Dynamic Mode definition
Examples of Dynamic Mode in a sentence
In the event TxDOT requires Developer to toll the Toll Lanes in Dynamic Mode pursuant to Section 7(a)(ii) of Exhibit 10, Developer shall deliver Developer’s calculation of the anticipated Tolling Method Gain as described above.
Developer shall maintain indicative averages of Toll Rates and maximum Toll Rates, traffic volume, and Average Speed for a minimum of the previous 180 days (or such lesser period if less than 180 days of Dynamic Mode have elapsed), broken out by Toll Segment and direction to at least every hour during non-Peak Periods and every fifteen (15) minutes during Peak Periods, of Toll Rates on the HOT Lanes.
After the initial 180 days after the Substantial Completion Date, Developer may operate the HOT Lanes in Dynamic Mode.
Developer shall monitor, document, and report the volume and speed of traffic in the HOT Lanes and alter the Dynamic Mode Toll Rate to maintain performance requirements as described in Section VII.
Developer shall submit the Extended Vehicle Multiplier Schedule, whether in Schedule Mode or Dynamic Mode, to NCDOT for review and comment at least 60 days in advance of implementation of the Pilot Program.
Developer shall increase or decrease the Toll Rate in Dynamic Mode as often as needed, but not more frequently than every five minutes, to maintain the Average Speed for each Toll Segment, in order to manage the demand on the HOT Lanes.
The requirements set forth in this Section V shall apply while in Dynamic Mode.
Developer shall display the prevailing Dynamic Mode Toll Rate for each Toll Segment and direction using the Toll Rate Sign system.