Examples of Recovery Schedule in a sentence
Prior to exercising any remedy of termination under Section 21, TxDOT shall provide Developer with a reasonable opportunity to develop a Recovery Schedule to make-up the delay.
All costs incurred by Developer in preparing and achieving the Recovery Schedule shall be borne by Developer and shall not result in a change to Developer’s compensation or price.
Developer may invoice TxDOT for any amounts withheld pursuant to this Section 10.6.1 at any time after approval of a Recovery Schedule by TxDOT.
If a Recovery Schedule is required under this Section 10.6.1, Developer shall have the right to receive only 75% of the amount of each milestone payment, if any, until such time as Developer has prepared and TxDOT has approved such Recovery Schedule.
Each Recovery Schedule shall be subject to TxDOT’s written approval.