ETC Fee definition

ETC Fee is defined in Section 28 (Transaction Fee).
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Examples of ETC Fee in a sentence

  • Fee MDTA shall comply with the following principles when determining the ETC Fee (unless otherwise agreed between MDTA and the Section Developer): a) MDTA shall perform ETC/Transponder transaction toll collection for the P3 Program in the same manner that it does on other toll roads operated by MDTA.

  • Annually, MDTA calculates its actual cost per transaction by transaction type and uses this to determine the ETC Fee for the following year.

  • Changes made to the scope or service levels of transponder processing and collection activities being recovered through the ETC Fee shall not exceed changes being made consistent with best industry practices in transponder based tolling in the US toll road industry.

  • The allocation to the ETC Fee is periodically updated based on the percentage of time staff spent devoted to each transaction type; (c) Transponder costs; (d) E-ZPass/Transponder Customer Service Center/Walk-in Centers costs: costs associated with operating new walk-in customer service to support the P3 Program (outside MDTA’s current presence).

  • Based on MDTA's current projections as of November 2020, the estimated ETC Fee that will apply in 2027 (being the assumed opening year) is $0.11 per Trip, plus a fixed credit card fee of $0.01 per Trip and a variable credit card fee of 2.25% of nominal gross toll revenue.

  • The ETC Fee shall be adjusted on an annual basis as described in Section 29 (Determination of ETC Fee).

  • The "Transaction Fee" shall be the sum of the following fees and costs: (a) ETC Fee, (b) Personnel Oversight Costs, and (c) Capital Cost Fee.

  • Fixed costs are allocated to the ETC Fee using both a manual percentage allocation method, as well as a weighted method based on the number of transactions; (b) MDTA E-ZPass®/Transponder Operations and Finance fully loaded payroll costs is an allocated cost of staff involved in, and administering, the toll operations.

  • The "ETC Fee" shall be the average cost expected to be incurred by MDTA for the processing of a Transponder-based Trip.

  • Any overestimate or underestimate in the projected ETC Fee or Personnel Oversight Costs shall lead to a true-up adjustment to the ETC Fee or Personnel Oversight Costs in the subsequent year.

Related to ETC Fee

  • L/C Fee has the meaning specified in Section 2.03(i).

  • Hire Fee the hire fee specified in Item 13.

  • Set-Up Fee means a fee paid by a consumer to an Agency for the establishment of the DMP.

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).