiscal Year (as defined in the Indenture), review the financial condition of the System (as defined in the Indenture), the anticipated Total System Expenses (as defined in the Indenture), Debt Service Reserve Requirement (as defined in the Indenture), various reserves and other costs of the System (as defined in the Indenture), and proceed in a timely fashion to recommend to the Tolling Body any required adjustment to the Toll Rate Schedule (as defined in the Indenture) it determines is necessary for the Borrower to comply with Section 708(a) of the Indenture to provide sufficient Authority System Revenue to fund amounts required to be deposited and maintained in the Funds and Accounts (as defined in the Indenture) and to comply with other relevant covenants in the Indenture and the Loan Agreement.
Sample 1
Toll Rates. (a) The toll rates throughout the first calendar year following Service Commencement shall be the Initial Toll Rates set forth on the Toll Rates Schedule attached as Exhibit B-5. (b) The Concessionaire shall notify the Department of the toll rates charged to every category of user. The Concessionaire shall provide to the Department at least 180 days prior notice of any planned toll rate increase, and to the general public, through website notice, notices published in newspapers of general circulation in the areas where the Project is located, and through other reasonable means, at least 30 days prior notice. No toll rates may be increased without such notices and notice periods. (c) In the event that truck restrictions or tolls are imposed on other roads or highways that provide alternative routes to the Project or a portion thereof, the Department shall have the right to establish reasonable restrictions on toll rates and future increases in toll rates on the Project or applicable portion thereof. Such restrictions shall be established to approximate the toll rates and annual increases in toll rates (if any) that would have been reasonably expected in the absence of such truck restrictions or tolls. The parties shall document such reasonable restrictions by written amendment to the Toll Rates Schedule.
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Related to Toll Rates

  • Penal Rates (a) Weekend rate - applies to ordinary time (other than overtime) worked after midnight Friday/Saturday until midnight Sunday/Monday shall be paid at time one half (T0.5) in addition to the ordinary hourly rate of pay. (b) Public Holiday rate – applies to those hours which are worked on the public holiday. This shall be paid at time one (T1) in addition to the ordinary hourly rate of pay. (See clause 12.4-12.8 for further clarification.) (c) Night rate – applies to ordinary hours of duty (other than overtime) that fall between 2000hrs and until the completion of a rostered night duty from midnight Sunday/Monday to midnight Friday/Saturday and shall be paid at quarter time (T0.25) in addition to the ordinary hourly rate of pay. (d) Overtime and weekend/public holiday or night rates shall not be paid in respect of the same hours, the higher rate will apply.

  • Special Rates Transfer, Traveling and Working Away From Usual Place of Work

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Overtime Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • Pay Rates Unit members must have been on an active status for a minimum of six

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Wage Rates Contractor shall post a copy of the wage rates at the job site and shall pay the adopted prevailing wage rates as a minimum. Pursuant to the provisions of Section 1773 of the Labor Code of the State of California, the Board of Supervisors has obtained the general prevailing rate of per diem wages and the general prevailing rate for holiday and overtime work in this locality for each craft, classification, or type of xxxxxxx needed to execute this Contract from the Director of the Department of Industrial Relations. These rates are on file with the Clerk of the Board of Supervisors. Copies may be obtained at cost at the office of County's OC Public Works/OC Facilities & Asset Management/A&E Project Management or visit the website of the Department of Industrial Relations, Prevailing Wage Unit at xxx.xxx.xx.xxx/XXXX/XXX. The Contractor shall comply with the provisions of Sections 1774, 1775, 1776 and 1813 of the Labor Code.

  • Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.

  • Supported wage rates Employees to whom this clause applies shall be paid the applicable percentage of the minimum rate of pay prescribed by this Agreement for the class of work which the person is performing according to the following schedule: * (Provided that the minimum amount payable shall be not less than $45 per week). Where a person’s assessed capacity is 10%, they shall receive a high degree of assistance and support.

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

Most Referenced Clauses

Most Referenced Definitions