TxDOT Remedies for Developer Default Sample Clauses

TxDOT Remedies for Developer Default. The CDA will set forth certain remedies of TxDOT for Developer default not cured within the applicable cure period, including: • Assessment of Noncompliance Points for a specified breach or performance failure, in accordance with a detailed schedule set forth in the CDA. TxDOT’s remedies associated with accumulation of Noncompliance Points include increased oversight, liquidated damages and termination. • Right to enter and take control of the Project to cure the default, restore the permitted uses and reopen and continue operations for the benefit of Developer and the public. • Certain rights to ensure implementation of and compliance with Safety Standards. • Right to suspend work for certain Developer defaults. • Right to recover damages for a Developer default, including liquidated damages for delay, for single Noncompliance Points, and for specified persistent Developer defaults. • Right to make demand upon, draw on, and enforce and collect any bonds, letters of credit, guaranty, or other performance security available to TxDOT for Developer default. • Right to declare an anticipatory breach for persistent Developer default and demand assurances of future performance. • Right to appoint a receiver. • Right to terminate in the event of a Developer default that, after delivery of a warning notice, becomes a default termination event. In no event will Developer be liable for punitive damages or any indirect, incidental, or consequential damages except as set out in the CDA, whether arising out of breach of the CDA or the Lease, tort (including negligence), or any other theory of liability.
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