Bond Forms Clause Samples
The "Bond Forms" clause defines the specific formats or templates that must be used for any bonds required under the contract, such as performance or payment bonds. It typically stipulates that all bonds must adhere to certain standards or be in a form approved by the relevant party, often attaching sample forms as exhibits or referencing industry-standard documents. This clause ensures consistency and legal sufficiency in the bonding process, reducing the risk of disputes over the validity or adequacy of the bonds provided.
Bond Forms. The form of the Series 22 Bonds and the Master Trustee’s certificate of authentication, shall be substantially in the form set forth in Exhibit A hereto, with such variations, omissions and insertions as are required or permitted by the Master Trust Agreement or the Master Trustee.
Bond Forms. 35 Section 2.01. Forms Generally................................................................. 35 Section 2.02. Form of Trustee's Certificate of Authentication................................. 35 ARTICLE III
Bond Forms. 10.2.1 Developer shall execute or cause the Contractor to execute the surety performance and payment bond substantially in the form attached as Exhibit H, or as otherwise reasonably approved by the City.
10.2.2 The Contractor shall be the principal, and the surety shall be a corporate surety satisfactory to the City. A performance and payment bond obtained from a captive insurance company or other entity related in any way to Developer shall not be permitted. The bond shall be conditioned upon the full and proper performance of the work in accordance with the plans and specifications approved by the City and upon the payment of all materials and labor in connection with the development and construction of the Project.
Bond Forms. Each bond given or tendered to the City pursuant to this Design-Build Contract must be on the City forms (Transaction Forms B through F), with no changes made by the Design-Builder or the Surety, and must be dated, executed, and accompanied by a power of attorney stating that the attorney in fact executing the bond has requisite authority to execute such bond. The bonds must be dated and must be no more than 30 days old when delivered to the City.
Bond Forms