{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "days-after", "type": "definition", "offset": [14, 24]}, {"key": "the-award", "type": "clause", "offset": [25, 34]}, {"key": "the-grantee", "type": "definition", "offset": [71, 82]}, {"key": "a-performance-bond", "type": "clause", "offset": [108, 126]}, {"key": "in-favor-of", "type": "clause", "offset": [166, 177]}, {"key": "construction-period", "type": "clause", "offset": [233, 252]}, {"key": "by-the-city", "type": "clause", "offset": [287, 298]}, {"key": "unless-otherwise-specified-in", "type": "clause", "offset": [299, 328]}, {"key": "franchise-agreement", "type": "definition", "offset": [333, 352]}], "snippet": "(1) Within 60 days after the award of an initial or renewal Franchise, the grantee shall file with the City a performance bond in the amount of not less than $50,000 in favor of the City. This bond shall be maintained throughout the construction period and until such time as determined by the City unless otherwise specified in the Franchise agreement.", "samples": [{"hash": "fzXz7cDWIxc", "uri": "/contracts/fzXz7cDWIxc#construction-performance-bond", "label": "Cable Tv Franchise Agreement", "score": 19.4592744695, "published": true}], "size": 1, "hash": "88b9ffdfdcf1bd9f6a6e771badf5bef7", "id": 7}, {"snippet_links": [{"key": "the-accountant", "type": "clause", "offset": [4, 18]}, {"key": "ministry-of-finance", "type": "definition", "offset": [27, 46]}, {"key": "the-request", "type": "clause", "offset": [69, 80]}, {"key": "the-applicant", "type": "definition", "offset": [122, 135]}, {"key": "to-pay", "type": "clause", "offset": [159, 165]}, {"key": "the-principal-amount", "type": "definition", "offset": [292, 312]}, {"key": "the-foregoing", "type": "definition", "offset": [358, 371]}, {"key": "issued-by", "type": "definition", "offset": [460, 469]}, {"key": "accountant-general", "type": "definition", "offset": [474, 492]}, {"key": "annex-1", "type": "clause", "offset": [545, 552]}, {"key": "in-accordance-with", "type": "definition", "offset": [592, 610]}, {"key": "linkage-differentials", "type": "definition", "offset": [635, 656]}, {"key": "the-guarantee", "type": "clause", "offset": [886, 899]}, {"key": "for-the-purpose-of-this", "type": "clause", "offset": [903, 926]}, {"key": "general-consumer-cost-of-living-index", "type": "definition", "offset": [943, 980]}, {"key": "the-consumer-price-index", "type": "definition", "offset": [1010, 1034]}, {"key": "the-cost", "type": "clause", "offset": [1050, 1058]}, {"key": "bureau-of-statistics", "type": "definition", "offset": [1151, 1171]}, {"key": "other-manner", "type": "clause", "offset": [1271, 1283]}, {"key": "any-official", "type": "clause", "offset": [1304, 1316]}, {"key": "replace-the", "type": "clause", "offset": [1462, 1473]}, {"key": "determine-the", "type": "clause", "offset": [1537, 1550]}, {"key": "in-respect-of", "type": "clause", "offset": [1622, 1635]}, {"key": "rate-of", "type": "clause", "offset": [1654, 1661]}, {"key": "based-on", "type": "clause", "offset": [1687, 1695]}, {"key": "issuance-of-the", "type": "clause", "offset": [1727, 1742]}, {"key": "actual-payment", "type": "definition", "offset": [1815, 1829]}, {"key": "time-of-payment", "type": "clause", "offset": [1862, 1877]}, {"key": "the-new-index", "type": "definition", "offset": [1914, 1927]}, {"key": "the-basic-index", "type": "definition", "offset": [1949, 1964]}, {"key": "equal-to", "type": "definition", "offset": [2037, 2045]}, {"key": "the-rate", "type": "definition", "offset": [2046, 2054]}, {"key": "written-demand", "type": "definition", "offset": [2320, 2334]}, {"key": "receipt-of", "type": "clause", "offset": [2436, 2446]}, {"key": "payment-of-the", "type": "clause", "offset": [2476, 2490]}, {"key": "and-payments", "type": "clause", "offset": [2542, 2554]}, {"key": "provided-that", "type": "clause", "offset": [2603, 2616]}, {"key": "received-by", "type": "definition", "offset": [2749, 2760]}, {"key": "in-writing", "type": "clause", "offset": [2764, 2774]}, {"key": "our-address", "type": "definition", "offset": [2778, 2789]}, {"key": "facsimile-or-email", "type": "clause", "offset": [2841, 2859]}, {"key": "according-to", "type": "definition", "offset": [2907, 2919]}, {"key": "demand-payment", "type": "clause", "offset": [3093, 3107]}, {"key": "other-entity", "type": "clause", "offset": [3139, 3151]}, {"key": "legal-remedies", "type": "clause", "offset": [3231, 3245]}, {"key": "applicant-and", "type": "clause", "offset": [3258, 