Traffic Signal. Landlord and Tenant agree that the cost to install a traffic signal (the "Signal") at the intersection of Koll Parkway, Walker Rxxx and SW 150xx Xxenue shall be treated as a Special Common Area Assessment pursuant to the Declaration of Covenants, Conditions and Restrictions dated March 12, 1986, as amended by First Amendment thereto dated October 28, 1996 and Section Amendment thereto dated March 13, 1998 (collectively, the "Declaration"), which Declaration encumbers the Property and other property. Once the Signal has been installed and is operational (the "Signal Completion Date"), Landlord shall furnish to Tenant a statement in commercially reasonable detail showing the portion of the cost to install such Signal (the "Signal Cost") that is allocated to the Property as a Special Common Area Assessment pursuant to the Declaration and, upon request from Tenant, shall furnish copies of invoices received and paid by Landlord in connection with the installation of the Signal. Tenant agrees to reimburse Landlord for the portion of the Signal Cost allocated to the Property, provided, however, that, except as provided herein, Tenant shall not be required to pay such cost in a lump sum, but rather such cost, together with a financing charge of ten percent (10%) per annum, shall be amortized over an estimated useful life of ten (10) years and Tenant shall reimburse Landlord for such cost by paying Landlord in equal monthly installments beginning on the first day of the second calendar month following the Signal Completion Date (or on the first day of the next calendar month if the Signal Completion Date is the first day of a calendar month) and on the first day of each month thereafter during the remaining term of this Lease that portion of such cost attributable to the month preceding such payment based on such amortization plan. If the Signal Completion Date is a day other than the first day of a calendar month, then on the first day of the calendar month following the Signal Completion Date, Tenant shall pay to Landlord interest at the rate provided herein from the Signal Completion Date through the last day of the month in which the Signal Completion Date occurs. In the alternative, Tenant shall have the right to prepay all or any portion of the outstanding balance of such cost at any time without any prepayment charge. If Tenant purchases the Property pursuant to the Option to Purchase in this Lease and the Signal has been installed and is operational, upon t...
Traffic Signal. DelDOT, when justified by an approved engineering study, shall install, operate, maintain, modify and/or remove (collectively “install and maintain” or “installation and maintenance”) a traffic control signal (“Signal”) on a portion of the Owner’s Property as shown on Exhibit “A”. The decision as to the need of a signal at a particular location shall be determined by DelDOT in its sole discretion.
Traffic Signal. Developer shall fund and install a new traffic signal at the Project entry location on Avalon Boulevard between the I-405 interchange and 213th Street, in accordance with plans approved by the City’s Director of Public Works or his or her designee, which shall include approval of the projected costs. Developer will be eligible for reimbursement of up to 50% of the approved costs of the new traffic signal by City upon completion of the comprehensive redevelopment of the Xxxx site (located to the east of the Property, north of E. 000xx Xx. xxx xxxx xx Xxxxxx Xxxx. to the I-405 freeway). Developer shall submit plans for the traffic signal with an estimate of the cost prior to issuance of the first building permit issued for the Project and shall complete installation prior to issuance of the first Project certificate of occupancy.
Traffic Signal. SC-4.1 "Traffic Signal " shall be measured as lump sum for installing and programming a complete and operational traffic signal system, including traffic signal heads, mast arms and poles, pedestal poles, bases, vehicular detection system, emergency vehicle detection, pedestrian detection, wiring, street lighting and additional appurtenant items and related work necessary for the construction of the improvements to provide a finished product as intended by the Contract Documents. SC-4.2 Payment shall be made at the contract unit price bid as shown in the Bid Form for “Traffic Signal.” Payment shall be full compensation for furnishing and installing all materials and appurtenant work.
Traffic Signal. The City of Burbank has not made a written request that Seller make any payment of fees for the installation of a traffic signal at the entrance of the Project on Xxxxxxxx Avenue, pursuant to the First Amendment to Development Agreement recorded as Instrument No. 00-0000000. For the purposes of this Agreement, whenever a representation or warranty or other reference is made in this Agreement on the basis of the knowledge of Seller or words of similar import, such representation, warranty or reference is made solely on the basis of the actual, as distinguished from implied, imputed and constructive, knowledge on the date that such representation or warranty is made, without inquiry or investigation of (i) Xxxxxxxx Xxxxxx, Xxxx Xxxxxx and Xxx Xxxxxxx, but excluding any such knowledge that is based on facts disclosed in writing to or otherwise actually known by Xxxxxx X. Xxxxxx, the individual within the employ of Purchaser responsible for overseeing the purchase of the Property from Seller, prior to the Closing Date. Subject to the foregoing limitations, the knowledge of Seller shall be deemed to include the knowledge of Operating Lessee. Purchaser shall be entitled to interview the current general manager of the Hotel with regard to the matters set forth in this Section 5.01, but the knowledge of the general manager or any other Employee which is not known to Seller or Operating Lessee shall not be imputed to Manager, Seller or Operating Lessee and the comments of the general manager or any other Employee shall not constitute a representation of the Manager or Seller. The representations and warranties of Seller as set forth in or made pursuant to this Section 5.01 shall survive the Closing Date for the Survival Period (as hereinafter defined) and shall not be deemed merged into any instrument of conveyance delivered at the Closing.
