Common use of Additional Maintenance Terms Clause in Contracts

Additional Maintenance Terms. TxDOT, in it is sole and absolute discretion, shall have the sole option to extend the term of this Maintenance Agreement for up to four additional, five-year terms, for a maximum of 25 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 Comprehensive Maintenance Agreement. If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 270 days prior to the scheduled expiration of the prior Maintenance Term.

Additional Maintenance Terms. TxDOT, in it is sole and absolute discretion, shall have the sole option to extend the term of this Maintenance Agreement for up to four two additional, five-year terms, for a maximum of 25 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 Comprehensive Capital Maintenance Agreement. If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 270 180 days prior to the scheduled expiration of the prior Maintenance Term.