Examples of Initial Maintenance Term in a sentence
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.
The Initial Maintenance Term shall commence one year after Final Acceptance of the Project to be constructed in accordance with the Design-Build Agreement (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, unless terminated earlier in accordance with the terms of this Capital Maintenance Agreement.
In addition, TxDOT shall make available to DB Contractor all Utility permits issued after the Initial Maintenance Term Commencement Date.
Charges during the Initial Maintenance Term shall be in accordance with Table 8-2.
Point shall be increased commencing on the Initial Maintenance Term Commencement Date and annually thereafter throughout the Maintenance Period by the percentage based on CPI set forth in Section 8.1.4 of the CMA General Conditions (provided that the comparison CPI shall be the CPI published for the month three months prior to the month in which the Initial Maintenance Term Commencement Date occurs and three months before each anniversary of such month thereafter).
Maintenance Specification shall mean Exhibit 2 of the Comprehensive Maintenance Agreement Maintenance Term shall mean the Initial Maintenance Term, Second Maintenance Term or Third Maintenance Term, as appropriate.
The Second Maintenance Term shall commence as of the expiration of the Initial Maintenance Term and shall continue for a period of five years, unless terminated earlier in accordance with the terms hereof.
No later than 90 days prior to the date that is one year after Final Acceptance of the Project to be constructed under the Design-Build Agreement (the commencement of the Initial Maintenance Term), TxDOT shall either: (a) issue Maintenance NTP1 to Maintenance Contractor; or (b) terminate this Capital Maintenance Agreement.
Following the delivery of the initial Maintenance Management Plan, Maintenance Contractor shall submit to TxDOT, for TxDOT’s review and approval, a Maintenance Management Plan update meeting the requirements of Section 1903 of Exhibit 2 by each anniversary of the Initial Maintenance Term Commencement Date.
DB Contractor shall procure and keep in effect, or cause to be procured and kept in effect with DB Contractor as a named insured, as appropriate, the insurance policies required in accordance with this Section 3.3, not later than 10 days prior to the Initial Maintenance Term Commencement Date, and shall maintain such insurance at all times during the Maintenance Period.