BOND FOR PERFORMANCE Sample Clauses

BOND FOR PERFORMANCE. A. The Concessionaire shall, as a condition precedent to any rights under this Lease, furnish a surety bond, an irrevocable Letter of Credit, or an assignable Certificate of Deposit in the amount of $5,000.00, with surety to be approved by the Department, conditioned to ensure the faithful performance of this Lease and which surety shall remain in full effect throughout the term of this Lease, and thereafter so long as there are unfulfilled obligations of the Concessionaire.
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BOND FOR PERFORMANCE. The Concessionaire shall, as a condition precedent to any rights under this Lease, furnish a surety bond an irrevocable Letter of Credit, or an assignable Certificate of Deposit in the amount of $5,000.00, with surety to be approved by the Department, conditioned to ensure the faithful performance of this Lease and which surety shall remain in full effect throughout the term of this Lease, and thereafter so long as there are unfulfilled obligations of the Concessionaire. After the first season of operation, the amount of said surety may be adjusted to provide reasonable surety at the option of the Department.
Sample 1
BOND FOR PERFORMANCE. The Service Provider shall, as a condition precedent to any rights under this Lease, furnish a surety bond or an irrevocable Letter of Credit in the amount of $5,000.00, with surety to be approved by the Department, conditioned to ensure the faithful performance of this Lease and which surety shall remain in full effect throughout the term of this Lease. After the first season of operation, the amount of said surety may be adjusted to provide reasonable surety at the option of the Department.
Sample 1
BOND FOR PERFORMANCE. The Lessee shall, as a condition precedent to any rights under this Lease, furnish a surety bond, an irrevocable Letter of Credit, or an assignable Certificate of Deposit in the amount of $25,000.00, with surety to be approved by ODNR, conditioned to ensure the faithful performance of this Lease and which surety shall remain in full effect throughout the term of this Lease, and thereafter so long as there are unfulfilled obligations of the Lessee. After the first season of operation, the amount of said surety may be adjusted to provide reasonable surety at the option of ODNR.
Sample 1

Related to BOND FOR PERFORMANCE

  • Security for Performance In the event that Exhibit A Section 4 indicates the need for Consultant to provide additional security for performance of its duties under this Agreement, Consultant shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.

  • Time for Performance 1.1. The term of this SOW Agreement shall begin on and end on (the “Initial Term”). The Initial Term may be extended as the parties may agree. The State may terminate this SOW for convenience upon thirty days prior written notice to the Contractor. If the Master Agreement should expire or otherwise terminate prior to the end of the term of this SOW Agreement, this SOW Agreement shall continue to the end of its existing term, unless or until terminated in accordance with the terms of this SOW Agreement, and the Parties acknowledge and agree that the terms of the Master Agreement shall survive and apply to this SOW Agreement.

  • CONTRACTOR PERFORMANCE Agencies shall report any Contractor failure to perform according to the requirements of this Contract on Complaint to Vendor, form PUR7017. Should the Contractor fail to correct the problem within a prescribed period of time, then form PUR7029, Request for Assistance, is to be filed with this office.

  • Payment and Performance Bonds The Contractor shall comply with the following minimum bonding requirements:

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