Maintenance Bond means a bond issued by a surety company licensed to operate in the Province of Ontario to guarantee against any possible defects (on contractor work) after the completion of a contract for a specified period of time.
Maintenance Bond. A bond executed by a corporate surety for 10% of the Contract Price that complies with all Texas Laws, including but not limited to, Chapter 3503 of the Texas Insurance Code, guaranteeing the prompt, full and faithful performance of the general guaranty and warranty contained in the Contract Documents, and Texas Law. Project: The total construction of the work described in the Contract Documents performed by the Contractor, Other Contractor or the Owner in whole or part. Proposal: The written statement or statements duly submitted to the OWNER by the person, persons, partnership, company, firm, association or corporation proposing to do the Work contemplated, including the approved form on which the formal bids for the Work are to be proposed. Plan, or Plans: The plans are the drawings or reproductions therefrom made by the Owner or Owner’s Representative and approved by the Owner showing the dimensions, location, design and position of the various elements of the Project and Work, including plans, elevations, sections, details, schedules, diagrams, working drawings, preliminary drawings, and such supplemental drawings as the Owner may issue to clarify other drawings or for the purpose of showing changes in the Contract Work authorized by the Owner, or for showing details not shown therein.
Maintenance Bond means a bond furnished by the Developer and written by a corporate body qualified to write surety in the State of Washington, guaranteeing that the Developer will repair any defects found in the work within the time period as further identified herein.
Examples of Maintenance Bond in a sentence
If the Performance Bond provides for a one-year warranty a separate Maintenance Bond is not necessary.
Before commencing construction on the Public Improvements as required herein, the DEVELOPER shall obtain a Performance Bond, Payment Bond and Maintenance Bond, and/or require any contractor performing work on the Public Improvements to obtain a Performance Bond, Payment Bond and Maintenance Bond, as set forth below, each of which shall be issued naming the CITY as an obligee under the Bonds.
Upon acceptance of the dedication of the said Facilities and the completion of all requirements herein by Xxxxxxx, the Town agrees to commence immediately to maintain and operate the sewer collection and treatment Facilities, subject to the invocation of the provisions of the Maintenance Bond.
The financial guarantees for said off-site improvements have been included in the Performance Bond and Maintenance Bond set forth in this Agreement.
If the warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10% of the contract price is required.
More Definitions of Maintenance Bond
Maintenance Bond means a maintenance bond substantially in the form of Exhibit JJ or such other form of maintenance bond approved by the Finance Director, with a surety company approved by the Finance Director in its reasonable discretion and qualified to do business in the State of Connecticut, as surety, or such other form of security approved by the Finance Director (which may take the form of a guaranty in form and content and from a guarantor which have been approved by the Finance Director), such approvals not to be unreasonably withheld, conditioned or delayed.
Maintenance Bond. The successful Vendor shall provide a two (2) year maintenance bond covering the roofing system. The maintenance bond must be issued and received by the Xxxxxxxx University Office of Purchasing Office prior to Contract award. LICENSE(S) / CERTIFICATIONS / PERMITS: In addition to anything required under the Section entitled Licensing, of the General Terms and Conditions, the Vendor shall furnish proof of the following licenses, certifications, and/or permits prior to Contract award, in a form acceptable to the University.
Maintenance Bond means an agreement in the form of a surety bond by a subdivider, or developer with the City, for the amount so determined by the City to assure that public roads and facilities are maintained between time of completion by developer and formal acceptance of dedication by City Council.
Maintenance Bond. The apparent successful Vendor shall provide a two (2) year maintenance bond covering the roofing system. The maintenance bond must be issued and delivered to the Purchasing Division prior to Contract award. [ ] [ ] [ ] LICENSE(S) / CERTIFICATIONS / PERMITS: In addition to anything required under the Section of the General Terms and Conditions entitled Licensing, the apparent successful Vendor shall furnish proof of the following licenses, certifications, and/or permits upon request and in a form acceptable to the State. The request may be prior to or after contract award at the State’s sole discretion. [ ] [ ] The apparent successful Vendor shall also furnish proof of any additional licenses or certifications contained in the specifications regardless of whether or not that requirement is listed above.
Maintenance Bond means a bond furnished by the Owner and written by a corporate body qualified to write surety in the State of Washington, guaranteeing that the Owner will repair any defects found in the work within the time period as further identified herein, in a form as approved by the Town.
Maintenance Bond means a bond furnished by the Developer and written by a corporate body qualified to write surety in the State of Washington, guaranteeing that the Developer will repair
Maintenance Bond means a bond which guarantees that the permit holder will perform needed maintenance outlined in the permit. The bond protects the Village against loss due to the inability or refusal of the permit holder to perform to the conditions of the permit.