3271]}, {"key": "notice-of-acceptance-hereof", "type": "clause", "offset": [3278, 3305]}, {"key": "action-taken", "type": "clause", "offset": [3314, 3326]}, {"key": "concession-agreement", "type": "definition", "offset": [3408, 3428]}, {"key": "our-obligations", "type": "definition", "offset": [3464, 3479]}, {"key": "irrevocable-obligations", "type": "clause", "offset": [3549, 3572]}, {"key": "our-consent", "type": "clause", "offset": [3670, 3681]}, {"key": "amendment-or-supplement", "type": "clause", "offset": [3733, 3756]}, {"key": "our-liability", "type": "clause", "offset": [3789, 3802]}, {"key": "in-force", "type": "definition", "offset": [3928, 3936]}, {"key": "following-the", "type": "definition", "offset": [3957, 3970]}, {"key": "permit-to-operate", "type": "clause", "offset": [4003, 4020]}, {"key": "date-to-be-completed", "type": "clause", "offset": [4022, 4042]}, {"key": "periods-of", "type": "clause", "offset": [4111, 4121]}, {"key": "prior-written-approval", "type": "definition", "offset": [4154, 4176]}, {"key": "granted-by", "type": "definition", "offset": [4180, 4190]}, {"key": "to-extend", "type": "clause", "offset": [4199, 4208]}, {"key": "the-laws", "type": "definition", "offset": [4249, 4257]}, {"key": "state-of-israel", "type": "clause", "offset": [4265, 4280]}, {"key": "yours-sincerely", "type": "clause", "offset": [4282, 4297]}, {"key": "dear-sirs", "type": "definition", "offset": [4313, 4322]}, {"key": "bank-guarantee-no", "type": "clause", "offset": [4328, 4345]}, {"key": "section-1", "type": "definition", "offset": [4377, 4386]}, {"key": "the-bank-guarantee", "type": "clause", "offset": [4390, 4408]}, {"key": "to-submit", "type": "definition", "offset": [4583, 4592]}, {"key": "at-the-following-address", "type": "definition", "offset": [4615, 4639]}], "snippet": "To: The Accountant-General Ministry of Finance Jerusalem Pursuant to the request of [name to be completed] (hereinafter: \"The Applicant\"), we hereby guarantee to pay you any sum, at your demand, up to the overall amount of one hundred twenty five million NIS (125,000,000 NIS) (hereinafter: \"The Principal Amount\"). Without derogating from the generality of the foregoing, the Principal Amount may be reduced following receipt by us of a Reduction Certificate issued by the Accountant General, or anyone on her behalf, in the format attached as Annex 1, by the amount stipulated therein, and in accordance with the provisions thereof. Linkage differentials shall be added to the Principal Amount or any part thereof, in accordance with the provisions set forth herein below (hereinafter, the Principal Amount, together with linkage differentials, shall be referred to as \"The Amount of the Guarantee\"). For the purpose of this Guarantee: the \"General Consumer Cost of Living Index\" or the \"Index\" - shall mean the Consumer Price Index (also known as the Cost of Living Index) including vegetables and fruits, which is published by the Israeli Central Bureau of Statistics, including that Index, even if it shall be published by any other Government Institution or in any other manner, and also including any official Index which shall replace it, whether it shall be made up with the same data on which the existing index is based or not. If another index shall replace the existing Index, the Israeli Central Bureau of Statistics shall determine the ratio between them. The \"Basic Index\" - shall mean the Index published in respect of the month of at a rate of points. [to be completed based on the Index known on the date of issuance of the guarantee] The \"New Index\" - shall mean the Index last published before actual payment under this guarantee. If at the time of payment of any amount under this Guarantee, the New Index shall be higher than the Basic Index, the Amount of the Guarantee shall be calculated as increased in a rate equal to the rate in which the New Index has increased in comparison with the Basic Index. If it shall transpire that the New Index is equal to the Basic Index or lower therefrom, the Amount of the Guarantee shall remain unchanged. We undertake to pay you, any sum specified in your written demand up to the Amount of the Guarantee, immediately and no later than fourteen (14) days from the date of receipt of such demand. Your demand for payment of the Amount of the Guarantee may be affected in stages, and payments will be executed in accordance with your demand provided that the overall total of the payments does not exceed the Amount of the Guarantee. Each demand