9b ADDITIONAL BOND SECURITY. The Seller shall promptly furnish additional security required to protect the Company, the Government, and persons supplying labor or materials under this Agreement if: (a) Any surety upon any bond, or issuing financial institution for other security, furnished with this Agreement becomes unacceptable to the Government; (b) Any surety fails to furnish reports on its financial condition as required by the Government; (c) The Agreement price is increased so that the penal sum of any bond becomes inadequate in the opinion of the Company; or
Appears in 23 contracts
Samples: Construction Contract, General Terms & Conditions, Construction Contract
