Examples of Payment Security in a sentence
The forms for Performance Security and Advance Payment Security, when required, shall only be completed by the successful tenderer after contract award.
Such Payment Security will require notice by the surety to Authority at least 60 days prior to any cancellation.
Such Payment Security will be in a form and with a company acceptable to Authority and licensed to do business in the State of Florida.
Subject to the provisions of the Payment Security Requirements Section above, the Payment Security will be returned within ninety (90) days following the expiration of the Term of this Agreement, subject to the satisfactory performance by Company of all terms, conditions, and covenants contained herein.
In the event that any such Payment Security is for a period less than the full period required under this Agreement or if such Payment Security is canceled, Company will provide a renewal or replacement Payment Security for the remaining required period at least 60 days prior to the date of such expiration or cancellation.