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.
Sample 1Sample 2Sample 3
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.]
Sample 1

Examples of Tolling Method Gain 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.

  • If TxDOT permits a Tolling Method Change, Developer agrees to pay to TxDOT 80% of any Tolling Method Gain resulting therefrom [(provided that TxDOT shall be entitled to 100%, rather than 80%, of any Tolling Method Gain if the Tolling Method Change is the result of a Compensation Event described in clause (u) of the definition of “Compensation Event”)], determined and payable pursuant to subsection (a) or (b) below, as elected by Developer.

  • 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.

  • 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.

  • 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.

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 a payment method that Stripe accepts as part of the Stripe Payments Services (e.g., a Visa credit card, Klarna).

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, change the Default Settlement Method by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent.

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

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Residual Gain or "Residual Loss" means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 2.B.1(a) or 2.B.2(a) of Exhibit C to eliminate Book-Tax Disparities.

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • Method Detection Level or “MDL” means the minimum concentration of an analyte (substance) that can be measured and reported with a ninety- nine percent (99%) confidence that the analyte concentration is greater than zero (0) as determined by procedure set forth in 40 CFR 136, Appendix B. The method detection level or MDL is equivalent to the LOD.

  • Partner Minimum Gain means an amount, with respect to each Partner Nonrecourse Debt, equal to the Partnership Minimum Gain that would result if such Partner Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Member Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Look-Back Year means the twelve (12) month period preceding the Determination Year.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Unrealized Gain attributable to any item of Partnership property means, as of any date of determination, the excess, if any, of (a) the fair market value of such property as of such date (as determined under Section 5.5(d)) over (b) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.5(d) as of such date).

  • Partner Nonrecourse Debt Minimum Gain has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2).

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • BPD means barrels per day.