for payment under this Guarantee must be received by us in writing at our address as follows: Demand sent to us / received by us via facsimile or email shall not be considered as a demand in writing according to this Guarantee. Our undertaking pursuant to this Guarantee is autonomous and unconditional and you will not be obligated to explain, to reason or prove your demand or first demand payment from the Applicant or from any other entity. We hereby waive any right we might have of first requiring you to pursue your legal remedies against the Applicant and waive notice of acceptance hereof, of any action taken or omitted in reliance hereon and of any failure to comply with the terms of the Concession Agreement in reference. We hereby agree that our obligations under this Guarantee are autonomous, direct, primary, unconditional, irrevocable obligations and that the Concession Agreement in reference may be modified, amended and supplemented without our consent in any manner and agree that no such modification, amendment or supplement shall release, effect or impair our liability under this Guarantee. This Guarantee will not be assigned or transferred by you without our consent. This Guarantee shall be in force until [three months following the anticipated date of issuance of Permit to Operate, date to be completed], and shall automatically be extended for two successive additional periods of 6 months' duration each, unless prior written approval is granted by you not to extend it. This Guarantee shall be governed by the Laws of the State of Israel. Yours Sincerely, Bank To: Bank Dear Sirs, Re: Bank Guarantee No. Pursuant to the provisions of Section 1 of the Bank Guarantee in reference (the \"Guarantee\"), you are hereby requested to reduce the Amount of the Guarantee by the following amount: fifty million NIS (50,000,000 NIS). You are requested to submit the amended Guarantee at the following address, by no later than : Very truly yours, Accountant General (or anyone on her behalf)", "samples": [{"hash": "ggoi6ChVgBL", "uri": "/contracts/ggoi6ChVgBL#construction-performance-bond", "label": "Performance Bond", "score": 21.7049965777, "published": true}, {"hash": "fcBx5FjAKDq", "uri": "/contracts/fcBx5FjAKDq#construction-performance-bond", "label": "Performance Bond", "score": 20.1266255989, "published": true}], "size": 2, "hash": "74f475fd84062cad7bdf7aab037caa2d", "id": 5}, {"snippet_links": [{"key": "commencement-of-construction", "type": "definition", "offset": [13, 41]}, {"key": "the-state", "type": "clause", "offset": [91, 100]}, {"key": "fifty-percent", "type": "definition", "offset": [191, 204]}, {"key": "cost-of", "type": "definition", "offset": [224, 231]}, {"key": "the-construction", "type": "clause", "offset": [232, 248]}, {"key": "the-bond", "type": "clause", "offset": [250, 258]}, {"key": "faithful-performance", "type": "clause", "offset": [275, 295]}, {"key": "construction-by-concessionaire", "type": "clause", "offset": [303, 333]}], "snippet": "Prior to the commencement of construction required hereunder, Concessionaire shall furnish the State with a bond, listing Concessionaire's contractor(s) as principals, in a sum not less than fifty percent (50%) of the total cost of the construction. The bond shall guarantee faithful performance of the construction by Concessionaire\u2019s contractor.", "samples": [{"hash": "dmza5Ysk3W4", "uri": "/contracts/dmza5Ysk3W4#construction-performance-bond", "label": "Marina Concession Contract", "score": 29.3390373502, "published": true}, {"hash": "1z3de28rj1S", "uri": "/contracts/1z3de28rj1S#construction-performance-bond", "label": "Marina Concession Contract", "score": 29.3390373502, "published": true}, {"hash": "2XIvEPSPYjH", "uri": "/contracts/2XIvEPSPYjH#construction-performance-bond", "label": "Concession Contract", "score": 27.5980715692, "published": true}], "size": 7, "hash": "58bba25a3b95f0186c653274dc09d5b8", "id": 1}, {"snippet_links": [{"key": "the-concessionaire-shall", "type": "clause", "offset": [6, 30]}, {"key": "works-commencement-date", "type": "definition", "offset": [54, 77]}, {"key": "face-value", "type": "clause", "offset": [120, 130]}, {"key": "the-pre", "type": "clause", "offset": [168, 175]}, {"key": "estimated-project-cost", "type": "clause", "offset": [176, 198]}, {"key": "completion-of-the-works", "type": "definition", "offset": [241, 264]}, {"key": "during-the-construction-period", "type": "clause", "offset": [265, 295]}, {"key": "form-and-content", "type": "clause", "offset": [347, 