Traffic Signal. OWNER shall design and install a traffic signal and associated roadway improvements at Xxxxxx Road and Xxxxx Xxxxxxx Avenue. Construction of the intersection and signal improvements shall commence prior to or concurrently with the in-tract improvements and be completed prior to certificate of occupancy of the first production (for sale) unit. Work shall include but is not limited to: installation of 8-phase signal, opening the median on Xxxxxx Road, installation of turn pockets, ADA improvement on the north side of Xxxxxx Road, landscaping, road restriping, road rehabilitation and special emergency vehicle preemption as determined by the City, and signal interconnect from the Pioneer/Xxxxxx intersection to the HLA/Xxxxxx signal. Final intersection reconfiguration shall consist of: Westbound left turn Eastbound left turn Two westbound thru lanes to remain Two eastbound thru lanes to remain Northbound left Northbound thru/left Southbound left Southbound thru/left OWNER may request and enter into a reimbursement agreement with the City for all improvements except landscaping and the ADA improvements on the south side to be reimbursed from the City impact fee program. The ADA improvements on the south side can be reimbursed from the SLIF CIP.
Traffic Signal. The Parties acknowledge the Tennessee Department of Transportation (“TDOT”) will undertake a project to raise the elevation of Tennessee Waltz Pkwy (SR 455) (the “Parkway”) so that the Parkway can cross the top of the levee constructed as part of the Levee Project (the “TDOT Project”) and the TDOT Project will require the closing of a portion of the Parkway for an extended period of time. The Parties agree that a traffic light at the intersection of State Route 12 and the Parkway (the “Traffic Light”) could reduce the impact on traffic resulting from the closing of a portion of the Parkway and a traffic study should behas been undertaken in order to determine whether the Traffic Light would be warranted and could be permitted by TDOT (the “Traffic Study”). The Company agrees to reimburse the Town for the cost of the initial phase of the Traffic Study in an amount not to exceed $20,000.00. The Company shall pay the costs of the Traffic Study to the Town within thirty (30) days of receipt of the reasonable documentation of the costs of the Traffic Study from the Town. The Parties agree that in the eventsince the Traffic Study determines that the Traffic Light wouldwill be warranted, then and TDOT has advised the Town and the Company shall install the Traffic Light recommended in the Traffic Study during the construction of the Levee Project. Following thethat it has no objection to the installation of the Traffic Light, then the Company shall convey the Traffic Light toreimburse the Town and the Town shall be responsible for the costs of the operation, maintenance and replacementdesign and installation of the Traffic Light within thirty (30) days of receipt of the reasonable documentation of the costs of the design and installation of the Traffic Light from the Town.
Traffic Signal. Operation During an Emergency or Power Outage The emergency mode of operation for all traffic signals shall be flashing operation. The California Highway Patrol (CHP) or local police are authorized to place a traffic signal on flash or turn it off to direct traffic in the event of any emergency, to expedite traffic, or to ensure safety as conditions may require, notwithstanding any provisions of the Vehicle Code. The following procedures will be followed in the event of a utility company power outage:
Traffic Signal. The Property Owner shall pay to the Town one hundred percent (100%) of the cost to design and construct a traffic signal at the intersection of Compark Boulevard and Xxxxxxxx Road, seventy-five percent (75%) of the cost to design and construct a traffic signal at the intersection of Xxxxxxxx Road and Grasslands Drive, fifty percent (50%) of the cost to design and construct a traffic signal at the intersection of Cottonwood Drive and Xxxxxxxx Road and twenty-five percent (25%) of the cost to design and construct a traffic signal at the intersection of Cottonwood Drive and the easternmost full turning movement access to the PA-8 Property (the “Cottonwood Access Traffic Signal”), according to the "Traffic Signal Payment Schedule," which is attached hereto as Replacement Exhibit I and incorporated by this reference. The Town shall use such funds for the sole purpose of installing the traffic signals at the intersections described herein at such time as the Town deems the traffic signals warranted.
