Common use of Payment and Performance Bonds Clause in Contracts

Payment and Performance Bonds. If required by Applicable Laws and Requirements for the Improvements, the General Contractor shall be required under the Construction Documents to furnish and maintain in full force and effect performance and labor and material payment bonds in the full amount of the project cost, as set forth in the Construction Documents. The bonds shall be in form and substance and issued by a corporate surety reasonably satisfactory to Developer, Developer's lender, and the UG.

Payment and Performance Bonds. If required by Applicable Laws and Requirements for the Improvements, the The General Contractor shall be required under the Construction Documents to furnish and maintain in full force and effect performance and labor and material payment bonds in the full amount of the project cost, as set forth in the Construction Documents. The Said bonds shall be in form and substance and issued by a corporate surety reasonably satisfactory to Developer, Developer's lender, Developer and the UGCity. Said bonds shall be in favor of Developer and the City.

Payment and Performance Bonds. If required by Applicable Laws and Requirements for the Improvements, the The General Contractor shall be required under the Construction Documents to furnish and maintain in full force and effect performance and labor and material payment bonds in the full amount of the project costTotal Project Costs, as set forth in the Construction Documents. The Said bonds shall be in form and substance and issued by a corporate surety reasonably satisfactory to Developer, Developer's lender, Developer and the UG.

Payment and Performance Bonds. If required by Applicable Laws and Requirements for the ImprovementsRequirements, the General Contractor shall be required under the Construction Documents to furnish and maintain in full force and effect performance and labor and material payment bonds in the full amount of the project costProject Costs, as set forth in the Construction Documents. The Said bonds shall be in form and substance and issued by a corporate surety reasonably satisfactory to Developer, Developer's lender, Developer and the UG.

Payment and Performance Bonds. If required by Applicable Laws and Requirements for the Improvements, the The General Contractor shall be required under the Construction Documents to furnish and maintain in full force and effect performance and labor and material payment bonds in the full amount of the project cost, as set forth in the Construction Documents. The Said bonds shall be in form and substance and issued by a corporate surety reasonably satisfactory to Developer, Developer's lender, Developer and the UGCity. Said bonds shall be in favor of Xxxxxxxxx and the City.

Payment and Performance Bonds. If required by Applicable Laws and Requirements for the Improvements, the The General Contractor shall be required under the Construction Documents to furnish and maintain in full force and effect performance and labor and material payment bonds in the full amount of the project costrelevant Project Costs, as set forth in the Construction Documents. The Such bonds shall be in form and substance and issued by a corporate surety reasonably satisfactory to Developer, Developer's lender, Developer and the UG. Such bonds shall be in favor of Developer, the Permitted Mortgagee, and such other parties as are required in connection with the issuance of the STAR Bonds.