For each Utility Adjustment. Developer shall compensate the Utility Owner for the fair market value of each Existing Utility Property Interest relinquished pursuant to Section 6.2.4.3 of the Technical Provisions, to the extent TxDOT would be required to do so by applicable Law and provided that TxDOT has approved the Utility Owner’s claim. Developer shall pay any compensation due to the Utility Owner and all costs and expenses associated therewith (including any incurred by TxDOT on Developer’s behalf for eminent domain proceedings or otherwise) in accordance with Article 10. Developer shall carry out the same duties for acquisition of an Existing Utility Property Interest, as are assigned to Developer in Article 10 (of this Agreement) and in Section 7 of the Technical Provisions for the acquisition of any other necessary real property interests.
Appears in 4 contracts
Sources: Comprehensive Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement