Examples of Initial Maintenance Term Commencement Date 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.
In addition, TxDOT shall make available to DB Contractor all Utility permits issued after the Initial Maintenance Term Commencement Date.
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).
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.