Bonds and Guaranties Clause Samples

Bonds and Guaranties. Upon Closing, Purchaser will assume all obligations for bonding for state motor fuel tax purposes with respect to the Business conducted by Purchaser after Closing. Schedule 6.10 of the Disclosure Schedule lists the motor fuel tax bonds that Sellers currently have in place. Upon Closing, Sellers will terminate the guaranties that are listed on Schedule 6.10 of the Disclosure Schedule and Purchaser will assume all obligation to replace such guaranties as the counterparties thereto require.

Bonds and Guaranties. SNA may procure completion and performance bonds or guaranties assuring the lien free completion of the UTS. Performance bonds, if any, shall be written through sureties listed in the United States Department of the Treasury Circular 570 dated no later than that published by the most recent July publication of the FEDERAL REGISTER.

Bonds and Guaranties. As a condition precedent to any purchase hereunder, the selling Member and its Affiliates must be released from monetary liability under any guaranty given in connection with any Company Financing or under any indemnity given a surety providing any bond for the Project or given a lender in connection with any Company Financing; provided, however, in the event that the buying Member is unable to obtain, after using reasonable efforts, any such releases, the buying Member shall cause the Company to indemnify selling Member and its applicable Affiliates for any claims, under any such repayment guaranty(s) or indemnity(s) given to any surety, subject to indemnities under Section 7.06 above.

Bonds and Guaranties. As a condition precedent to any purchase hereunder, the selling Member and its Affiliates must be released from monetary liability under any repayment guaranty given in connection with any Company financing or under any indemnity given a surety providing any bond for the Project.

Bonds and Guaranties. 2.3.9 In the case of conflicts between drawings or between provisions of the specifications, the more detailed or specific of the conflicting provisions or representations shall take precedence. For example, where figured dimensions 2.3.10 In those cases where it is not reasonably clear which of the conflicting provisions or representations is the more detailed or specific, the Contractor shall be deemed to have estimated on, and agreed to provide, the greater quantity or better quality of materials and work unless he shall have, prior to submitting the Guaranteed Maximum Not-to-Exceed Compensation, asked for and obtained a written decision of the A/E as to which quantity or quality or method or materials shall be required.

Bonds and Guaranties. 2.2.9 In the case of conflicts between drawings or between provisions of the specifications, the more detailed or specific of the conflicting provisions or representations shall take prece- dence. For example, where figured dimensions are shown on the drawings, they shall take precedence over scaled distances and scaled dimensions, and detail drawings shall govern over general drawings. 2.2.10 In those cases where it is not reasonably clear which of the conflicting provisions or representations is the more detailed or specific, the CM/GC shall be deemed to have estimated on, and agreed to provide, the greater quantity or better quality of materials and work unless he shall have, prior to submitting the GMP, asked for and obtained a written decision of the A/E as to which quantity or quality or method or materials shall be required. 3.0 Review of Plans and Specifications. Review all plans and specifications and advise on site, foundation, building systems, materials and equipment, construction feasibility, availability of labor and materials, time requirements for procurement, installation and construction relative costs, and provide recommendations for economies as appropriate. Technical consultation to the A/E and its professional disciplines shall not infringe upon the design responsibility of those disciplines. The CM/GC shall make recommendations relating to the cost, constructability and other such technical and economical characteristics of a particular design or material selection; however, if such recommendations are accepted for incorporation into the Project, their application with regard to structural stability and life safety shall be the responsibility of the A/E. The CM/GC shall not be assigned responsibilities which duplicate those assigned in the design professionals' contract for A/E services.