Bond Term. The Bond shall remain in full force and effect at least until complete performance of this Contract and payment of all claims for materials and labor, at which time it will convert to a ten percent (10%) warranty bond, which shall remain in place until the end of the warranty periods set forth in this Contract. The Bond shall be renewed annually, at least sixty (60) days in advance of its expiration, and Contractor shall provide timely proof of annual renewal to City.
Bond Term. The Series E Bonds will expire March 1, 2015.
Bond Term. Bond Term means the period from the date of this Agreement until the later of the end of the Performance Period and the date on which the State Bonds that financed a related Bond Financed Grant are no longer outstanding.
