Common use of Security for Payment and Performance Clause in Contracts

Security for Payment and Performance. (a) Simultaneously with the execution of this Agreement, (i) Westinghouse agrees to supply to Owner a parent company guaranty from Toshiba in the form set forth as Exhibit I-1 and (ii) Stone & Xxxxxxx agrees to supply to Owner a parent company guaranty from Xxxx in the form set forth as Exhibit I-2.

Appears in 3 contracts

Samples: Procurement and Construction Agreement (South Carolina Electric & Gas Co), Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement (Scana Corp)

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Security for Payment and Performance. (a) Simultaneously with the execution of this Agreement, (i) Westinghouse agrees to supply to Owner a parent company guaranty from Toshiba in the form set forth as Exhibit I-1 and (ii) Stone Sxxxx & Xxxxxxx Wxxxxxx agrees to supply to Owner a parent company guaranty from Xxxx Shaw in the form set forth as Exhibit I-2.

Appears in 1 contract

Samples: Limited Agency Agreement (South Carolina Electric & Gas Co)

Security for Payment and Performance. (a) Simultaneously with the execution of this Agreement, (i) Westinghouse agrees to supply to Owner a parent company guaranty from Toshiba in the form set forth as Exhibit I-1 and (ii) Stone Xxxxx & Xxxxxxx agrees to supply to Owner a parent company guaranty from Xxxx Shaw in the form set forth as Exhibit I-2.

Appears in 1 contract

Samples: Engineering, Procurement and Construction Agreement

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Security for Payment and Performance. (a) Simultaneously with the execution of this Agreement, (i) Westinghouse agrees to supply to Owner a parent company guaranty from Toshiba in the form set forth as Exhibit I-1 and (ii) Stone Xxxxx & Xxxxxxx agrees to supply to Owner a parent company guaranty from Xxxx in the form set forth as Exhibit I-2.

Appears in 1 contract

Samples: Engineering, Procurement and Construction Agreement

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