Common use of Rights Reserved Clause in Contracts

Rights Reserved. In submitting a bid, it is understood and agreed by bidder that the right is reserved by TJPA to reject any and all bids, or part of any bid, and it is agreed that a bid may not be withdrawn for a period of ninety (90) days subsequent to the opening of bids, without the written consent of the TJPA. It is also understood and agreed that if a bidder should withdraw any part or all of its bid within ninety (90) days after the bid opening without the written consent of the TJPA, shall refuse or be unable to enter into this Agreement, or refuse or be unable to furnish adequate and acceptable Performance Bonds and Labor and Material Payments Bonds, or refuse or be unable to furnish adequate and acceptable insurance, it shall forfeit its bid security to the extent of TJPA’s damages occasioned by such withdrawal, or refusal, or inability to enter into an agreement, or provide adequate security therefor. It is further understood and agreed that to the extent the defaulting bidder's Bid Bond, Certified Check, Cashier's Check, Treasurer's Check, and/or Official Bank Check (excluding any income generated thereby which has been retained by the TJPA) shall prove inadequate to fully recompense the TJPA for the damages occasioned by default, then a bidder agrees to indemnify the TJPA and pay over to the TJPA the difference between the bid security and the TJPA’s total damages, so as to make the TJPA whole. A bidder understands that any material alteration of any of the above or any of the material contained on this form, other than that requested, will render the bid unresponsive.

Appears in 6 contracts

Samples: Attachment 2, Attachment 2, Attachment 2

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Rights Reserved. In submitting a bidthis Bid, it is understood and agreed by bidder that the right is reserved by TJPA (Recipient) to reject any and all bids, or part of any bid, and it is agreed that a bid the Bid may not be withdrawn for a period of [ninety (90) )] days subsequent to the opening of bids, without the written consent of the TJPA(Recipient). It is also understood and agreed that if a the undersigned bidder should withdraw any part or all of its his bid within [ninety (90) )] days after the bid opening without the written consent of the TJPA(Recipient), shall refuse or be unable to enter into this AgreementContract, as provided above, or refuse or be unable to furnish adequate and acceptable Performance Bonds and Labor and Material Payments Bonds, as provided above, or refuse or be unable to furnish adequate and acceptable insurance, it as provided above, he shall forfeit its his bid security to the extent of TJPA’s (Recipient's) damages occasioned by such withdrawal, or refusal, or inability to enter into an agreement, or provide adequate security therefor. It is further understood and agreed that to the extent the defaulting bidder's Bid Bond, Certified Check, Cashier's Check, Treasurer's Check, and/or Official Bank Check (excluding any income generated thereby which has been retained by (Recipient) as provided in [Item x "Bid Security" of the TJPAInstructions to Bidders]) shall prove inadequate to fully recompense the TJPA (Recipient) for the damages occasioned by default, then a the undersigned bidder agrees to indemnify the TJPA (Recipient) and pay over to the TJPA (Recipient) the difference between the bid security and the TJPA’s (Recipient's) total damages, so as to make the TJPA (Recipient) whole. A bidder The undersigned understands that any material alteration of any of the above or any of the material contained on this form, other than that requested, requested will render the bid unresponsive.. Performance and Payment Bonding Requirements (Construction) The Contractor shall be required to obtain performance and payment bonds as follows:

