Examples of Initial Maintenance Term in a sentence
TxDOT shall release the retained $[insert amount of Maintenance Security] or letter of credit, as applicable, to DB Contractor upon the provision of the Maintenance Security required under Section 3.3 of the CMA General Conditions, which shall be no later than 120 days prior to the Initial Maintenance Term Commencement Date.
This Baseline Condition Score will be used during the Initial Maintenance Term to apply Section 1-2.01 of Exhibit 16.
Such guaranty, in the form attached as Exhibit 9 to this Comprehensive Maintenance Agreement, assures performance of Maintenance Contractor’s obligations hereunder and shall be maintained in full force and effect throughout the duration of this Comprehensive Maintenance Agreement.] Maintenance Contractor shall report to TxDOT, on a yearly basis upon each anniversary of the Initial Maintenance Term Commencement Date, the Tangible Net Worth of Maintenance Contractor, its equity members, and any Guarantors.
Following the delivery of the initial Maintenance Management Plan, Maintenance Contractor shall submit to TxDOT, for TxDOT’s review and approval, an updated Maintenance Management Plan meeting the requirements of Section 0120 of Exhibit 2 to this Comprehensive Maintenance Agreement by each anniversary of the Initial Maintenance Term Commencement Date or more often as may be required pursuant to Section 0120 of Exhibit 2.
The Second Maintenance Term shall commence as of the expiration of the Initial Maintenance Term and shall continue for a period of five years, unless terminated earlier in accordance with the terms hereof.
If the Initial Maintenance Term or any renewal thereof expires without being renewed, Customer may thereafter resume receiving Hardware Maintenance Services upon (a) notification to PES and (b) the granting to PES of access to the Products.
Customer shall not permit any individual other than a PES Representative to provide maintenance or repairs with respect to the Products for so long as the Initial Maintenance Term or any Renewal Period is in effect.
If TxDOT elects to exercise such option, the Initial Maintenance Term shall commence upon Substantial Completion of the Project to be constructed in accordance with the Design-Build Agreement (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, unless terminated earlier in accordance with the terms of this Comprehensive Maintenance Agreement.