Common use of Notice of Conditional Election to Terminate 170 Clause in Contracts

Notice of Conditional Election to Terminate 170. 19.2.2 Developer Options Upon TxDOT Notice 171 19.2.3 TxDOT Options Upon Developer Notice 171 19.2.4 No Waiver 173 19.2.5 Concurrent Notices 173 19.2.6 Early Termination Date and Amount 173 19.3 Termination for Developer Default 173 19.3.1 Developer Defaults Triggering TxDOT Termination Rights 173 19.3.2 Compensation to Developer 174 19.3.3 Finality 174 19.3.4 Special Provision Regarding Financing Default 174 19.4 Termination for TxDOT Default, Suspension of Work or Delayed Notice to Proceed 174 19.5 Termination Procedures and Duties 175 19.6 No Separate Terminations of Agreement and Lease 180 19.7 Effect of Termination 181 19.7.1 Cessation of Developer’s Interest and Liens and Encumbrances 181 19.7.2 Project Trust Agreement 181 19.7.3 Contracts and Agreements 181 19.8 Liability After Termination; Final Release 181 19.9 Exclusive Termination Rights 182