363]}, {"key": "schedule-f", "type": "definition", "offset": [377, 387]}, {"key": "financial-close-bond", "type": "definition", "offset": [433, 453]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [494, 517]}, {"key": "provision-of-the", "type": "clause", "offset": [518, 534]}, {"key": "in-the-event", "type": "clause", "offset": [566, 578]}, {"key": "to-submit", "type": "definition", "offset": [672, 681]}, {"key": "breach-of-this-agreement", "type": "clause", "offset": [767, 791]}, {"key": "form-of-bank-guarantee", "type": "clause", "offset": [845, 867]}, {"key": "issued-by", "type": "definition", "offset": [868, 877]}, {"key": "scheduled-commercial-bank", "type": "definition", "offset": [880, 905]}, {"key": "state-bank-of-pakistan", "type": "definition", "offset": [945, 967]}, {"key": "assets-or-properties", "type": "definition", "offset": [1082, 1102]}, {"key": "concession-area", "type": "clause", "offset": [1175, 1190]}, {"key": "operations-phase", "type": "definition", "offset": [1232, 1248]}], "snippet": "\u200c\n(a) The Concessionaire shall provide to FBR, by the Works Commencement Date, the Construction Performance Bond with a face value equivalent to [five] percent (5%) of the Pre-Estimated Project Cost, which shall answer for and guarantee the completion of the Works during the Construction Period. The Construction Performance Bond shall be in the form and content set forth in Schedule F (Form of Construction Performance Bond). The Financial Close Bond shall be returned to the Concessionaire simultaneously with the provision of the Construction Performance Bond. In the event that FBR refuses to return the Financial Close Bond, the Concessionaire shall not be obliged to submit the Construction Performance Bond and, in doing so, shall not be considered to be in breach of this Agreement.\n(b) The Construction Performance Bond may be in the form of bank guarantee issued by a scheduled commercial bank of Pakistan as per requirements of the State Bank of Pakistan. The Construction Performance Bond shall be issued and maintained without any recourse on the Concessionaire, its assets or properties; and further shall not be secured through any encumbrance/charge on the Concession Area and shall remain valid till the start of operations phase.", "samples": [{"hash": "hmVzlKxRtIs", "uri": "/contracts/hmVzlKxRtIs#construction-performance-bond", "label": "Concession Agreement", "score": 35.101886126, "published": true}, {"hash": "hTk6XIry2Af", "uri": "/contracts/hTk6XIry2Af#construction-performance-bond", "label": "Concession Agreement", "score": 35.0967535014, "published": true}, {"hash": "ayztIyVITHH", "uri": "/contracts/ayztIyVITHH#construction-performance-bond", "label": "Concession Agreement", "score": 35.0929040329, "published": true}], "size": 4, "hash": "783bc2026c42b9e636da2db94053e2cf", "id": 3}, {"snippet_links": [{"key": "the-notice-to-proceed", "type": "clause", "offset": [25, 46]}, {"key": "the-concessionaire-shall", "type": "clause", "offset": [48, 72]}, {"key": "provide-a", "type": "definition", "offset": [73, 82]}, {"key": "to-this-agreement", "type": "clause", "offset": [181, 198]}, {"key": "the-construction", "type": "clause", "offset": [211, 227]}, {"key": "valid-from", "type": "clause", "offset": [253, 263]}, {"key": "date-of-issuance", "type": "definition", "offset": [268, 284]}, {"key": "substantial-construction", "type": "definition", "offset": [316, 340]}, {"key": "by-the-concessionaire", "type": "clause", "offset": [353, 374]}, {"key": "approved-by", "type": "definition", "offset": [379, 390]}], "snippet": "Prior to the issuance of the Notice to Proceed, the Concessionaire shall provide a Construction Performance Bond in an amount in NIS equivalent to $10 million, in the form attached to this Agreement as Annex N. The Construction Performance Bond will be valid from the date of issuance of the Notice to Proceed until Substantial Construction is attained by the Concessionaire and approved by the CTA.", "samples": [{"hash": "kgdPGJbqBcu", "uri": "/contracts/kgdPGJbqBcu#construction-performance-bond", "label": "Concession Agreement", "score": 21.6584531143, "published": true}], "size": 2, "hash": "c2248ba0847bedf191270ba7dd1881ef", "id": 6}, {"snippet_links": [{"key": "city-streets", "type": "clause", "offset": [55, 67]}, {"key": "a-performance-bond", "type": "clause", "offset": [125, 143]}, {"key": "to-the-city", "type": "definition", "offset": [144, 155]}, {"key": "the-bond", "type": "clause", "offset": [199, 