CMA General Conditions definition
Examples of CMA General Conditions in a sentence
In the event TxDOT does not receive the Maintenance Security required under Section 3.2 of the CMA General Conditions by the deadline set forth therein, DB Contractor shall forfeit as liquidated damages and not as a penalty such sums, or if a letter of credit is provided in lieu of retained amounts, TxDOT shall have the right to draw on the letter of credit.
Obligee shall release this Bond on the date that is one year after the end of the Maintenance Period and upon such date thereafter that all of the conditions to release set forth in Section 3.2.3 of the CMA General Conditions have occurred.
Except as specifically permitted under Section 4.5 of the CMA General Conditions, DB Contractor shall be responsible for complying with the foregoing at its sole cost and without any additional compensation or time extension on account of such compliance, regardless of whether such compliance would require additional time for performance or additional labor, equipment or materials not expressly provided for in the CMC Documents.
Action against Guarantor under this Guaranty shall be subject to no prior notice or demand except for the notice provided in Section 7.6.2.1 of the CMA General Conditions.
If any abbreviation set forth above is also included in Section 1.1 of the CMA General Conditions, to the extent such definitions conflict, the abbreviation in Section 1.1 of the CMA General Conditions is hereby amended by the abbreviation set forth above.
During the term of this CMC, in full consideration for the performance by DB Contractor of its duties and obligations under the CMC Documents, TxDOT shall pay the Maintenance Price set forth in Exhibit 3 in accordance with the terms and conditions as set forth in Section 8 of the CMA General Conditions, subject to adjustment by Change Order in accordance with the CMC.
Abbreviations used in the CMC Documents but not otherwise defined in this CMA shall have the meaning set forth in Section 1.1 of the CMA General Conditions.
Disputes shall be resolved pursuant to the administrative rules promulgated in accordance with Section 201.112(a) of the Code, adopted by TxDOT in accordance with the Texas Administrative Procedure Act, and effective under Rule §9.2 of Subchapter A, Chapter 9, Part 1, Title 43 of the Texas Administrative Code and subject to (i) the procedures set forth in Section 4.7 of the CMA General Conditions and (ii) the requirements set forth in Exhibit 13 to this CMA.
TxDOT shall release the Retained Security Amount or letter of credit, as applicable, to DB Contractor upon the provision of the Maintenance Security required under Section 3.2 of the CMA General Conditions, which shall be no later than 14 days prior to the Initial Maintenance Term Commencement Date.
TxDOT shall release the Retained Security Amount or letter of credit, as applicable, to DB Contractor upon the provision of the Maintenance Security required under Section 3.2 of the CMA General Conditions, which shall be no later than 120 days prior to the Initial Maintenance Term Commencement Date.