Examples of Maintenance NTP1 in a sentence
Immediately following the issue of Maintenance NTP1, DB Contractor and TxDOT shall jointly perform a pre-condition inspection.
No later than 180 Days prior to the Initial Maintenance Term Commencement Date, TxDOT shall either (a) issue Maintenance NTP1 to DB Contractor or (b) be deemed to terminate this CMA, as more particularly provided in Section 14.9.
TxDOT shall release the $500,000 or the letter of credit, as applicable, to DB Contractor upon (a) the provision of the bonds required under Section 7.1 of the CMA within 60 days after TxDOT’s issuance of Maintenance NTP1 or (b) the election of TxDOT not to issue Maintenance NTP1 within 365 days after Final Acceptance.
Upon Substantial Completion, TxDOT shall assume the maintenance obligations (except for landscape maintenance during the establishment period in accordance with Good Industry Practice); provided, however, that, upon the issuance of Maintenance NTP1 under the Capital Maintenance Agreement, the Maintenance Contractor shall be responsible for the Maintenance Services pursuant to the terms of the Maintenance Agreement Documents.
TxDOT shall release the $10 million or letter of credit, as applicable, to DB Contractor upon the earlier of (a) the provision of the bonds required under Section 7.1 of the COMA within 60 days after TxDOT’s issuance of Maintenance NTP1, or (b) 365 days after Final Acceptance if TxDOT has not issued Maintenance NTP1.
Of course, this violence should not obscure the changes that have taken place historically.
All records obtained during the Warranty Periods shall be kept and provided to TxDOT at the end of the last Warranty Period.C. Maintenance Contractor shall submit the MMP to TxDOT for review and approval no later than 60 Days following the issuance of Maintenance NTP1.
TxDOT shall release the retained $[insert amount of Maintenance Security] or letter of credit, as applicable, to DB Contractor upon (a) the provision of the Maintenance Security required under Section 7 of the CMA within 60 days after TxDOT’s issuance of Maintenance NTP1, or (b) the election of TxDOT not to issue Maintenance NTP1 within 180 days after Final Acceptance.
The initial maintenance term shall commence on the date of Substantial Completion of the Project in accordance with the DB Agreement with the issuance by TxDOT of Maintenance NTP1 (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 Comprehensive Maintenance Agreement (the “Initial Maintenance Term”).
After TxDOT issues Maintenance NTP1, DB Contractor shall coordinate with TxDOT to achieve a smooth transition of maintenance activities from TxDOT so that DB Contractor is mobilized and ready to commence the Maintenance Services upon the Initial Maintenance Term Commencement Date.