Bonding, Failure to File Reports or Make Contributions, Delinquency. Each Employer bound by, or to which the Union refers Employees pursuant to this Agreement (whether or not bound to this Agreement), shall provide a blanket cash bond or surety bond in an amount equal to one thousand eight hundred dollars ($1,800.00) for weekly reporting, or four thousand dollars ($4,000.00) for monthly reporting (if monthly contributions have been approved by the Employee Benefit Trust Funds’ Boards of Trustees) for each Employee on his or her payroll for whom such Employer is obligated to pay contributions to the Employee Benefit Trusts. These bonds are to secure and guarantee the payment of sums required to be paid to each of the Employee Benefit Trust Funds, for Union check off amounts and the MCASF assessment including, without limitation, contributions and all other charges, fees and costs, including service charges, late fees, liquidated dam- aged, auditor's fees and attorney fees which the Employer is required to pay under the provisions of this Agreement, and/or the Employee Benefit Trust Agreements. No Employees will be provided to an Employer until the proper amount of blanket cash bond or surety bond has been received by the designated party. If a demand is made upon the bond of any Employer for payments of sums due thereunder, then Employees shall not be furnished to said Employer unless within ten (10) days after such demand, the bond is increased in an amount equal to such demand. If the Employer desires additional Employees, no additional Employees will be furnished until the amount of the bond has been increased to cover the additional Employees. The cash bond or surety bond shall be irrevocable until the later of:
