TxDOT Change definition

TxDOT Change means a change described in Section 13.1 or any other event that the CDA Documents expressly state shall be treated as a TxDOT Change, but in each case only if the change increases Developer’s costs or adversely impacts Toll Revenues by more than $10,000.
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TxDOT Change means any material change in the scope of the work or terms and conditions of the CDA Documents which TxDOT has directed Developer to perform as described in the CDA.
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TxDOT Change means any material change in the scope of the work or terms and conditions of the CDA Documents which TxDOT has directed Developer to perform as described in the CDA. Supplement to Programmatic CDA Term Sheet For projects where revenues are projected to be insufficient to meet the costs of building, financing, maintaining and operating the proposed facility, TxDOT will consider the following alternative and/or supplemental payment and compensation structures and terms, individually or in combination, in order to make such projects financially feasible from the perspective of private sector developers. In addition, depending upon the alternative payment structure selected and the circumstances of the individual project, there may also be modifications in the risk allocation terms.
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Examples of TxDOT Change in a sentence

  • The foregoing does not obligate Developer to incorporate any comments or resolve objections that would render the Submittal erroneous, defective or less than Good Industry Practice, except pursuant to a TxDOT Change.

  • Any changes to the Technical Provisions, including Safety Standards, respecting Design Work or Construction Work shall be subject to the Change Order process for a TxDOT Change in accordance with Article 13.

  • In. Any change to the location or configuration of the tie-in of the Brazoria County Project and the Toll Roads shall be considered a TxDOT Change, unless initiated by Developer pursuant to Section 13.2.

  • TxDOT may issue a Directive Letter to direct Developer to proceed with the TxDOT Change pending agreement of the Parties or resolution of a Dispute concerning the final terms of the Change Order.

  • Prior to issuing a Change Order, TxDOT may, but is not obligated to, request an assessment from Developer of the impact of a proposed TxDOT Change on the cost, Toll Revenue and schedule.

  • No such failure or delay by TxDOT in delivering comments, exceptions, objections, rejections or disapprovals within the applicable time period shall constitute a TxDOT-Caused Delay, TxDOT Change, Relief Event, Compensation Event or other basis for any Claim.

  • TxDOT and Developer shall negotiate in good faith, giving due consideration to any independent analyses obtained, a mutually acceptable Change Order for the TxDOT Change, including (as applicable) adjustment the Project Schedule and Milestone Deadlines, any Compensation Amount to which Developer is entitled, and the timing and method for payment of any Compensation Amount.

  • In making such request, TxDOT shall describe to Developer the nature, extent and other details of the proposed TxDOT Change.

  • After TxDOT makes such request, the Parties shall consult concerning the scope of the proposed TxDOT Change and the estimated financial and schedule impacts.

  • Within 60 days after receiving such request, Developer shall provide TxDOT with Developer’s determination (which is not binding) of whether the proposed change constitutes a TxDOT Change and a detailed assessment of (a) the estimated impact on costs and Toll Revenues, (b) the effect, if any, on the Project Schedule and Milestone Deadlines and (c) the effect, if any on traffic flow and traffic volume during the Operating Period.

Related to TxDOT Change

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Minor Change means an amendment of an existing authorisation that is not of a purely administrative nature and requires only a limited re-assessment of the properties or efficacy of the biocidal product or biocidal product family;

  • Major Change means any event or proposed modification that, in the opinion of the Fund, will involve a major change in, or a restructuring of, a Funded Activity’s scope, structure, design or objectives, including a reallocation of GCF Proceeds beyond the threshold set out in the relevant FAA affecting the Funded Activity’s scope or objectives, or any other change that substantially alters the purpose or benefit of the Funded Activity, in each case, as may be described in detail in the relevant FAA;

  • Divestiture means any transaction or event that the Board specifies as a Divestiture under Section 10.5.

  • Relevant change means a change that is or might be detrimental to the interests of an insured person in its scope, level, or amount of treatment, benefits payable or increase to the premiums payable.

  • Change is defined in Section 3.2.

  • Material Change means a change that an average, careful investor would want to know about before making an investment decision. If a material change occurs afler you make an investment commitment but before the ORering closes, then the Company will notify you and ask whether you want to invest anyway. If you do not affirmatively choose to invest, then your commitment will be cancelled, your funds will be returned to you, and you will not receive any securities.

  • Scope Change means any change to the scope of a contract to accommodate a need not originally provided for in the contract and which may include the acquisition of additional deliverables or the extension of the term of the contract and which may require an adjustment to the contract price;

  • Accounting Change refers to any change in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC.

  • Tax Law Change means a change in or proposed change in, or amendment or proposed amendment to, the laws or regulations of the United Kingdom or any political subdivision or any authority thereof or therein having the power to tax, including any treaty to which the United Kingdom is a party, or any change in the application of official or generally published interpretation of such laws or regulations, including a decision of any court or tribunal, or any interpretation or pronouncement by any relevant tax authority that provides for a position with respect to such laws or regulations or interpretation thereof that differs from the previously generally accepted position in relation to similar transactions, which change or amendment becomes, or would become, effective on or after the Issue Date;

  • Divestiture Date means the date on which the Divestiture Assets are divested to Acquirer pursuant to this Final Judgment.

  • Step Up Rating Change means the first public announcement by S&P or, if applicable, any other Rating Agency appointed by or with the consent of Heimstaden Bostad, of a decrease in the credit rating of Heimstaden Bostad's senior unsecured long-term debt to below BBB- (in the case of S&P) or below Baa3 (in the case of Moody's) or below BBB- (in the case of Fitch). For the avoidance of doubt, any further decrease in the credit rating of Heimstaden Bostad's senior unsecured long-term debt below BBB- in the case of S&P or, if applicable, below Baa3 in the case of Moody's or below BBB- in the case of Fitch and in respect of any other Substitute Rating Agency, an equivalent rating or below shall not constitute a further Step Up Rating Change.