Common use of Maintenance Security Clause in Contracts

Maintenance Security. DB Contractor shall provide to TxDOT no later than 120 days prior to the Initial Maintenance Term Commencement Date, and shall maintain at all times during the Maintenance Period, including during the Initial Maintenance Term and all subsequent Maintenance Terms for which a Maintenance NTP has been issued, adequate security securing DB Contractor’s obligations hereunder in the form of either (i) the P&P Letter of Credit in accordance with Sections 3.3.1 and

Maintenance Security. DB Contractor shall provide to TxDOT no later than 120 days prior to the Initial Maintenance Term Commencement Date, and shall maintain at all times during the Maintenance Period, including during the Initial Maintenance Term and all subsequent Maintenance Terms for which a Maintenance NTP has been issued, adequate security securing DB Contractor’s obligations hereunder in the form of either (i) the P&P Letter of Credit in accordance with Sections 3.3.1 3.2.1 and

Maintenance Security. ‌ DB Contractor shall provide to TxDOT no later than 120 days prior to the Initial Maintenance Term Commencement Date, and shall maintain at all times during the Maintenance Period, including during the Initial Maintenance Term and all subsequent Maintenance Terms for which a Maintenance NTP has been issued, adequate security securing DB Contractor’s obligations hereunder in the form of either (i) the P&P Letter of Credit in accordance with Sections 3.3.1 andand 3.3.2 or (ii) the Maintenance Performance Bond and Maintenance Payment Bond in accordance with Section 3.3.3.