Construction Payment and Performance Bonds. As noted in Section 7.10 of this Agreement.
Construction Payment and Performance Bonds. Before starting any construction or installation, LICENSEE shall furnish payment and performance bonds in an amount necessary to restore the Site and Licensed Area to its pre- installation condition in the event LICENSEE fails to complete the installation of the System in accordance with this SLA. The payment and performance bonds shall be required only through the Commercial Operation Date. The bond requirements are further specified in Exhibit L.
Construction Payment and Performance Bonds. Prior to any commencement of any construction, alteration, or repair hereunder by Concessionaire that exceeds Ten Thousand Dollars ($10,000.00) in cost, Concessionaire shall furnish to the County, at Concessionaire’s sole cost, a performance bond and a payment bond issued by a surety Concessionaire licensed to transact business in the State of Wisconsin and approved by the County, in a form approved by the County. The penal amount of each bond shall not be less than one hundred percent (100%) of the total cost of the contract or contracts for the construction, alteration, or repair. In the event that such contract(s) involve alteration or work on or to the County’s facilities, the performance and payment bonds shall be posted regardless of the dollar value of the work. The payment bond required by this Section shall guarantee the prompt payment to all persons supplying labor, materials, provisions, supplies, and equipment used directly or indirectly by any contractor, subcontractor(s), and suppliers doing work provided for in the above‐mentioned construction contract, and the performance bond shall guarantee the full performance of the work.
Construction Payment and Performance Bonds. Prior to the commencement of the construction of any part of the Tenant’s Improvements, and at any time that Tenant undertakes any construction on the Demised Premises, Tenant shall obtain and deliver to Landlord, at no cost to Landlord, performance and payment bonds consistent with and pursuant to the requirements set forth in the Facility Lease.
Construction Payment and Performance Bonds. Prior to any commencement of any construction, alteration, or repair hereunder by Concessionaire which exceeds Twenty Thousand Dollars ($20,000.00) in cost, Concessionaire shall furnish to the Authority, at Concessionaire's sole cost, evidence of performance and payment bond issued by a surety company licensed to transact business in the State of North Carolina and approved by the Authority, in a form approved by the Authority, naming Concessionaire as Obligee and its contractor as Principal therein. The penal amount of each bond shall be one hundred percent (100%) of the total contract cost of the contract or contracts for the construction, alteration, or repair. The payment bond required by this Section shall guarantee the prompt payment to all persons supplying labor, materials, provisions, supplies, and equipment used directly or indirectly by any contractor, subcontractor(s), and suppliers doing work provided for in the above-mentioned construction contract, and the performance bond shall guarantee the full performance of the work.
Construction Payment and Performance Bonds. Prior to any commencement of any construction, alteration, or repair hereunder by Concessionaire that exceeds Ten Thousand Dollars ($10,000.00) in cost, Concessionaire shall furnish to the Authority, at Concessionaire’s sole cost, a performance bond and a payment bond issued by a surety company licensed to transact business in the State of Nebraska and approved by the Authority, in a form approved by the Authority. The penal amount of each bond shall not be less than one hundred percent (100%) of the total cost of the contract or contracts for the construction, alteration, or repair. In the event that such contract(s) involve alteration or work on or to the Authority's facilities, the performance and payment bonds shall be posted regardless of the dollar value of the work. The payment bond required by this Section shall guarantee the prompt payment to all persons supplying labor, materials, provisions, supplies, and equipment used directly or indirectly by any contractor, subcontractor(s), and suppliers doing work provided for in the above-mentioned construction contract, and the performance bond shall guarantee the full performance of the work.
