ADDITIONAL BOND SECURITY. The Contractor will promptly furnish additional security required to protect Owner and persons supplying labor or materials required by this Contract if: (1) Owner has a reasonable objection to the surety; or (2) any surety fails to furnish reports on its financial condition if required by Owner.
Appears in 1 contract
Sources: Public Works Contract
ADDITIONAL BOND SECURITY. The Contractor will shall promptly furnish additional security required to protect Owner and persons supplying labor or materials required by this the Contract if: (1) Documents if Owner has a reasonable objection to the surety; or (2) any surety fails to furnish reports on its financial condition if required requested by Owner.
Appears in 1 contract
Sources: Construction Services Contract
ADDITIONAL BOND SECURITY. The Contractor will shall promptly furnish additional security required to protect Owner the Authority and persons supplying labor or materials required by under this Contract ifin the following situations: (1) Owner has a reasonable objection If any surety upon any bond furnished with this Contract becomes unacceptable to the suretyAuthority; or (2) If any surety fails to furnish reports on its financial condition if as required by Ownerthe Authority.
Appears in 1 contract
Sources: General Provisions Agreement
ADDITIONAL BOND SECURITY. The Contractor will shall promptly furnish additional security required to protect Owner the Authority and persons supplying labor or materials required by under this Contract ifAgreement in the following situations: (1) Owner has a reasonable objection If any surety upon any bond furnished with this Agreement becomes unacceptable to the suretyAuthority; or (2) If any surety fails to furnish reports on its financial condition if as required by Ownerthe Authority.
Appears in 1 contract
Sources: Sample Agreement