Tree Loss Fees definition
Examples of Tree Loss Fees in a sentence
Notwithstanding any other provision set forth in the Contract Documents, performance by a Surety or Guarantor of any of the obligations of DB Contractor shall not relieve DB Contractor of any of its obligations hereunder, including the payment of Liquidated Damages, Lane Rental Charges, Key Personnel Change Fees, Tree Loss Fees or other deductions, damages or charges payable by DB Contractor under this Design-Build Contract.
For clarification, this provision does not excuse DB Contractor from including all amounts of Liquidated Damages, Key Personnel Change Fees, Tree Loss Fees and Lane Rental Charges owed to TxDOT within its Draw Request in accordance with Section 9.3.2, regardless of whether DB Contractor has received TxDOT’s invoice.
DB Contractor, the Surety and Guarantor shall not be relieved of liability for any continuing Liquidated Damages, Key Personnel Change Fees, Tree Loss Fees or Lane Rental Charges on account of a DB Contractor Default or by TxDOT’s declaration of an Event of Default, or by actions taken by TxDOT under this Section 8.8.2.
TxDOT also shall have the right to draw on any bond, certificate of deposit, letter of credit or other security provided by DB Contractor pursuant to this Design-Build Contract to satisfy Liquidated Damages, Key Personnel Change Fees, Tree Loss Fees and Lane Rental Charges not paid when due.