Common use of The Bond Clause in Contracts

The Bond. Surety hereby unconditionally, absolutely, and irrevocably guarantees to ERCOT and its successors and assigns the full punctual payment and performance by the Principal of all of the Principal’s payment obligations to ERCOT under the Standard Form Agreement and/or ERCOT Protocols (the “Obligations” or “Obligation”). As used in this Surety Bond, the term Obligations or Obligation means, collectively, the following:

The Bond. The Bond. Surety hereby unconditionally, absolutely, and irrevocably guarantees to ERCOT and its successors and assigns the full punctual payment and performance by the Principal of all of the Principal’s payment obligations to ERCOT under the Standard Form Agreement and/or ERCOT Protocols (the “Obligations” or “Obligation”). ”).”) in an aggregate amount that is not greater than Amount of this Bond. As used in this Surety Bond, the term Obligations or Obligation means, collectively, the following:

The Bond. The Bond. Surety hereby unconditionally, absolutely, and irrevocably guarantees to ERCOT and its successors and assigns the full punctual payment and performance by the Principal of all of the Principal’s payment obligations to ERCOT under the Standard Form Agreement and/or ERCOT Protocols (the “Obligations” or “Obligation”)) in an aggregate amount that is not greater than Amount of this Bond. As used in this Surety Bond, the term Obligations or Obligation means, collectively, the following:

The Bond. Surety hereby unconditionally, absolutely, and irrevocably guarantees to ERCOT and its successors and assigns the full punctual payment and performance by the Principal of all of the Principal’s payment obligations to ERCOT under the Standard Form Agreement and/or ERCOT Protocols (the “Obligations” or “Obligation”)) in an aggregate amount that is not greater than Amount of this Bond. As used in this Surety Bond, the term Obligations or Obligation means, collectively, the following:

The Bond. Surety hereby unconditionally, absolutely, and irrevocably guarantees to ERCOT and its successors and assigns the full punctual payment and performance by the Principal of all of the Principal’s payment obligations to ERCOT under the Standard Form Agreement and/or ERCOT Protocols (the “Obligations” or “Obligation”). ”).”) in an aggregate amount that is not greater than Amount of this Bond. As used in this Surety Bond, the term Obligations or Obligation means, collectively, the following: