{"component": "clause", "props": {"groups": [{"samples": [{"hash": "4hzu4n0jWbx", "uri": "/contracts/4hzu4n0jWbx#performance-bonds", "label": "Purchase and Sale Agreement", "score": 33.7780303955, "published": true}, {"hash": "5QefgGcefhW", "uri": "/contracts/5QefgGcefhW#performance-bonds", "label": "Purchase and Sale Agreement (Gastar Exploration Inc.)", "score": 26.3442840576, "published": true}, {"hash": "5fSJesxCtHh", "uri": "/contracts/5fSJesxCtHh#performance-bonds", "label": "Purchase and Sale Agreement (Cubic Energy Inc)", "score": 24.7535934448, "published": true}], "size": 13, "snippet": "Buyer shall have obtained, or caused to be obtained, in the name of Buyer, replacements for Seller\u2019s and/or Seller\u2019s Affiliates\u2019 bonds, letters of credit and guarantees, and such other bonds, letters of credit and guarantees to the extent required by Section 7.05.", "snippet_links": [{"key": "buyer-shall", "type": "clause", "offset": [0, 11]}, {"key": "name-of-buyer", "type": "clause", "offset": [60, 73]}, {"key": "for-seller", "type": "clause", "offset": [88, 98]}, {"key": "letters-of-credit-and-guarantees", "type": "clause", "offset": [136, 168]}, {"key": "other-bonds", "type": "clause", "offset": [179, 190]}, {"key": "to-the-extent", "type": "clause", "offset": [225, 238]}, {"key": "required-by", "type": "definition", "offset": [239, 250]}], "hash": "b9878484939454ffd854c027e0f6d6eb", "id": 1}, {"samples": [{"hash": "iY1UNzpoQJ7", "uri": "/contracts/iY1UNzpoQJ7#performance-bonds", "label": "Master Contract", "score": 28.4411811829, "published": true}, {"hash": "4bcwXU7P9cP", "uri": "/contracts/4bcwXU7P9cP#performance-bonds", "label": "Master Contract", "score": 27.8608589172, "published": true}, {"hash": "fyzFb4cG8GH", "uri": "/contracts/fyzFb4cG8GH#performance-bonds", "label": "Master Contract", "score": 27.8499088287, "published": true}], "size": 6, "snippet": "The Contractor is responsible for obtaining performance bonds when required by the Purchaser.", "snippet_links": [{"key": "the-contractor", "type": "clause", "offset": [0, 14]}, {"key": "responsible-for", "type": "clause", "offset": [18, 33]}, {"key": "by-the-purchaser", "type": "clause", "offset": [76, 92]}], "hash": "aef3d67dd540f69cc1ed54de02559752", "id": 9}, {"samples": [{"hash": "azBbiItUhzg", "uri": "/contracts/azBbiItUhzg#performance-bonds", "label": "Financial Assistance Agreement", "score": 35.5529289246, "published": true}, {"hash": "6N86GpY3Ael", "uri": "/contracts/6N86GpY3Ael#performance-bonds", "label": "Financial Assistance Agreement", "score": 35.0609397888, "published": true}, {"hash": "39C5WTdxqTk", "uri": "/contracts/39C5WTdxqTk#performance-bonds", "label": "Financial Assistance Agreement", "score": 35.0583152771, "published": true}], "size": 11, "snippet": "The Municipality shall provide, or cause to be provided, performance bonds assuring the performance of the work to be performed under all construction contracts entered into with respect to the Project. All performance bonds required hereunder shall be issued by independent surety companies authorized to transact business in the State.", "snippet_links": [{"key": "the-municipality", "type": "definition", "offset": [0, 16]}, {"key": "work-to-be-performed", "type": "definition", "offset": [107, 127]}, {"key": "all-construction-contracts", "type": "clause", "offset": [134, 160]}, {"key": "entered-into", "type": "clause", "offset": [161, 173]}, {"key": "with-respect-to", "type": "clause", "offset": [174, 189]}, {"key": "the-project", "type": "clause", "offset": [190, 201]}, {"key": "bonds-required", "type": "clause", "offset": [219, 233]}, {"key": "issued-by", "type": "definition", "offset": [253, 262]}, {"key": "surety-companies", "type": "clause", "offset": [275, 291]}, {"key": "transact-business", "type": "definition", "offset": [306, 323]}, {"key": "in-the-state", "type": "definition", "offset": [324, 336]}], "hash": "2e1e82cfef204a38585f685b4432c671", "id": 2}, {"samples": [{"hash": "e4mrZ5CdACo", "uri": "/contracts/e4mrZ5CdACo#performance-bonds", "label": "Credit Agreement (Illuminet Holdings Inc)", "score": 18.0, "published": true}, {"hash": "cfQFlShapFG", "uri": "/contracts/cfQFlShapFG#performance-bonds", "label": "Credit Agreement (Illuminet Holdings Inc)", "score": 18.0, "published": true}, {"hash": "cINIftclp4R", "uri": "/contracts/cINIftclp4R#performance-bonds", "label": "Credit Agreement (Imagex Com Inc)", "score": 18.0, "published": true}], "size": 9, "snippet": "Performance bonds as required in the ordinary course of Borrower's business.", "snippet_links": [{"key": "as-required", "type": "clause", "offset": [18, 29]}, {"key": "ordinary-course", "type": "definition", "offset": [37, 52]}], "hash": "a076b94f21bff47ee20453f3de53475f", "id": 5}, {"samples": [{"hash": "lUqIp0cqtJ3", "uri": "/contracts/lUqIp0cqtJ3#performance-bonds", "label": "Master Agreement", "score": 25.5724201202, "published": true}, {"hash": "bKydAKdwRGO", "uri": "/contracts/bKydAKdwRGO#performance-bonds", "label": "Master Agreement", "score": 25.5724201202, "published": true}, {"hash": "3IfIzaGBESf", "uri": "/contracts/3IfIzaGBESf#performance-bonds", "label": "Master Agreement", "score": 23.42710495, "published": true}], "size": 8, "snippet": "Notwithstanding any provisions in this Agreement or any Individual Employment Contract signed by an Employee, the Employer agrees that no Employee shall be required to start work prior to the signing of a Letter of Adherence with the Council, accompanied by the appropriate Performance Bond to guarantee wages and other moneys due and payable, in the amounts of:", "snippet_links": [{"key": "agreement-or", "type": "definition", "offset": [39, 51]}, {"key": "signed-by", "type": "definition", "offset": [87, 96]}, {"key": "an-employee", "type": "clause", "offset": [97, 108]}, {"key": "the-employer", "type": "definition", "offset": [110, 122]}, {"key": "no-employee-shall-be", "type": "clause", "offset": [135, 155]}, {"key": "prior-to-the", "type": "clause", "offset": [179, 191]}, {"key": "signing-of", "type": "clause", "offset": [192, 202]}, {"key": "letter-of-adherence", "type": "definition", "offset": [205, 224]}, {"key": "the-council", "type": "clause", "offset": [230, 241]}, {"key": "performance-bond", "type": "definition", "offset": [274, 290]}, {"key": "wages-and", "type": "clause", "offset": [304, 313]}, {"key": "due-and-payable", "type": "definition", "offset": [327, 342]}], "hash": "20616f5c7d2af8c9bc4512c45c62c038", "id": 6}, {"samples": [{"hash": "7hgC9pNsmGi", "uri": "/contracts/7hgC9pNsmGi#performance-bonds", "label": "Payment Protections Agreement", "score": 28.2226791382, "published": true}, {"hash": "37wSAdHHxxA", "uri": "/contracts/37wSAdHHxxA#performance-bonds", "label": "Escrow Agreement", "score": 22.6097278595, "published": true}, {"hash": "hr6MrsdI7xY", "uri": "/contracts/hr6MrsdI7xY#performance-bonds", "label": "Escrow Agreement", "score": 21.9828701019, "published": true}], "size": 5, "snippet": "Unless the con- tracting officer determines that a less- er amount is adequate for the protec- tion of the Government, the penal amount of performance bonds must equal\u2014\n(i) 100 percent of the original con- tract price; and\n(ii) If the contract price increases, an additional amount equal to 100 percent of the increase.", "snippet_links": [{"key": "the-government", "type": "definition", "offset": [103, 117]}, {"key": "the-original", "type": "clause", "offset": [188, 