Common use of Toll Rates Clause in Contracts

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

Appears in 2 contracts

Sources: Comprehensive Agreement, Comprehensive Agreement

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 imposedimposed (A) at a rate not less than five times the toll then in effect on Permitted Vehicles with two axles

Appears in 2 contracts

Sources: Comprehensive Agreement, Comprehensive Agreement