Common use of Revenue Payments Clause in Contracts

Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project are set forth in Part C of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.

Appears in 5 contracts

Samples: Development Agreement, Comprehensive Development Agreement, Development Agreement

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Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project are set forth in Part C of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.

Appears in 3 contracts

Samples: Comprehensive Development Agreement, Development Agreement, Development Agreement

Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project are set forth in Part C of Exhibit 7. Xxxxxxxxx Developer agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.

Appears in 1 contract

Samples: Development Agreement

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Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project Facility are set forth in Part C A of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project Facility pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C A of Exhibit 7.

Appears in 1 contract

Samples: Facility Agreement

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