200]}, {"key": "price-increases", "type": "clause", "offset": [244, 259]}, {"key": "additional-amount", "type": "definition", "offset": [264, 281]}, {"key": "equal-to", "type": "definition", "offset": [282, 290]}], "hash": "979280f85d5f23333155394af0e08f72", "id": 10}, {"samples": [{"hash": "aATQ8jlN8W7", "uri": "/contracts/aATQ8jlN8W7#performance-bonds", "label": "Master Loan Agreement (Green Plains Renewable Energy, Inc.)", "score": 21.0, "published": true}, {"hash": "ljest3gbw47", "uri": "/contracts/ljest3gbw47#performance-bonds", "label": "Master Loan Agreement (Advanced BioEnergy, LLC)", "score": 19.0, "published": true}, {"hash": "gjfHK55nRWr", "uri": "/contracts/gjfHK55nRWr#performance-bonds", "label": "Master Loan Agreement (East Fork Biodiesel, LLC)", "score": 19.0, "published": true}], "size": 7, "snippet": "Provide performance bonds, in form and content acceptable to Agent, for construction and related contracts upon request by Agent.", "snippet_links": [{"key": "form-and-content", "type": "clause", "offset": [30, 46]}, {"key": "for-construction", "type": "clause", "offset": [68, 84]}, {"key": "related-contracts", "type": "definition", "offset": [89, 106]}, {"key": "upon-request", "type": "definition", "offset": [107, 119]}, {"key": "by-agent", "type": "clause", "offset": [120, 128]}], "hash": "31c8dddd9c8044a352c9f621eee04c50", "id": 7}, {"samples": [{"hash": "mIt5WNN7wb", "uri": "/contracts/mIt5WNN7wb#performance-bonds", "label": "Furnishing and Installing Agreement", "score": 25.8665294647, "published": true}, {"hash": "lyvMfkv7Vzf", "uri": "/contracts/lyvMfkv7Vzf#performance-bonds", "label": "Furnish and Install Agreement", "score": 24.7344284058, "published": true}, {"hash": "j4BFPh26pgF", "uri": "/contracts/j4BFPh26pgF#performance-bonds", "label": "Supply and Service Agreement", "score": 22.1567420959, "published": true}], "size": 10, "snippet": "The Contractor shall obtain a performance bond in the amount indicated to the right. For Performance Bond Form see Attachment 2b. N/A PART G ARTICLE 27 PAYMENT BONDS The Contractor shall obtain a payment bond in the amount indicated to the right. For Payment Bond Form see Attachment 2a. N/A", "snippet_links": [{"key": "the-contractor-shall", "type": "clause", "offset": [0, 20]}, {"key": "a-performance-bond", "type": "clause", "offset": [28, 46]}, {"key": "the-right", "type": "clause", "offset": [74, 83]}, {"key": "for-performance", "type": "clause", "offset": [85, 100]}, {"key": "bond-form", "type": "definition", "offset": [101, 110]}, {"key": "see-attachment", "type": "definition", "offset": [111, 125]}, {"key": "part-g", "type": "definition", "offset": [134, 140]}, {"key": "payment-bonds", "type": "clause", "offset": [152, 165]}, {"key": "a-payment-bond", "type": "clause", "offset": [194, 208]}, {"key": "for-payment", "type": "clause", "offset": [247, 258]}], "hash": "dc4eba23fa881ce481e0fdf8754e044f", "id": 3}, {"samples": [{"hash": "j7XReapYi3F", "uri": "/contracts/j7XReapYi3F#performance-bonds", "label": "Credit Agreement (Carson Inc)", "score": 18.0, "published": true}, {"hash": "buHNN9vJV8t", "uri": "/contracts/buHNN9vJV8t#performance-bonds", "label": "Credit Agreement (Carson Inc)", "score": 18.0, "published": true}, {"hash": "8KXpffCrE6H", "uri": "/contracts/8KXpffCrE6H#performance-bonds", "label": "Credit Agreement (Styling Technology Corp)", "score": 18.0, "published": true}], "size": 9, "snippet": "On the Closing Date, the Agent shall be reasonably satisfied that the Borrower will be able to service and maintain any performance bonds that may be required in the ordinary course of business on reasonable terms and conditions.", "snippet_links": [{"key": "the-closing-date", "type": "clause", "offset": [3, 