Toll Pool Sample Clauses
A Toll Pool clause establishes a shared fund or account into which toll revenues or fees collected from a specific project or asset are deposited. Typically, this clause outlines how the collected funds are managed, distributed, or allocated among stakeholders, such as project partners, investors, or government entities. For example, in a public-private partnership for a toll road, the clause may specify the percentage of tolls each party receives or the order in which expenses and profits are paid out. The core function of this clause is to ensure transparent and equitable management of toll revenues, reducing disputes and clarifying financial expectations among all involved parties.
Toll Pool. Notwithstanding anything contained herein to the contrary, when Telco is the primary toll carrier for an independent LEC in the State and such independent LEC originates a call that terminates on Carrier’s network, Carrier will bill, and Telco will pay, compensation to Carrier for toll traffic originating from such independent LEC and terminating on Carrier’s network as though the traffic originated on Telco’s network.