Lane Closure Payment definition

Lane Closure Payment has the meaning set forth in Section 7.5 hereof. “Late Completion Payments” has the meaning set forth in Section 7.2 hereof.
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Examples of Lane Closure Payment in a sentence

  • Concessionaire’s rights of set-off under Section 4.7 hereof expressly apply to any amounts of the Lane Closure Payment not timely paid to Concessionaire hereunder.

  • The Lane Closure Payment shall be paid by Contractor or withheld by Concessionaire, as applicable, in arrears at the payment intervals applicable to Scheduled Payments beginning after the designated time for re-opening of the affected lanes.

  • The length of the Lane Closure for determination of Lane Closure Payment Adjustments shall be rounded up to the next higher whole kilometre.

  • Concessionaire may deduct and set-off against any part of the balance due or to become due to Contractor under this Agreement, any amounts due from Contractor to Concessionaire under or in connection with this Agreement, including any Late Completion Payment and Lane Closure Payment due or to become due from Contractor to Concessionaire pursuant to Article 7.

  • The Lane Closure Payment shall be the measure of Contractor’s liability only for delay in re-opening the lanes pursuant to this Section 7.5, and shall not limit Contractor’s liability for defects or deficiencies in the TTMS Work or for Contractor’s failure to perform its other obligations under either the Comprehensive Agreement or this Agreement.

  • Lane Closure Payment Adjustments are as follows: TypeTiming/DurationRatePeak Hours* - Weekdays0600 to 0900 and 1530 to1800 hrs$480/hr/lane-kmDay – Weekdays0900 to 1530 hrs$180/hr/lane-kmDay - Weekends andStatutory Holidays0600 to 1800 hrs$180/hr/lane-kmEvening1800 to 2200 hrs$120/hr/lane-kmNight2200 to 0600 hrsNo Charge* A Lane Closure for planned operational purposes may not be started during Peak Hours.

  • The Lane Closure Payment shall be the measure of Contractor’s liability only for delay in re-opening the lanes pursuant to this Section 7.5, and shall not limit Contractor’s liability for defects or deficiencies in the DB Work or for Contractor’s failure to perform its other obligations under the Contract Documents.

  • Lane Closure Payment Adjustments as set out below in Sections 400.1.6 and 500.1.6 (Lane Closure) shall be applied to any reduction of the minimum lane requirements for detours.

  • Lane Closure Payment Adjustments are as follows: TypeTiming/DurationRatePeak Hours* - Weekdays0600 to 0900 and 1530 to1800 hrs$400/hr/lane-kmDay – Weekdays0900 to 1530 hrs$150/hr/lane-kmDay - Weekends and0600 to 1800 hrs$150/hr/lane-km Statutory Holidays Evening1800 to 2200 hrs$100/hr/lane-kmNight2200 to 0600 hrsNo Charge * A Lane Closure for planned operational purposes may not be started during Peak Hours.

  • The right of the Contractor to do Lane Closures and incur Lane Closure Payment Adjustments is subject always to the paramount requirements set out in the first paragraph of this Section 400.1.6 and the above two paragraphs.

Related to Lane Closure Payment

  • Post-closure plan means a plan indicating the actions to be taken for the care, maintenance, and monitoring of the Development after closure, that will prevent, mitigate, or minimize the threat to public health and the environment;

  • Final closure means the closure of all hazardous waste management units at the facility in accordance with all applicable closure requirements so that hazardous waste management activities pursuant to 35 Ill. Adm. Code 724 and 725 are no longer conducted at the facility unless subject to the provisions of 35 Ill. Adm. Code 722.134.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Time of Sale Disclosure Package means the Prospectus most recently filed with the Commission before the time of this Agreement, including any preliminary prospectus supplement deemed to be a part thereof, each Issuer Free Writing Prospectus, and the description of the transaction provided by the Underwriters included on Schedule II.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Second Closing Date means the date of the Second Closing.

  • Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Closure plan means the plan for closure prepared in accordance with the requirements of 40 CFR 265.112.

  • Books Closure Date means the date and time to be determined by the Manager on which the register of Unitholders will be closed for the purpose of determining the entitlements of Unitholders to a Distribution;

  • Post-closure means the period after the closure of a storage site, including the period after the transfer of responsibility to the competent authority;

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Scheduled Closing Time means, in respect of an Exchange or Related Exchange and a Scheduled Trading Day, the scheduled weekday closing time of such Exchange or Related Exchange on such Scheduled Trading Day, without regard to after hours or any other trading outside of the regular trading session hours.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • IPO Closing Date means the closing date of the IPO.

  • Long Stop Date has the meaning set forth in Clause 4.3.2;

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date and that portion of any Straddle Period ending on the Closing Date.