Tolling Method Gain definition

Tolling Method Gain means the amount or schedule of amounts determined pursuant to Section 4.8.5 or 4.8.6, as applicable.
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Tolling Method Gain means, for a Tolling Method Change, an amount equal to the difference of (a) the Net Present Value of the Distributions to be made over the remaining Term following such Tolling Method Change, as projected immediately prior to the effectiveness thereof, minus (b) the Net Present Value of the Distributions to be made over the remaining Term prior to such Tolling Method Change, as projected immediately prior to the effectiveness thereof; but in no event less than zero.
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Tolling Method Gain means, for a Tolling Method Change, an amount equal to the difference of (a) the Net Present Value of the Net Revenue Payments to be made over the remaining Term following such Tolling Method Change, as projected immediately prior to the effectiveness thereof, minus (b) the Net Present Value of the Net Revenue Payments to be made over the remaining Term prior to such Tolling Method Change, as projected immediately prior to the effectiveness thereof; but in no event less than zero. [For clarity, if TxDOT grants Developer permission to use Image-Based Billing as a result of a Compensation Event described under clause (u) of the definition of “Compensation Event” (as contemplated by the proviso in Section 10(a) of Exhibit 10), the Tolling Method Gain shall be determined after taking into account the deficiency, if any, caused by the lack of HCTRA interoperability.]
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Examples of Tolling Method Gain in a sentence

  • For clarity, the intent of the foregoing calculation is to provide payment to TxDOT equal to 80% of the nominal aggregate forecasted Annual Tolling Method Gains, but not to exceed in any year the difference between actual Net Project Cash Flows following the Tolling Method Change and forecasted Net Project Cash Flows without the Annual Tolling Method Gain for that year.

  • If Developer elects to pay such portion pursuant to Section 4.8.5, the Cumulative Tolling Method Gain shall not include the difference between Net Project Cash Flows during the liquidity period under the second forecast and Net Project Cash Flows during the liquidity period under the first forecast.

  • If Developer elects to pay such portion pursuant to Section 4.8.6, the Annual Tolling Method Gain for any year wholly or partially occurring during the liquidity period shall not include the difference between Net Project Cash Flows during the liquidity period under the second forecast and Net Project Cash Flows during the liquidity period under the first forecast (which difference will be treated as $0 for purposes of determining the Annual Tolling Method Gain during the liquidity period).

  • 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.

  • In determining whether to permit a Tolling Method Change, ▇▇▇▇▇ may consider, among other things, whether TxDOT agrees with ▇▇▇▇▇▇▇▇▇’s calculation of the Tolling Method Gain or the traffic and revenue study and whether TxDOT determines the Tolling Method Gain to be sufficient compensation to TxDOT to permit the Tolling Method Change.

  • Developer shall include with such request Developer’s calculation of the anticipated Tolling Method Gain and any back-up documentation for its calculation, including at a minimum a true and complete copy of a preliminary traffic and revenue study and analysis showing the projected effects (including data on past Toll Revenues and projected future Toll Revenues with and without the potential Tolling Method Change) and a reasonably detailed statement quantifying such effects.

  • Developer shall pay TxDOT’s portion of each year’s Tolling Method Gain at the same time that Developer would be required to pay the Revenue Payment Amount for such year (if sufficient Toll Revenues were earned, regardless of whether any Revenue Payment Amount is actually owing for such year).

  • If Developer pays TxDOT its portion of the Tolling Method Gain pursuant to Section 4.8.2(b), then, to avoid paying duplicate compensation to TxDOT for Toll Revenues used to pay the annual Tolling Method Gain to TxDOT, each annual payment to TxDOT paid to date under Section 4.8.2(b) shall be deducted from cumulative Toll Revenues to date for the purposes of Section 4.2.1.

  • If TxDOT permits a Tolling Method Change, ▇▇▇▇▇▇▇▇▇ agrees to pay to TxDOT 50% of any Tolling Method Gain resulting therefrom.

  • In determining whether to permit a Tolling Method Change, TxDOT may consider, among other things, whether TxDOT agrees with Developer’s calculation of the Tolling Method Gain or the traffic and revenue study and whether TxDOT determines the Tolling Method Gain to be sufficient compensation to TxDOT to permit the Tolling Method Change.


More Definitions of Tolling Method Gain

Tolling Method Gain means the amount or schedule of amounts determined pursuant to Section 4.8.2(a) or (b). [For clarity, if TxDOT grants Developer permission to use Image-Based Billing as a result of a Compensation Event described under clause (u) of the definition of “Compensation Event” (as contemplated by the proviso in Section 10(a) of Exhibit 10), the Tolling Method Gain shall be determined after taking into account the deficiency, if any, caused by the lack of HCTRA interoperability.]
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Related to Tolling Method Gain

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Payment Method means, in relation to any sum stated to be payable or paid pursuant to the Agreement, account name, account number, bank name, swift code, bank code and branch code or wallet address, in the case of a sum stated to be payable or paid by cryptocurrency specified by the payee of such sum at least five Business Days prior to the date of payment to the payee and in the case of Coinllectibles to the account notified to the payer from time to time and the payment of the Sale Price to Coinllectibles, which shall be paid by the Purchaser as soon as practicable after each sale of the DOT.

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that (x) subject to Section 5.03(A)(iii), the Company may, from time to time, change the Default Settlement Method, to any Settlement Method that the Company is then permitted to elect, by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent; and (y) the Default Settlement Method will be subject to Section 5.03(A)(ii).

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.