Common use of Tolling of HOT Lanes Clause in Contracts

Tolling of HOT Lanes. (a) Pursuant to the permit granted under Section 4.01, the Concessionaire shall implement a system for the collection of tolls and related incidental charges and/or construct or relocate and maintain different or additional tolling operations on the HOT Lanes Right of Way in accordance with the terms of this Agreement. The Concessionaire shall impose congestion pricing, which may include dynamic tolling with potential toll rate changes at frequent intervals, with a view to maintaining free flow conditions of traffic, and there shall be no restrictions upon toll rates except as set forth in Section 4.04(b). The Concessionaire has no authority or right to impose or collect any fee, charge or other amount for the use of the HOT Lanes other than as authorized by this Section 4.04.

Appears in 5 contracts

Samples: Comprehensive Agreement, Comprehensive Agreement, Comprehensive Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.