Notice to Surety. If the Contractor shall have been given notice to remedy leaks or defects pursuant to the Contract Documents and has been declared in default by the Owner and the Owner has terminated the Contractor’s right to complete the remedy, the Surety shall be notified in writing and shall promptly perform this bond agreement in accordance with its terms and conditions. If Surety chooses to investigate, Owner shall cooperate with the Surety in its investigation and shall make all public project records available for inspection by Surety at no cost to Owner. It shall be the duty of the Surety to give an unequivocal notice in writing to the Owner, within twenty‑five (25) days after receipt of such notice, of the Surety's election to either remedy the leaks and defects promptly, time being of the essence. In said notice of election, the Surety shall indicate the date on which the remedy or performance will commence, and it shall then be the duty of the Surety to give prompt notice in writing to the Owner immediately upon completion of the remedy and/or correction of the leaks or defects. The Surety shall not assert its Principal as justification for its failure to give notice of election or for its failure to promptly remedy the leaks or defects.
Notice to Surety. If the Contractor shall have been given notice to remedy leaks or defects pursuant to the Contract Documents and has been declared in default by the Owner and the Owner has terminated the Contractor’s right to complete the remedy, the Surety shall be notified in writing and shall promptly perform this bond agreement in accordance with its terms and conditions. If Surety chooses to investigate, Owner shall cooperate with the Surety in its investigation and shall make all public project records available for inspection by Surety at no cost to Owner. It shall be the duty of the Surety to give an unequivocal notice in writing to the Owner, within twenty-five
Notice to Surety. Owner, or Contractor shall be mailed or delivered to the addresses shown on the signature page. Actual receipt of notice by Xxxxxx, Owner, or Contractor, however accomplished, shall be sufficient compliance as of the date received at the address shown on the signature page.
Notice to Surety. Owner, or Contractor shall be mailed or delivered to the address shown on the signature page.
Notice to Surety. Developer/Owner, Beaver & Shingle Creek or Contractor shall be mailed or delivered to the address shown above.
Notice to Surety. Owner, or Contractor shall be mailed or delivered to the addresses shown on the signature page. Actual receipt of notice by Xxxxxx, Owner, or Contractor, however accomplished, shall be sufficient compliance as of the date received at the address shown on the signature page. 13. When this Bond has been furnished to comply with a statutory requirement in the location where the Contract was to be performed, any provision in this Bond conflicting with said statutory requirement shall be deemed deleted and provisions conforming to such statutory requirement shall be deemed incorporated herein. The intent is that this Bond shall be construed as a statutory Bond and not as a common law bond. 14. Upon request of any person or entity appearing to be a potential beneficiary of this Bond, Contractor shall promptly furnish a copy of this Bond or shall permit a copy to be made. 15. DEFINITIONS 15.1. Claimant: An individual or entity having a direct contract with Contractor, or with a first-tier subcontractor of Contractor, to furnish labor, materials, or equipment for use in the performance of the Contract. The intent of this Bond shall be to include without limitation in the terms "labor, materials or equipment" that part of water, gas, power, light, heat, oil, gasoline, telephone service, or rental equipment used in the Contract, architectural and engineering services required for performance of the Work of Contractor and Contractor's Subcontractors, and all other items for which the labor, materials, or equipment were furnished. 15.2.
Notice to Surety. If within ten (10) calendar days after the City has notified the Contractor of a defect, failure, or abnormality in the work, the Contractor has not started to make the necessary corrections or adjustments, the City may file a claim under the Performance and Payment Bonds and is hereby authorized to make the corrections or adjustments, or to order the work to be done by a third party. The cost of the work shall be paid by the Contractor.
Notice to Surety. In case the Contractor should abandon or fail or refuse to resume work after written notification or if the Contractor fails to comply with the orders of City’s Representative when such orders are consistent with this Agreement, and the City Representative declares the work to be abandoned, then the surety on the bond shall be notified in writing and directed to complete the work, and a copy of said notice shall be delivered to the Contractor.
Notice to Surety. Indemnitors shall notify Surety as soon as any Indemnitor becomes aware of the happening of any Event of Default. This notice, and any other notice to Surety, shall be addressed as follows: Zurich Surety, Red Brook Corporate Center, 000 Xxx Xxxxx Xxxx., 0xx Xxxxx, Xxxxxx Xxxxx, Xxxxxxxx 00000, Attention: Vice President, Contract Surety.
Notice to Surety. If the Contractor shall have been given notice to remedy leaks or defects pursuant to the Contract Documents and has been declared in default by the Ow ner and the Ow ner has terminated the Contractor’s right to complete the remedy, the Surety shall be notified in w riting and shall promptly perform this bond agreement in accordance w ith its terms and conditions. If Surety chooses to investigate, Ow ner shall cooperate w ith the Surety in its investigation and shall make all public project records available f or inspection by Surety at no cost to Ow ner. It shall be the duty of the Surety to give an unequivocal notice in w riting to the Ow ner, w ithin tw en ty-five
