Common use of Guarantee Bond Clause in Contracts

Guarantee Bond. 2.1. The Guarantor guarantees to the Employer that in the event of a breach of the Building Contract by the Contractor the Guarantor shall subject to the provisions of this Performance Bond satisfy and discharge the damages sustained by the Employer as established and ascertained 9 Delete as appropriate. pursuant to and in accordance with the provisions of or by reference to the Building Contract and taking into account all sums due or to become due to the Contractor.

Guarantee Bond. 2.1. 2.1 The Guarantor guarantees to the Employer that in the event of a breach of the Building Contract by the Contractor the Guarantor shall subject to the provisions of this Performance Bond satisfy and discharge the damages sustained by the Employer as established and ascertained 9 Delete as appropriate. pursuant to and in accordance with the provisions of or by reference to the Building Contract and taking into account all sums due or to become due to the Contractor.and

Guarantee Bond. 2.1. 2.1 The Guarantor guarantees to the Employer that in the event of a breach of the Building Contract by the Contractor the Guarantor shall subject to the provisions of this Performance Bond satisfy and discharge the damages sustained by the Employer as established and ascertained 9 Delete as appropriate. pursuant to and in accordance with the provisions of or by reference to the Building Contract and taking into account all sums due or to become due to the Contractor.