Bonds and Other Performance Security Sample Clauses

Bonds and Other Performance Security. 7.4.1 On or prior to the date of Financial Closing, if requested by Owner, the Design-Builder shall deliver to Owner a bond substantially in the form attached as Exhibit H (the “Performance Bond”) in an initial amount equivalent to the Contract Price. Owner shall pay on the date of Financial Closing all costs of obtaining such bond, plus pay Design-Builder a fee of seven and one half percent (7.5%) for obtaining such bond, such fee to be calculated by multiplying seven and one half percent (7.5%) times the cost of the Performance Bond. Any amounts payable to the surety due to Design-Builder’s default under this Agreement or the Performance Bond shall be for the account of Design-Builder.
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Bonds and Other Performance Security. Design-Builder shall provide the following performance bond and labor and material payment bond or other performance security:
Bonds and Other Performance Security. 5.4.1 If Owner requires Design-Builder to obtain performance and labor and material payment bonds, or other forms of performance security, the amount, form and other conditions of such security shall be as set forth in the Agreement.
Bonds and Other Performance Security. 5.2.1 Design-Builder shall procure performance and payment bonds executed by a surety acceptable to Department, each in the amount of one hundred percent (100%) of the Contract Price, and in accordance with all other requirements of the Contract Documents, including the Division I Amendments.
Bonds and Other Performance Security. Contractor shall provide the following performance bond and labor and material payment bond:
Bonds and Other Performance Security. 10.9.1 Prior to execution of this Agreement, the CM@Risk shall provide a performance bond and a labor and materials bond, each in an amount equal to the total contract price of the GMP set forth in this Agreement.
Bonds and Other Performance Security. 10.4.1 Design-Build Subcontractor shall, upon execution of this Agreement or at any time during its performance of the Work if requested by Design-Builder, provide a 100% performance bond and a labor and material payment bond or other performance security acceptable to Design-Builder. Article 11
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Bonds and Other Performance Security. 9.2.1 CM shall provide the following performance bond and labor and material payment bond or other performance security:
Bonds and Other Performance Security. 6.2.1 Design-Builder shall furnish a Performance Bond and a Payment Bond in the forms provided in Exhibits F and G, respectively, or on any other form provided by City or approved by City. Design-Builder shall deliver to City, not later than fourteen (14) calendar days after the date of the award of the Contract letter issued by City, evidence satisfactory to City that Design-Builder is capable of furnishing the Bonds. The Performance Bond shall be furnished as a guarantee of the faithful performance of the requirements of the Contract Documents (including the obligation to pay liquidated damages) in an amount equal to one-hundred percent (100%) of the Contract Price. The Payment Bond shall secure payment of all claims, demands, stop payment notices, mechanics liens, or charges of material suppliers, mechanics or laborers employed by Design-Builder or by any Subcontractor or any person, form, or entity eligible to file a stop payment notice with respect to the Work in an amount equal to one-hundred percent (100%) of the Contract Price. Design-Builder shall maintain the Payment Bond in full force and effect until (a) Design- Builder has obtained unconditional releases pursuant to Civil Code § 8138 from all claimants who filed preliminary notice of a claim against the bond, or (b) expiration of the statutory period for claims against the bond. Bonds may be obtained through Design-Builder’s usual source and the cost thereof shall be included in the Contract Price.
Bonds and Other Performance Security. 7.4.1 On or prior to the date of Financial Closing, the Design-Builder shall deliver to Owner a bond substantially in the form attached as Exhibit H (the “Performance * Certain confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission. Bond”) in an initial amount equivalent to the Contract Price. Owner shall pay on the date of Financial Closing all costs of obtaining such bond, plus pay Design-Builder a fee of seven and one half percent (7.5%) for obtaining such bond, such fee to be calculated by multiplying seven and one half percent (7.5%) times the cost of the Performance Bond. Any amounts payable to the surety due to Design-Builder’s default under this Agreement or the Performance Bond shall be for the account of Design-Builder.
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