Common use of TxDOT Remedies Clause in Contracts

TxDOT Remedies. 12.3.1 If any DB Contractor Maintenance Default described in Section 12.1 is not subject to cure or is not cured within the period (if any) specified in Section 12.2, or if the circumstances described in Section 12.3.11.4 exist, TxDOT may declare that an “Event of Default” has occurred and notify DB Contractor to discontinue the Maintenance Services. The declaration of an Event of Default shall be in writing and given to DB Contractor, with a copy to Surety and any Guarantor. In addition to all other rights and remedies provided by Law or equity and such rights and remedies as are otherwise available under the CMA Documents, including the Maintenance Performance Bond, any letter of credit, and Guaranty, if an Event of Default shall occur, TxDOT shall have the following rights without further notice and without waiving or releasing DB Contractor from any obligations, and DB Contractor shall have the following obligations (as applicable):

TxDOT Remedies. 12.3.1 If any DB Contractor Maintenance Default described in Section 12.1 is not subject to cure or is not cured within the period (if any) specified in Section 12.2, or if the circumstances described in Section 12.3.11.4 exist, TxDOT may declare that an “Event of Default” has occurred and notify DB Contractor to discontinue the Maintenance Services. The declaration of an Event of Default shall be in writing and given to DB Contractor, with a copy to Surety and any Guarantor. In addition to all other rights and remedies provided by Law or equity and such rights and remedies as are otherwise available under the CMA Documents, including the Maintenance Performance Bond, any letter of credit, and Guaranty, if an Event of Default shall occur, TxDOT shall have the following rights without further notice and without waiving or releasing DB Contractor from any obligations, obligations and DB Contractor shall have the following obligations (as applicable):

TxDOT Remedies. 12.3.1 If any DB Contractor Maintenance Default described in Section 12.1 is not subject to cure or is not cured within the period (if any) specified in Section 12.2, or if the circumstances described in Section 12.3.11.4 exist, TxDOT may declare that an “Event of Default” has occurred and notify DB Contractor to discontinue the Maintenance Services. The declaration of an Event of Default shall be in writing and given to DB Contractor, with a copy to Surety and any Guarantor. In addition to all other rights and remedies provided by Law or equity and such rights and remedies as are otherwise available under the CMA COMA Documents, including the Maintenance Performance Bond, any letter of credit, and Guaranty, if an Event of Default shall occur, TxDOT shall have the following rights without further notice and without waiving or releasing DB Contractor from any obligations, obligations and DB Contractor shall have the following obligations (as applicable):