Toll Lanes definition

Toll Lanes means the Limited Access Highway lanes with respect to the Project as delineated in Section 1 of the Technical Provisions, in conformance with applicable Law.
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Examples of Toll Lanes in a sentence

  • In the event TxDOT requires Developer to toll the Toll Lanes in Dynamic Mode pursuant to Section 7(a)(ii) of Exhibit 10, Developer shall deliver Developer’s calculation of the anticipated Tolling Method Gain as described above.

  • TxDOT shall have the right to order immediate suspension of tolling of the Toll Lanes or any portion thereof in any time of a declared emergency or natural disaster, as determined by the Executive Director.

  • Commencing on the Service Commencement Date for each Project Segment and continuing throughout the Term, Developer shall be responsible for toll collection, violation processing, revenue handling and accounting, and customer service and support for the Toll Lanes.

  • Commencing on the Service Commencement Date for each Project Segment and continuing throughout the Term, Developer shall maintain and operate an Electronic Toll Collection System for the Toll Lanes.

  • For U.S. federal income tax purposes, the Refinancing Gain payment to TxDOT is allocated between the right to toll the Toll Lanes and rent for Project Right of Way based on the relative fair market values of such rights as of the Effective Date, which are [●]% and [●]%, respectively.

  • In addition, Developer will have the right to conduct a speed study of the Toll Lanes, General Purpose Lanes and Frontage Roads earlier than the three-year interval, but in no event sooner than 18 months after completion of the immediately preceding speed study for the same portion of the Toll Lanes, General Purpose Lanes or Frontage Roads, if Developer in good faith believes that significant changes have occurred in the interim that will or may affect posted speed limits.

  • Commencing on the Service Commencement Date for each Project Segment and continuing throughout the Term, Developer shall provide all Electronic Toll Collection Systems and related services for the Toll Lanes in accordance with the requirements set forth in Section 21 of the Technical Provisions.

  • TxDOT shall have the right to order immediate suspension of tolling of the Toll Lanes or any portion thereof if TxDOT designates the Project or a portion thereof for immediate use as an emergency evacuation route or as a route to respond to a disaster proclaimed by the Governor of Texas or his or her designee.

  • For U.S. federal income tax purposes, the Revenue Payment is allocated between the right to toll the Toll Lanes and rent under the lease for Project Right of Way based on the relative fair market values of such rights as of the Effective Date, which are [●]% and [●]%, respectively.

  • Developer shall implement toll collection systems that charge, debit and collect tolls only at or through the electronic tolling facilities physically located on the Project Right of Way or through global positions system technologies or other remote sensing technologies that charge, debit and collect tolls for actual vehicular use of the Toll Lanes in compliance with the requirements of Section 14.5.

Related to Toll Lanes

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