TxDOT Remedies. 12.3.1 If any Maintenance Contractor 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, TxDOT may declare that an “Event of Default” has occurred and notify Maintenance Contractor to discontinue the Maintenance Services. The declaration of an Event of Default shall be in writing and given to Maintenance Contractor, with a copy to Surety. 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 Maintenance Contractor from any obligations and Maintenance Contractor shall have the following obligations (as applicable):
Appears in 3 contracts
Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement
TxDOT Remedies. 12.3.1 If any Maintenance Contractor 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, TxDOT may declare that an “Event of Default” has occurred and notify Maintenance Contractor to discontinue the Maintenance Services. The declaration of an Event of Default shall be in writing and given to Maintenance Contractor, with a copy to SuretySurety and 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 Letter of creditCredit, and Guaranty, if an Event of Default shall occur, TxDOT shall have the following rights without further notice and without waiving or releasing Maintenance Contractor from any obligations and Maintenance Contractor shall have the following obligations (as applicable):
Appears in 1 contract
Samples: Capital Maintenance Agreement
TxDOT Remedies. 12.3.1 If any Maintenance Contractor 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, TxDOT may declare that an “Event of Default” has occurred and notify Maintenance Contractor to discontinue the Maintenance Services. The declaration of an Event of Default shall be in writing and given to Maintenance Contractor, with a copy to Surety. 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 Maintenance Contractor from any obligations and Maintenance Contractor shall have the following obligations (as applicable):
Appears in 1 contract
Samples: Comprehensive Maintenance Agreement