Examples of The bonds in a sentence
G.1.2 The bonds or alternate performance security shall guarantee the Contractor's execution and completion of the work within the contract time.
The bonds shall be in the form of firm commitment, supported by corporate sureties whose names appear on the list contained in Treasury Department Circular 570, individual sureties, or by other acceptable security such as postal money order, certified check, cashier's check, irrevocable letter of credit, or, in accordance with Treasury Department regulations, certain bonds or notes of the United States.
The bonds are secured by the property financed and are payable solely from payments received on the underlying mortgage loans.
The bonds are to be issued by an acceptable Bonding Company licensed to do business in the State of Delaware and shall be issued in duplicate.
The bonds shall irrevocably obligate the Contractor and surety to the full amount of the bonds unless and until all of Contractor’s obligations under the Contract Documents have fully been fulfilled.