Bond Term. The Bond shall remain in full force and effect at least until complete performance of this Contract and payment of all claims for materials and labor, at which time it will convert to a ten percent (10%) warranty bond, which shall remain in place until the end of the warranty periods set forth in this Contract. The Bond shall be renewed annually, at least sixty
Appears in 99 contracts
Samples: Contract Resulting From Request for Proposal, Contract for Education and Community Outreach Services, Janitorial Services Contract
Bond Term. The Bond shall remain in full force and effect at least until complete performance of this Contract Agreement and payment of all claims for materials and labor, at which time it will convert to a ten percent (10%) warranty bond, which shall remain in place until the end of the warranty periods set forth in this ContractAgreement. The Bond shall be renewed annually, at least sixtysixty (60) days in advance of its expiration, and Consultant shall provide timely proof of annual renewal to Authority.
Appears in 2 contracts
Samples: Consultant Services Agreement, Consultant Services Agreement
