FARE MODEL Sample Clauses

FARE MODEL. 25.3.1 For all purposes under this AGREEMENT, explicit separation is considered among the COMPENSATION FARE, to be relayed to the CONCESSIONAIRE for the provision of the service, the LRV PUBLIC FARE, and the PUBLIC INTEGRATION FARES to be collected from USERS by the TRADING SYSTEM. 25.3.2 The LRV PUBLIC FARE, as well as the PUBLIC INTEGRATION FARES, shall have their prices established by the GRANTING AUTHORITY, and may only be charged upon the LRV FULL OPERATION startup. 25.3.3 The COMPENSATION FARE is initially established to be two Brazilian Reais and ten cents (R$ 2.10), to be paid to the CONCESSIONAIRE, per transported PASSENGER, regardless of being a LRV sole passenger or one from integration with the STCO, the METROPOLITAN BUSES, or the SMSL. 25.3.3.1 The amount to be paid to the CONCESSIONAIRE, by way of COMPENSATION FARE, shall be that informed in subclause 25.3.3, and the FARE REVENUE shall result from such value multiplication by the total of transported PASSENGERS, except for infants up to two years old of age, notwithstanding they enjoy or not benefits or fare exemptions. 25.3.4 The COMPENSATION FARE shall be relayed to the CONCESSIONAIRE through the SETTLEMENT SYSTEM, from the LRV FULL OPERATION 25.3.5 The value of the COMPENSATION FARE shall be annually adjusted from the January/2017 base date, regardless of the GRANTING AUTHORITY’s prior consent, pursuant to the following equation: 25.3.6 Aiming at attracting PASSENGERS, their better distribution during the LRV operation hours, on holidays, weekends, and the proper servicing of the PROJECTED DEMAND, the PARTIES may, upon agreement, grant discounts in the price of the LRV PUBLIC FARE, provided that they do not affect the share of revenues inherent to the fare integration. 25.3.7 The discounts referred to in this subclause may reflect discount in the COMPENSATION FARE;