Common use of Subject to Sections 8 Clause in Contracts

Subject to Sections 8. 1.4 and 8.1.5, DB Contractor shall be paid for Maintenance Services provided under this Capital Maintenance Agreement, a monthly payment equivalent to one-twelfth (1/12) of the “yearly maintenance cost” for Section 1 for the applicable Maintenance Term year as set forth in Attachment 1 to Exhibit 4, plus one-twelfth (1/12) of the “yearly maintenance cost” for Section 2A for the applicable Maintenance Term year as set forth in Attachment 2 to Exhibit 4 if TxDOT exercised the Section 2A Option for such Maintenance Term, plus one- twelfth (1/12) of the “yearly maintenance cost” for each LE Maintenance Item for the applicable Maintenance Term year as set forth in Attachment 3 to Exhibit 4 if TxDOT exercised the LE Option for such Maintenance Term. Such amount shall be payable in arrears pursuant to Draw Requests submitted on the first day of each month of such Maintenance Term year.

Appears in 4 contracts

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

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