Common use of Surety Agreement Clause in Contracts

Surety Agreement. For purposes of this document, the term Developer shall also include the principal named on the applicable performance guarantee. [9] State the amount of the financial instrument and/or security to be provided to the City of Raleigh. This amount shall be 1.25 x the estimated cost to construct the private stormwater control measure(s) that are listed in Exhibit A of this Private Stormwater Control Measure(s) Surety Agreement as such estimate has been approved by City of Raleigh staff. EXAMPLE Upon approval by City staff as to the form of this Agreement and related exhibits, attachments and maps, it may be executed by the Developer and formally submitted for final review and/or approval by the City. City of Raleigh Case File No. ID:

Surety Agreement. For purposes of this document, the term Developer shall also include the principal named on the applicable performance guarantee. EXAMPLE [9] State the amount of the financial instrument and/or security to be provided to the City of Raleigh. This amount shall be 1.25 x the estimated cost to construct the private stormwater control measure(s) that are listed in Exhibit A of this Private Stormwater Control Measure(s) Surety Agreement as such estimate has been approved by City of Raleigh staff. EXAMPLE Upon approval by City staff as to the form of this Agreement and related exhibits, attachments and maps, it may be executed by the Developer and formally submitted for final review and/or approval by the City. City of Raleigh Case File No. ID:: _