19]}, {"key": "the-agent-shall", "type": "clause", "offset": [21, 36]}, {"key": "borrower-will", "type": "clause", "offset": [70, 83]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [159, 193]}, {"key": "terms-and-conditions", "type": "definition", "offset": [208, 228]}], "hash": "8d2ec544e7a65a06b9cb69d5af9f7d4b", "id": 4}, {"samples": [{"hash": "5WdmqDWXNYW", "uri": "/contracts/5WdmqDWXNYW#performance-bonds", "label": "Contract", "score": 33.5097694397, "published": true}, {"hash": "cInFuZNW3w4", "uri": "/contracts/cInFuZNW3w4#performance-bonds", "label": "Contract", "score": 31.3362998962, "published": true}, {"hash": "jcYHug1nmN", "uri": "/contracts/jcYHug1nmN#performance-bonds", "label": "Contract", "score": 31.0480155945, "published": true}], "size": 7, "snippet": "(Standard Form 25). The penal amount of performance bonds at the time of contract award shall be 100 percent of the original contract price.", "snippet_links": [{"key": "standard-form", "type": "clause", "offset": [1, 14]}, {"key": "contract-award", "type": "clause", "offset": [73, 87]}, {"key": "original-contract-price", "type": "definition", "offset": [116, 139]}], "hash": "8b3788e1c606a9cbef9dcb24e39cc47f", "id": 8}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpwZXJmb3JtYW5jZS1ib25kcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["", ""], ["amount-and-form-of-bond", "Amount and Form of Bond"], ["performance-bond", "PERFORMANCE BOND"], ["notification-of-surety-companies", "NOTIFICATION OF SURETY COMPANIES"], ["cancellation-or-replacement", "Cancellation or Replacement"]], "size": 381, "parents": [["conditions-to-sellers-obligations", "Conditions to Seller\u2019s Obligations"], ["negative-covenants", "NEGATIVE COVENANTS"], ["conditions-to-closing", "Conditions to Closing"], ["miscellaneous", "Miscellaneous"], ["conditions-precedent", "Conditions Precedent"]], "title": "Performance Bonds", "id": "performance-bonds", "related": [["performance-bond", "Performance Bond", "Performance Bond"], ["performance-bond-and-payment-bond", "Performance Bond and Payment Bond", "Performance Bond and Payment Bond"], ["performance-bid-bond", "PERFORMANCE / BID BOND", "PERFORMANCE / BID BOND"], ["performance-and-payment-bonds", "Performance and Payment Bonds", "Performance and Payment Bonds"], ["performance-bonuses", "Performance Bonuses", "Performance Bonuses"]], "related_snippets": [], "updated": "2025-11-05T05:44:28+00:00", "also_ask": ["What key terms must be included in a performance bond clause to ensure enforceability?", "How can the clause be negotiated to balance risk between owner and contractor?", "What are the most common pitfalls or fatal flaws in drafting performance bond provisions?", "How do performance bond requirements differ across jurisdictions or project types?", "What evidence is typically required in court to enforce a performance bond claim?"], "drafting_tip": "Specify bond amount and conditions for release to ensure clarity of obligations; require reputable sureties to guarantee reliability; define default triggers to facilitate enforceability.", "explanation": "A Performance Bonds clause requires a contractor or service provider to obtain a financial guarantee, typically from a bank or insurance company, ensuring that they will fulfill their contractual obligations. This bond acts as a security for the project owner, who can claim compensation if the contractor fails to complete the work as agreed. By mandating performance bonds, the clause protects the project owner from financial loss due to non-performance or default, thereby allocating risk and promoting accountability in contractual relationships."}, "json": true, "cursor": ""}}