Construction Bond. During all times when Grantee is performing any construction work in or under the Streets requiring a permit from the County, Grantee shall post a faithful performance bond, a cash deposit or irrevocable letter of credit, as is required for the County’s permit, running to the County, with good and sufficient surety approved by the County, in the sum required by the permit. The bond or letter of credit shall be conditioned that the Grantee shall well and truly observe, fulfill and perform each term and condition of the Franchise. Grantee shall pay all premiums or other costs associated with maintaining the bond or letter of credit, and shall keep the same in full force and effect at all times during the construction work. The bond or letter of credit shall provide that it may be terminated upon final approval of Grantee's construction work in or under the Streets by the County. Upon such approval, the County agrees to sign all documents necessary to release the bond in accordance with the terms of this Section. During the duration of the construction work, Grantee shall file with the Jurisdiction a copy of the bond or letter of credit, along with written evidence of the required premiums. The bond or letter of credit shall be subject to the approval of the County as to its adequacy under the requirements of this Section 13.4.
Construction Bond. (a) Prior to being approved for an initial installation of a system, the Grantee shall file with the Village a construction bond in the amount of not less than 110 percent of the costs to install the System in the service area contained in the application or renewal proposal in favor of the Village. This bond shall be maintained throughout the construction period and until such time as determined by the Village, unless specified in the franchise agreement.
Construction Bond. Before Lessee begins construction of any Improvements on the Leased Premises or any repair or alteration in excess of $100,000.00, Lessee agrees to provide a performance bond or other security in one of the forms set forth in 25 C.F.R. § 162.435 satisfactory to Lessor, which will guarantee completion of the Improvement and payment in full of claims of all Persons for work performed or materials furnished for construction [ML]. The $100,000.00 amount shall be adjusted throughout the Lease Term in accordance with the formula set forth in Section 6.5 applicable to the MRA [ML]. Each performance bond or other security shall require the surety to provide at least 60 Days advance notice to Lessor before such performance bond or other security may be canceled [ML]. With respect to a bond or security issued pursuant to this Section 8.1, Lessee shall comply with 25 C.F.R. § 162.413(a)(9) in obtaining the consent of any sureties for any legal instruments that directly affect the obligations and liabilities of any sureties [ML]. All bonds required from Lessee under this Lease shall be deposited with Lessee [ML].
Construction Bond. (a) (Construction Bond): The State may require Project Co to make a demand under the Construction Bond in accordance with the Project Agreement and the Finance Direct Deed.
Construction Bond. (1) Prior to the commencement of any construction the cost of which is greater than the amount of one hundred thousand dollars ($100,000), TENANT shall file with the Morro Bay CITY Clerk a final detailed Civil Engineer's, Registered Architect's or Licensed and Bonded General Contractor's estimate of the cost of construction and installation of improvements on the Premises. Said estimate must be submitted to the CITY Engineer for approval. TENANT shall file with the Morro Bay CITY Clerk a faithful performance bond, in a form and issued by a corporate surety company satisfactory to CITY, in an amount satisfactory to CITY but not in excess of one hundred percent (100%) of the final detailed cost estimate, securing the faithful performance of TENANT or its contractor in the completion of said construction.
Construction Bond. Before beginning any construction work in or under the City streets requiring a street opening permit, Grantee shall furnish a construction bond to the City as is required for street opening permits pursuant to SMC Title 15, the City’s Street Use Code, including but not limited to SMC 15.04.44.
Construction Bond. Prior to the commencement of construction of the Improvements (and the performance of any other Tenant Work during the Term of this Lease, in Landlord’s reasonable discretion), Tenant shall deliver to Landlord, in form and substance reasonably satisfactory to Landlord, a payment and performance bond of a surety company licensed to do business in Massachusetts, naming Landlord as an additional obligee, as their respective interests may appear, in the amount of the entire cost of construction of the Improvements in accordance with the Final Plans, or, with respect to any other Tenant Work, in the amount of the entire cost of such Tenant Work, as reasonably approved by Landlord.
Construction Bond. Within seven (7) days prior to any construction, fit-out or renovation in the Office Space or any portion thereof, PEOPLESUPPORT shall cause its Contractor to submit a cash construction bond equivalent to one (1) month's rent in effect at the time the construction is to be undertaken by PEOPLESUPPORT's Contractor to answer and stand as security for the repair or reconstruction of any damage caused to the property of ALI or of any tenant or occupant in the Building arising out of or in connection with the fault or negligence of PEOPLESUPPORT's Contractor, suppliers or workers undertaking such construction, fit-out or renovation or the failure of PEOPLESUPPORT's Contractor to comply with the Construction Guidelines and House Rules, and all other reasonable requirements prescribed by ALI prior to the commencement of such construction, fit-out or renovation work for the performance of such construction, fit-out or renovation work. It is agreed by the Parties that the construction bond to be posted shall be proportional to the amount of space actually turned over and based on the amount of [Php]6,214,550.00 for the entire Office Space. Upon complete turn over of the entire Office Space, the value of the construction bond provided by PEOPLESUPPORT's Contractor should have been increased so as to amount to [Php]6,214,550.00. The construction bond shall be returned to PEOPLESUPPORT's Contractor without interest after the completion of the construction, fit-out or renovation work, less any construction-related charges, if any, due to ALI or any tenant or occupant of the Building, as proper, arising in connection with any damage caused by the fault or negligence of PEOPLESUPPORT's Contractor, suppliers or workers or its or their breach of the Construction Guidelines and House Rules, and all other written requirements prescribed by ALI, subject to PEOPLESUPPORT's Contractor's compliance with all the conditions specified for the return of the bond under the Construction Guidelines and House Rules.
Construction Bond. (a) Contemporaneous with the issuance of the initial Letter of Credit (as defined in the Olkaria III Project Security Agreement) to the Seller, the Seller shall provide to KPLC the Construction Bond.
Construction Bond. 3.16.1 Company shall not start or continue the construction of the Cable System unless the bond described herein is in full force and effect. Company shall, prior to the start of construction, provide to Municipality and thereafter maintain at its sole cost and expense, a corporate surety bond in the amount of two hundred thousand dollars ($200,000), issued by a surety company authorized to do business in the State of Illinois and acceptable to Municipality. Said construction bond shall assure Municipality of recovery of any and all damages, losses, costs and expenses sustained or suffered by Municipality as a result of the failure of Company satisfactorily and timely to construct its Cable System and activate its Cable System in Municipality, pursuant to the provisions of this Franchise Agreement.
