Common use of ADDITIONAL BOND SECURITY Clause in Contracts

ADDITIONAL BOND SECURITY. Contractor shall promptly furnish additional security required to protect Owner and persons supplying labor or materials required by the Contract Documents if Owner has a reasonable objection to the surety; or any surety fails to furnish reports on its financial condition if requested by Owner.

ADDITIONAL BOND SECURITY. The Contractor shall promptly furnish additional security required to protect Owner the Authority and persons supplying labor or materials required by under this Agreement in the Contract Documents if Owner has a reasonable objection following situations:  If any surety upon any bond furnished with this Agreement becomes unacceptable to the suretyAuthority; or  If any surety fails to furnish reports on its financial condition if requested as required by Ownerthe Authority.

ADDITIONAL BOND SECURITY. The Contractor shall will promptly furnish additional security required to protect Owner and persons supplying labor or materials required by the this Contract Documents if if: (1) Owner has a reasonable objection to the surety; or (2) any surety fails to furnish reports on its financial condition if requested required by Owner.

ADDITIONAL BOND SECURITY. The Contractor shall promptly furnish additional security required to protect Owner the Authority and persons supplying labor or materials required by under this Contract in the following situations:  If any surety upon any bond furnished with this Contract Documents if Owner has a reasonable objection becomes unacceptable to the suretyAuthority; or  If any surety fails to furnish reports on its financial condition if requested as required by Ownerthe Authority.