Rail System Sample Clauses
Rail System. The Authority has entered into an agreement with the Commonwealth of Virginia pursuant to which
(i) the Authority is operating the Dulles Toll Road and using the revenue from the Dulles Toll Road to fund, in conjunction with other funding entities, the planning, design and construction of a Rail System to Dulles Airport and (ii) the Authority is responsible for the design and construction of the Rail System. The Authority and the Airline have mutual interests regarding the potential financial impact of the Rail System on the cost of operating Dulles. In view of these interests, it is agreed as follows:
10.10.1 Unless and until additional costs are agreed upon in writing by the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center, the aggregate of all capital costs of the Rail System to Dulles which the Authority may pay from Revenues is ten million dollars ($10,000,000) over the Period of this Agreement and all such capital costs shall be allocated to the Dulles ground transportation cost center, and
10.10.2 Unless and until such costs are agreed upon in writing by the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center, no operation and maintenance costs associated with the Rail System may be paid from any sources other than the Authority's share of Net Remaining Revenue in the Authority's Capital Fund.
Rail System. The Authority and the Airlines recognize that, at the time of preparation and distribution for execution of this Agreement, the Authority has no current intention to participate in the capital of operating costs of a Rail System.
10.15 outside the Authority to provide a Rail System to the Airport and will use its best efforts to accommodate a Rail System on the Airport. The Authority and the Airlines have mutual concerns regarding potential financial impact of future proposals or decisions relating to a Rail System. In view of these concerns, it is agreed as follows:
(i) No operating or maintenance costs associated with any Rail System may be incurred by the Authority and/or paid for from any source of funds other than the Authority's Capital Fund unless and until such costs are addressed and mutually resolved in a written agreement between the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center and the Authority.
(ii) Any capital costs in excess of ten million dollars ($10,000,000), and all operating costs that may ultimately be incurred by the Authority as a result of its accommodation of or participation in a Rail System will be addressed in an agreement between the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center and the Authority. The negotiation of such an agreement will commence at least six (6) months prior to the Authority's Fiscal Year in which such costs would be incurred with the objective of reaching an agreement not less than sixty (60) days prior to such Fiscal Year.
(iii) In the absence of such an agreement, the aggregate of all capital costs of any rail link to Dulles which the Authority may incur in ten million dollars ($10,000,000) over the period of this Agreement and all costs shall be allocated to the Dulles ground transportation cost center.
Rail System. 18 a. In-kind repair or replacement of safety components.
19 b. In-kind repair or replacement of existing track system and passenger loading 20 areas.
Rail System. The Authority and the Airlines recognize that, at the time of preparation and distribution for execution of this Agreement, the Authority has no current intention to participate in the capital of operating costs of a Rail System. The Authority will, however, be supportive of efforts of those outside the Authority to provide a Rail System to the Airport and will use its best efforts to accommodate a Rail System on the Airport. The Authority and the Airlines have mutual concerns regarding potential financial impact of future proposals or decisions relating to a Rail System. In view of these concerns, it is agreed as follows:
(i) No operating or maintenance costs associated with any Rail System may be incurred by the Authority and/or paid for from any source of funds other than the Authority's Capital Fund unless and until such costs are addressed and mutually resolved in a written agreement between the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center and the Authority.
(ii) Any capital costs in excess of ten million dollars ($10,000,000), and all operating costs that may ultimately be incurred by the Authority as a result of its accommodation of or participation in a Rail System will be addressed in an agreement between the Majority-in-Interest of the Signatory Airlines at Dulles for the Airfield Cost Center and the Authority. The negotiation of such an agreement will commence at least six (6) months prior to the Authority's Fiscal Year in which such costs would be incurred with the objective of reaching an agreement not less than sixty (60) days prior to such Fiscal Year.
(iii) In the absence of such an agreement, the aggregate of all capital costs of any rail link to Dulles which the Authority may incur in ten million dollars ($10,000,000) over the period of this Agreement and all costs shall be allocated to the Dulles ground transportation cost center.