Tolling Method Gain definition

Tolling Method Gain means the amount or schedule of amounts determined pursuant to Section 4.8.5 or 4.8.6, as applicable.

Tolling Method Gain means, for a Tolling Method Change, an amount equal to the difference of (a) the Net Present Value of the Distributions to be made over the remaining Term following such Tolling Method Change, as projected immediately prior to the effectiveness thereof, minus (b) the Net Present Value of the Distributions to be made over the remaining Term following such Tolling Method Change, as projected immediately prior to the effectiveness thereof; but in no event less than zero.

Tolling Method Gain means the amount or schedule of amounts determined pursuant to Section 4.8.2(a) or (b). [For clarity, if TxDOT grants Developer permission to use Image-Based Billing as a result of a Compensation Event described under clause (u) of the definition of “Compensation Event” (as contemplated by the proviso in Section 10(a) of Exhibit 10), the Tolling Method Gain shall be determined after taking into account the deficiency, if any, caused by the lack of HCTRA interoperability.]

Examples of Tolling Method Gain 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.

• If TxDOT permits a Tolling Method Change, Developer agrees to pay to TxDOT 80% of any Tolling Method Gain resulting therefrom [(provided that TxDOT shall be entitled to 100%, rather than 80%, of any Tolling Method Gain if the Tolling Method Change is the result of a Compensation Event described in clause (u) of the definition of “Compensation Event”)], determined and payable pursuant to subsection (a) or (b) below, as elected by Developer.

• In determining whether to permit a Tolling Method Change, TxDOT may consider, among other things, whether TxDOT agrees with Developer’s calculation of the Tolling Method Gain or the traffic and revenue study and whether TxDOT determines the Tolling Method Gain to be sufficient compensation to TxDOT to permit the Tolling Method Change.

• Developer shall include with such request Developer’s calculation of the anticipated Tolling Method Gain and any back-up documentation for its calculation, including at a minimum a true and complete copy of a preliminary traffic and revenue study and analysis showing the projected effects (including data on past Toll Revenues and projected future Toll Revenues with and without the potential Tolling Method Change) and a reasonably detailed statement quantifying such effects.

• If Developer pays TxDOT its portion of the Tolling Method Gain pursuant to Section 4.8.2(b), then, to avoid paying duplicate compensation to TxDOT for Toll Revenues used to pay the annual Tolling Method Gain to TxDOT, each annual payment to TxDOT paid to date under Section 4.8.2(b) shall be deducted from cumulative Toll Revenues to date for the purposes of Section 4.2.1.

More Definitions of Tolling Method Gain

Tolling Method Gain means, for a Tolling Method Change, an amount equal to the difference of (a) the Net Present Value of the Net Revenue Payments to be made over the remaining Term following such Tolling Method Change, as projected immediately prior to the effectiveness thereof, minus (b) the Net Present Value of the Net Revenue Payments to be made over the remaining Term prior to such Tolling Method Change, as projected immediately prior to the effectiveness thereof; but in no event less than zero. [For clarity, if TxDOT grants Developer permission to use Image-Based Billing as a result of a Compensation Event described under clause (u) of the definition of “Compensation Event” (as contemplated by the proviso in Section 10(a) of Exhibit 10), the Tolling Method Gain shall be determined after taking into account the deficiency, if any, caused by the lack of HCTRA interoperability.]