Common use of Additional Maintenance Terms Clause in Contracts

Additional Maintenance Terms. 2.4.1 After the Initial Maintenance Term, this CMC gives TxDOT the right to exercise, in its discretion, up to two consecutive option periods described in Section 2.4.2, requiring DB Contractor to provide Maintenance Services for the Project in accordance with the terms and conditions of the CMC Documents. 2.4.2 TxDOT, in its discretion, shall have the sole option to extend the term of this CMC for up to two additional five-year terms, for a maximum of 15 years. Each additional five-year term shall commence as of the expiration of the prior Maintenance Term and continue for a period of five years, unless terminated earlier in accordance with the terms of this CMC. 2.4.3 If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 180 days prior to the scheduled expiration of the prior Maintenance Term.

Additional Maintenance Terms. 2.4.1 After the Initial Maintenance Term, this CMC gives TxDOT the right to exercise, in its discretion, up to two consecutive option periods described in Section 2.4.2, requiring DB Contractor to provide Maintenance Services for the Project in accordance with the terms and conditions of the CMC Documents. 2.4.2 TxDOT, in its discretion, shall have the sole option to extend the term of this CMC Maintenance Period for up to two additional five-year terms, for a maximum of 15 years. Each additional five-year term shall commence as of the expiration of the prior Maintenance Term and continue for a period of five years, unless terminated earlier in accordance with the terms of this CMC. 2.4.3 If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 180 days prior to the scheduled expiration of the prior Maintenance Term.