Bonding and Insurance requirements Sample Clauses

Bonding and Insurance requirements. Company agrees to furnish the Bank with evidence that the Company is covered by a fidelity bond acceptable to the Bank.
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Bonding and Insurance requirements. HANDS shall also comply with the bonding and insurance requirements of 2 CFR §200.325.
Bonding and Insurance requirements. FPR shall also comply with the bonding and insurance requirements of 24 CFR §85.
Bonding and Insurance requirements. Grantees receiving a federal Community Development Block Grant from the Department of Commerce which requires contracting for construction or facility improvements shall follow Indiana Code requirements relating to bid guarantees, performance bonds and payment bonds, except for contracts or subcontracts exceeding $100,000. For contracts exceeding $100,000 the minimum requirements shall be as follows:
Bonding and Insurance requirements. Bonding and insurance requirements of 24 CFR §84.31 and §84.48.
Bonding and Insurance requirements. A. If Subrecipient will enter in to a construction or facility improvements contract with a third-party in the amount of $25,000 of greater, Subrecipient must execute with the contractor a payment bond in the full amount of the contract. If the Subrecipient will enter in to contract with a prime contractor in excess of $100,000, a performance bond in the full amount of the contract is also required. These bonds must be executed by a corporate surety authorized to do business in Texas, a list of which may be obtained from the State Insurance Department. Such assurances of completion will run to the Department as obligee and must be documented prior to the start of construction.
Bonding and Insurance requirements. The Contractor shall furnish the following Bonds and Insurance Certificates as Contract security: All Insurances and Bonds as required by the Owner in the Town of Upton, Massachusetts, Insurances and Bonds as required by the Owner in the Town of Upton, Massachusetts, contract documents for “Rubber Chip Sealing, Contract # 17-3”, dated April 18, 2016. These Insurances and Bonds are specified in: Section 10- Bid Bond, Section 11 - Performance/Payment Bond and Section 13 - Insurance to be maintained by the Contractor and Indemnification of Town by Contractor.
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Bonding and Insurance requirements. CLEARPOINT shall also comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48.
Bonding and Insurance requirements. A. The Contractor shall follow its own bonding and insurance requirements relating to bid guarantees, performance bonds, and payment bonds without regard to the dollar value of the subcontract(s) as long as they reflect applicable state and local laws and regulations and are not in conflict with the minimum standards specified in the federal provisions incorporated by reference in Exhibit E, including OMB Circulars.

Related to Bonding and Insurance requirements

  • Insurance Requirements Vendor agrees to maintain the following minimum insurance requirements for the duration of this Agreement. All policies held by Vendor to adhere to this term shall be written by a carrier with a financial size category of VII and at least a rating of “A‐” by A.M. Best Key Rating Guide. The coverages and limits are to be considered minimum requirements and in no way limit the liability of the Vendor(s). Any immunity available to TIPS or TIPS Members shall not be used as a defense by the contractor's insurance policy. Only deductibles applicable to property damage are acceptable, unless proof of retention funds to cover said deductibles is provided. "Claims made" policies will not be accepted. Vendor’s required minimum coverage shall not be suspended, voided, cancelled, non‐renewed or reduced in coverage or in limits unless replaced by a policy that provides the minimum required coverage except after thirty (30) days prior written notice by certified mail, return receipt requested has been given to TIPS or the TIPS Member if a project or pending delivery of an order is ongoing. Upon request, certified copies of all insurance policies shall be furnished to the TIPS or the TIPS Member. Vendor agrees that when Vendor or its subcontractors are liable for any damages or claims, Vendor’s policy, shall be primary over any other valid and collectible insurance carried by the Member or TIPS. General Liability: $1,000,000 each Occurrence/Aggregate Automobile Liability: $300,000 Includes owned, hired & non‐owned Workers' Compensation: Statutory limits for the jurisdiction in which the Vendor performs under this Agreement. If Vendor performs in multiple jurisdictions, Vendor shall maintain the statutory limits for the jurisdiction with the greatest dollar policy limit requirement. Umbrella Liability: $1,000,000 each Occurrence/Aggregate

  • Additional Insurance Requirements The policies shall include, or be endorsed to include, the following provisions:

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