Common use of Completion Guaranties Clause in Contracts

Completion Guaranties. The Original Contractor Guarantor has executed and delivered the Original Completion Guaranty, a copy of which is attached as Exhibit J-1, under which it shall guarantee to the Concessionaire and the Department the performance and completion of all of the Original Design-Build Contractor’s obligations under the Original Design-Build Contract (including, but not limited to, its warranty and indemnification obligations). The NEXT Contractor Guarantor is executing and delivering the NEXT Completion Guaranty, a copy of which is attached as Exhibit J-2 as of the Second Amended and Restated Agreement Date, under which it shall guarantee to the Concessionaire and the Department the performance and completion of all of the NEXT Design-Build Contractor’s obligations under the NEXT Design-Build Contract (including, but not limited to, its warranty and indemnification obligations).

Appears in 2 contracts

Sources: Comprehensive Agreement, Comprehensive Agreement