Appears in 5 contracts

Samples: www.gpcog.org, www.maine.gov, www.maine.gov

Rights Reserved. In submitting a bidthis Bid, it is understood and agreed by bidder that the right is reserved by TJPA MTA to reject any and all bids, or part of any bid, and it is agreed that a bid the Bid may not be withdrawn for a period of ninety (90) days subsequent to the opening of bids, without the written consent of the TJPAMTA. It is also understood and agreed that if a the undersigned bidder 1) should withdraw any part or all of its his bid within ninety (90) days after the bid opening without the written consent of the TJPAMTA, shall 2) should refuse or be unable to enter into this AgreementContract, or as provided above, 3) refuse or be unable to furnish adequate and acceptable Performance Bonds and Labor and Material Payments Bonds, as provided above, or 4) refuse or be unable to furnish adequate and acceptable insurance, it as provided above, he shall forfeit its his bid security to the extent of TJPAMTA’s damages occasioned by such withdrawal, or refusal, or inability to enter into an agreement, or provide adequate security therefortherefore. It is further understood and agreed that to the extent the defaulting bidder's ’s Bid Bond, Certified Check, Cashier's Xxxxxxx’s Check, Treasurer's ’s Check, and/or Official Bank Check (excluding any income generated thereby which has been retained by the TJPAMTA) shall prove inadequate to fully recompense the TJPA MTA for the damages occasioned by default, then a the undersigned bidder agrees to indemnify the TJPA MTA and pay over to the TJPA MTA the difference between the bid security and the TJPAMTA’s total damages, so as to make the TJPA MTA whole. A bidder The undersigned understands that any material alteration of any of the above or any of the material contained on this form, other than that requested, requested will render the bid unresponsive.

Appears in 2 contracts

Samples: www.mtaflint.org, www.mtaflint.org

Rights Reserved. In submitting a bidthis Bid, it is understood and agreed by bidder that the right is reserved by TJPA MTA to reject any and all bids, or part of any bid, and it is agreed that a bid the Bid may not be withdrawn for a period of ninety (90) days subsequent to the opening of bids, without the written consent of the TJPAMTA. It is also understood and agreed that if a the undersigned bidder 1) should withdraw any part or all of its his bid within ninety (90) days after the bid opening without the written consent of the TJPAMTA, shall 2) should refuse or be unable to enter into this AgreementContract, or as provided above, 3) refuse or be unable to furnish adequate and acceptable Performance Bonds and Labor and Material Payments Bonds, as provided above, or 4) refuse or be unable to furnish adequate and acceptable insurance, it as provided above, he shall forfeit its his bid security to the extent of TJPAMTA’s damages occasioned by such withdrawal, or refusal, or inability to enter into an agreement, or provide adequate security therefortherefore. It is further understood and agreed that to the extent the defaulting bidder's ’s Bid Bond, Certified Check, Cashier's ’s Check, Treasurer's ’s Check, and/or Official Bank Check (excluding any income generated thereby which has been retained by the TJPAMTA) shall prove inadequate to fully recompense the TJPA MTA for the damages occasioned by default, then a the undersigned bidder agrees to indemnify the TJPA MTA and pay over to the TJPA MTA the difference between the bid security and the TJPAMTA’s total damages, so as to make the TJPA MTA whole. A bidder The undersigned understands that any material alteration of any of the above or any of the material contained on this form, other than that requested, requested will render the bid unresponsive.

Appears in 1 contract

Samples: www.mtaflint.org

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Rights Reserved. In submitting a bid, it is understood and agreed by bidder that the right is reserved by TJPA to reject any and all bids, or part of any bid, and it is agreed that a bid may not be withdrawn for a period of ninety (90) days subsequent to the opening of bids, without the written consent of the TJPA. It is also understood and agreed that if a bidder should withdraw any part or all of its bid within ninety (90) days after the bid opening without the written consent of the TJPAtheTJPA, shall refuse or be unable to enter into this Agreement, or refuse or be unable to furnish adequate and acceptable Performance Bonds and Labor and Material Payments Bonds, or refuse or be unable to furnish adequate and acceptable insurance, it shall forfeit its bid security to the extent of TJPA’s damages occasioned by such withdrawal, or refusal, or inability to enter into an agreement, or provide adequate security therefor. It is further understood and agreed that to the extent the defaulting bidder's Bid Bond, Certified Check, Cashier's Check, Treasurer's Check, and/or Official Bank Check (excluding any income generated thereby which has been retained by the TJPA) shall prove inadequate to fully recompense the TJPA for the damages occasioned by default, then a bidder agrees to indemnify the TJPA and pay over to the TJPA the difference between the bid security and the TJPA’s total damages, so as to make the TJPA whole. A bidder understands that any material alteration of any of the above or any of the material contained on this form, other than that requested, will render the bid unresponsive.

Appears in 1 contract

Samples: Lease

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