Common use of Additional Maintenance Terms Clause in Contracts

Additional Maintenance Terms. 4.2.1 TxDOT, in its discretion, shall have the option to extend the term of this CMA 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 CMA. 4.2.2 If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 90 days prior to the scheduled expiration of the

Appears in 4 contracts

Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement

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