Segment 1 definition
Examples of Segment 1 in a sentence
DB Contractor to proceed with Work hereunder shall be provided through TxDOT’s issuance of NTP1, Segment 1 NTP2 and Segment 2 NTP2, as applicable.
Upon the issuance by TxDOT of Segment 2 NTP2 , the amount of the Performance Bond shall increase to [ ] [add to the Segment 1 NTP Performance Bond Amount one hundred percent (100%) of the Segment 2 Price allocable to the Construction Work (including any Option Work) (equal to Line(s) of Form(s) M- [ ]) (“NTP2 Performance Bond Amount”), in accordance with the Performance Bond rider for Segment 2 included in Exhibit 9 effecting such increase.
The Maximum Payment Schedule shall be calculated based on the monthly expenditure rate set forth in Exhibit 5A for Segment 1 and Exhibit 5B for Segment 2.
Upon the issuance by TxDOT of Segment 2 NTP2, the amount of the Payment Bond shall increase to [ ] [add to the Segment 1 NTP Performance Bond Amount one hundred percent (100%) of the Segment 2 Price allocable to Construction Work (including any Option Work) (equal to Line(s) of Form M-[ ])] (“NTP2 Payment Bond Amount”) in accordance with the Payment Bond rider for Segment 2 included in Exhibit 10 effecting such increase.
Initially, the Warranty Bond shall apply to the Final Acceptance of Segment 1.