Common use of Maintenance Term Clause in Contracts

Maintenance Term. The term of this Capital Maintenance Agreement includes a five-year initial term that TxDOT may extend by up to two additional, five-year terms at its sole discretion. The maximum term of this Capital Maintenance Agreement, including all extensions thereof, is 15 years.

Appears in 3 contracts

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

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Maintenance Term. The term of this Capital Maintenance Agreement includes a five-year initial optional term that TxDOT may extend by up to two additional, additional five-year terms optional terms, in each case to be implemented at its sole TxDOT’s discretion. The maximum term of this Capital Maintenance Agreement, including all extensions thereof, is 15 years.

Appears in 3 contracts

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

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