Construction Guaranties Sample Clauses

The Construction Guaranties clause requires a party, typically the contractor, to provide assurances that construction work will be completed according to the contract's terms and standards. This is often achieved through instruments such as performance bonds, surety bonds, or guarantees from third parties, which serve as financial security for the project owner. By mandating these guaranties, the clause protects the owner from losses due to contractor default or substandard work, ensuring the project is completed as agreed and mitigating the risk of non-performance.
Construction Guaranties. [INTENTIONALLY OMITTED].
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Construction Guaranties. With respect only to Tenant's Construction Work, including, without limitation, SECTION 6.6 and Core and Shell "punch list" items (the "CORE AND SHELL PUNCHLIST") prepared by Tenant and delivered to the Major Contractors upon Substantial Completion, a copy of which Core and Shell Punchlist shall be delivered to Landlord, upon Substantial Completion (and not with respect to any other Construction Work) Tenant has caused NYTC and FCE to execute and deliver to Landlord the NYTC Construction Guaranty and the FCE Construction Guaranty, respectively; PROVIDED, HOWEVER, that if, prior to or after the commencement of Tenant's Construction Work: (w) NYTC Member is the sole member of Tenant, then Tenant shall only be required to cause the NYTC Construction Guaranty to be executed and delivered to Landlord pursuant to this SECTION 6.3(b)(iv); (x) FC Member is the sole member of Tenant, then Tenant shall only be required to cause the FCE Construction Guaranty to be executed and delivered to Landlord pursuant to this SECTION 6.3(b)(iv); (y) ING is the sole member of Tenant, then Tenant shall only be required to cause the ING Construction Guaranty to be executed and delivered to Landlord pursuant 66 to this SECTION 6.3(b)(iv); and (z) ING is the sole member of FC Member, then Tenant shall, in addition to the NYTC Construction Guaranty, be required to cause the ING Construction Guaranty to be executed and delivered to Landlord pursuant to this SECTION 6.3(b)(iv) in lieu of the FCE Construction Guaranty; and provided further that Landlord agrees that if, after any Construction Guaranty is provided to Landlord in accordance with this SECTION 6.3(b)(iv), Tenant delivers to Landlord a NYTC Construction Guaranty, an FCE Construction Guaranty or an ING Construction Guaranty pursuant to clauses (w), (x), (y), or (z), as applicable, then Landlord shall acknowledge in writing to NYTC, FCE or ING Vastgoed B B.V., as applicable, promptly after the aforesaid delivery, that any Construction Guaranty previously delivered to Landlord, and that is to be superseded by the newly delivered Construction Guaranty, is of no further force or effect); and
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Construction Guaranties. Developer shall deliver to City, from one or more Guarantors, the following:
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Construction Guaranties. Tenant shall cause each Guarantor that is required to execute and deliver a Construction Guaranty pursuant to and in accordance with SECTION 6.3(b) hereof to provide to Landlord each such fully-executed Construction Guaranty in accordance therewith. Tenant agrees that, prior to the final completion of the Project, any default of any covenant of any Guarantor under any Construction Guaranty, or the invalidity of any Construction Guaranty for any reason, shall be a default hereunder; PROVIDED, HOWEVER, that for so long as there is 146 no default of one Guarantor under a Construction Guaranty, a default of the other Guarantor shall not be a default of Tenant hereunder.
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Construction Guaranties. With respect only to Tenant’s Construction Work, including, without limitation.
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Related to Construction Guaranties

  • Guaranties Guarantee or become liable in any way as surety, endorser (other than as endorser of negotiable instruments for deposit or collection in the ordinary course of business), accommodation endorser or otherwise for, nor pledge or hypothecate any assets of Borrower as security for, any liabilities or obligations of any other person or entity, except any of the foregoing in favor of Bank.

  • Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.

  • Contractor Guaranties Contractor shall: (a) Perform fully under the Contract; (b) Guarantee the Goods or Services against defective material or workmanship and to repair any damage or marring occasioned in transit or, at the Client Agency's option, replace them; (c) Furnish adequate protection from damage for all work and to repair damage of any kind, for which its workers are responsible, to the premises, Goods, the Contractor’s work or that of Contractor Parties; (d) With respect to the provision of Services, pay for all permits, licenses and fees and give all required or appropriate notices; (e) Adhere to all Contractual provisions ensuring the confidentiality of Records that the Contractor has access to and are exempt from disclosure under the State’s Freedom of Information Act or other applicable law; and (f) Neither disclaim, exclude nor modify the implied warranties of fitness for a particular purpose or of merchantability.

  • Construction Contract If federal funds are included as part of the financing of the non-OPWC portion of the Project, federal law may prevail, including, but not limited to, application of ▇▇▇▇▇ ▇▇▇▇▇ prevailing wage rates, the ▇▇▇▇▇▇▇▇ “Anti-Kickback” Act, the Contract Work Hours and Safety Standards Act, and any federal environmental regulations. Recipient is solely responsible for ensuring compliance with federal requirements applicable to its Local Subdivision Contribution. Notwithstanding the above, the following provisions apply to construction contracts under this Agreement:

  • Construction Contract Documents The Construction Contract Documents shall consist of the plans and specifications prepared by the Engineer, and any addenda and change orders thereto, and the Owner-Contractor Agreement, all of which shall be compatible and consistent with this Agreement.