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Builder with the City, the County or the Approving Authorities (as defined below) to complete the Work; and (b) all warranties, bonds and other financial assurances required to obtain final acceptance and approval of the Work. In connection therewith, if Owner has not obtained Replacement Performance Bonds within one hundred twenty (120) days following the Termination Date, Contractor may (without limitation) take such actions as are necessary to reduce and release any Performance Bond at commercially reasonable times and in a commercially reasonable manner, and Owner shall cooperate with Contractor, as reasonably requested by Contractor, in such efforts. To the extent Contractor is required to incur any expense in connection with the Performance Bonds after the Termination Date, Owner shall reimburse Contractor for such expense within five (5) business days of Contractor\u2019s demand, and (ii) in all cases Owner shall reimburse Contractor for draws or demands on Performance Bonds to the extent such draws are not related to any Work that was defective. On and after the Termination Date, Owner shall indemnify, defend and hold harmless Contractor (and Contractor\u2019s members, managers, partners, shareholders, employees, directors, officers, agents, affiliates, successors and assigns) from any loss, damage, expense, suit or action as a result of: (a) any claims against the Performance Bonds relating to Work performed or to be performed on and after the Termination Date; and (b) Owner\u2019s failure to timely deliver the Replacement Performance Bonds and obtain a corresponding exoneration of Contractor\u2019s Performance Bonds.", "hash": "cd5298727b100e89e9f7a1709606342e", "id": 5}, {"samples": [{"hash": "bz1Ub4hPrCT", "uri": "/contracts/bz1Ub4hPrCT#performance-bonds", "label": "Participation Agreement (Human Genome Sciences Inc)", "score": 21.0, "published": true}, {"hash": "bMjTvcM1qQT", "uri": "/contracts/bMjTvcM1qQT#performance-bonds", "label": "Participation Agreement (United Therapeutics Corp)", "score": 21.0, "published": true}, 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House by each Clearing Member as security for its obligations to the Clearing House pursuant to CME Rule 820, CBOT Rule 820, NYMEX Rule 820 or any other similar Rule, as applicable.", "id": "performance-bonds", "examples": ["In Texas, <strong>Performance Bonds</strong> are required when the project is valued at greater than $100,000 and Payment Bonds on jobs over $25,000.", "Should the Bid, Payment and <strong>Performance Bonds</strong> be issued by co-sureties, each surety listed on the bond shall meet the requirements in paragraphs a.", "Payment and <strong>Performance Bonds</strong> are required on all Public Works Improvement Projects per the ISPWC and the City of Meridian Supplemental Specifications &amp; Drawings to the ISPWC, which by this reference are made a part hereof.", "Pursuant to CME Rule 817, CBOT Rule 817, NYMEX Rule 817 and any other similar Rules, as applicable, the Company has the authority, as Member Attorney-in-Fact on behalf of the Clearing Members, to cause the <strong>Performance Bonds</strong> of Clearing Members to be subject to the Lien of the Collateral Documents to secure the Secured Obligations (it being understood that only those Security Deposits and <strong>Performance Bonds</strong> which are Eligible Assets shall be pledged under the Collateral Documents).", "On signing this contract Contractor shall deliver to Public Agency for approval good and sufficient Payment and <strong>Performance Bonds</strong> with sureties, in amount(s) specified in the specifications or special provisions, guaranteeing Contractor\u2019s faithful performance of this contract and Contractor\u2019s payment for all labor and materials hereunder.", "Contractor shall deliver to Owner Insurance and Payment and <strong>Performance Bonds</strong> to be attached hereto as Exhibit A.", "The Faithful Performance Bond, once obtained, shall be attached to this Construction Services Agreement as Exhibit \u201cE.\u201d In the event the GMP is increased in accordance with the provisions set forth in Section 9, above, Contractor must increase the Faithful <strong>Performance Bonds</strong> to equal the revised GMP.", "Costs of premium adjustments, consequent upon changes ordered, for Payment and <strong>Performance Bonds</strong> are allowable for the prime Contractor only.", "The Payment and <strong>Performance Bonds</strong> shall be in the amount of the Contract Sum.", "The premium for the Payment and <strong>Performance Bonds</strong> shall be paid by Contractor."], "related": [["performance-bond", "Performance Bond", "Performance Bond"], ["transition-bonds", "Transition bonds", "Transition bonds"], ["performance-compensation-award", "Performance Compensation Award", "Performance Compensation Award"], ["performance-bank-guarantee", "Performance Bank Guarantee", "Performance Bank Guarantee"], ["performance-security", "Performance Security", "Performance Security"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00"}, "json": true, 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