Common use of Bond or Security Clause in Contracts

Bond or Security. At any time during the Term of this Agreement, CenturyLink may request and Supplier will furnish a performance and/or payment bond or other financial instrument for any specific Job in an amount and on a form to be determined by CenturyLink. The bond must be written by a surety company having at a minimum a “Best’s” rating of A- VII and be listed on the Department of the Treasury’s Listing of Approved Sureties.