Common use of Second Maintenance Term Clause in Contracts

Second Maintenance Term. 4.2.1 TxDOT, in its sole and absolute discretion, shall have the option to extend the term of this Capital Maintenance Agreement for an additional five years (the “Second Maintenance Term”). The Second Maintenance Term shall commence as of the expiration of 4.2.2 If TxDOT elects to exercise its option rights for a Second Maintenance Term, TxDOT shall issue Maintenance NTP2 on or before 90 Days prior to the scheduled expiration of the Initial Maintenance Term. TxDOT shall have no liability to Maintenance Contractor for a failure to issue Maintenance NTP2.