Bond Premiums Sample Clauses
The Bond Premiums clause defines which party is responsible for paying the costs associated with obtaining any required bonds, such as performance or payment bonds, under a contract. Typically, this clause specifies whether the contractor or the project owner must cover the expense of the bond premiums, and may outline the process for reimbursement if applicable. Its core practical function is to allocate financial responsibility for bond-related costs, ensuring clarity and preventing disputes over who bears these expenses during the course of the project.
Bond Premiums. The actual rate of bond premiums as paid on the total cost (including taxes) will be allowed, but with no markup for profit and overhead.
Bond Premiums. Direct cost of amounts actually paid or to be paid during the applicable billing period by Contractor for premiums solely attributable to the Work for Contractor’s On-Demand Bonds to the extent required by Owner, and direct cost of amounts paid or to be paid during the applicable billing period for Subcontractor bond premiums.
Bond Premiums. The actual rate of bond premium as paid on the additional Direct Cost plus the cost of taxes defined in 8.3.2 will be allowed. No Overhead and Profit will be allowed on such premiums.
Bond Premiums. In the event the Seller shall be required as a condition of the sale of equipment to furnish a performance bond, the Buyer shall pay as a part of the purchase price of said equipment all bond premiums and expense in connection therewith.
Bond Premiums a) The full amount of the bond to guarantee temporary release or suspended sentence of the driver.
b) A bond to guarantee repair of the damages caused by the Insured Vehicle in the accident, up to an amount equal to the insured sum for civil liability specified on the title page of this Policy; this benefit shall be applied when the bond is necessary to obtain the temporary release of the driver or release of the Insured Vehicle.
Bond Premiums. Direct cost of amounts actually paid by Contractor for premiums solely attributable to the Work for Contractor’s Performance and Payment Bonds to the extent required by Owner, direct cost of amounts actually paid by Contractor for a Louisiana Tax Bond and direct amounts paid for Subcontractor bond premiums.
Bond Premiums. In the event Seller shall be required as a condition of the manufacture and sale of Goods to furnish a price performance bond, the Buyer shall pay in addition to the purchase price of said Goods all bond premiums and expenses in connection herewith.