207]}, {"key": "good-and-sufficient", "type": "definition", "offset": [235, 254]}, {"key": "by-the-city", "type": "clause", "offset": [271, 282]}, {"key": "equal-to", "type": "definition", "offset": [316, 324]}, {"key": "work-to-be-performed", "type": "definition", "offset": [353, 373]}, {"key": "not-to-exceed", "type": "clause", "offset": [379, 392]}, {"key": "city-attorney", "type": "definition", "offset": [476, 489]}, {"key": "the-requirements", "type": "clause", "offset": [515, 531]}, {"key": "be-conditioned", "type": "clause", "offset": [567, 581]}, {"key": "the-grantee", "type": "definition", "offset": [587, 598]}, {"key": "each-term", "type": "clause", "offset": [649, 658]}, {"key": "section-13", "type": "definition", "offset": [679, 689]}, {"key": "general-use", "type": "clause", "offset": [691, 702]}, {"key": "right-of-way", "type": "clause", "offset": [726, 738]}, {"key": "associated-with", "type": "definition", "offset": [780, 795]}, {"key": "full-force-and-effect", "type": "definition", "offset": [845, 866]}, {"key": "at-all-times", "type": "definition", "offset": [867, 879]}, {"key": "the-construction-work", "type": "definition", "offset": [887, 908]}, {"key": "final-approval", "type": "clause", "offset": [964, 978]}, {"key": "the-city-engineer", "type": "definition", "offset": [1042, 1059]}, {"key": "city-agrees-to", "type": "clause", "offset": [1085, 1099]}, {"key": "all-documents", "type": "definition", "offset": [1105, 1118]}, {"key": "in-accordance-with", "type": "definition", "offset": [1149, 1167]}, {"key": "terms-of", "type": "definition", "offset": [1172, 1180]}], "snippet": "Before beginning any construction work in or under the City streets requiring a street opening permit, Grantee shall furnish a performance bond to the City as is required for street opening permits. The bond shall run to the City with good and sufficient surety approved by the City and shall be maintained in a sum equal to the anticipated cost of the work to be performed, but not to exceed two million dollars ($2,000,000). The bond shall be subject to the approval of the City Attorney as to its adequacy under the requirements under this section. The bond shall be conditioned that the Grantee shall well and truly observe, fulfill and perform each term and condition under Section 13, General Use of and Construction in Right of Way. Grantee shall pay all premiums or costs associated with maintaining the bond, and shall keep the same in full force and effect at all times during the construction work. The bond shall provide that it may be terminated upon final approval of Grantee's construction work in or under the City streets by the City Engineer. Upon such approval, the City agrees to sign all documents necessary to release the bond in accordance with the terms of this sub section.", "samples": [{"hash": "hTfgPHlrVHL", "uri": "/contracts/hTfgPHlrVHL#construction-performance-bond", "label": "Cable Television Franchise Agreement", "score": 19.0, "published": true}, {"hash": "fruVHegML2p", "uri": "/contracts/fruVHegML2p#construction-performance-bond", "label": "Cable Television Franchise Agreement", "score": 19.0, "published": true}], "size": 3, "hash": "fcf4fbee957b2c552a29756fb07921a7", "id": 4}, {"snippet_links": [{"key": "before-starting", "type": "clause", "offset": [0, 15]}, {"key": "a-performance-bond", "type": "clause", "offset": [73, 91]}, {"key": "the-system", "type": "definition", "offset": [155, 165]}, {"key": "in-this-agreement", "type": "clause", "offset": [179, 196]}, {"key": "the-site", "type": "clause", "offset": [271, 279]}, {"key": "licensed-area", "type": "definition", "offset": [284, 297]}, {"key": "in-the-event", "type": "clause", "offset": [332, 344]}, {"key": "complete-the", "type": "clause", "offset": [363, 375]}, {"key": "installation-of-the", "type": "clause", "offset": [376, 395]}, {"key": "in-accordance-with", "type": "definition", "offset": [403, 421]}, {"key": "to-licensee", "type": "definition", "offset": [461, 472]}, {"key": "day-of", "type": "clause", "offset": [532, 538]}, {"key": "second-contract-year", "type": "definition", "offset": [543, 563]}, {"key": "payment-and-performance-bonds", "type": "definition", "offset": [581, 610]}, {"key": "physical-construction", "type": "definition", "offset": [623, 644]}, {"key": "the-bond", "type": "clause", "offset": [661, 669]}, {"key": "section-89", "type": "clause", "offset": [673, 684]}, {"key": "the-licensee-shall", "type": "clause", "offset": [686, 704]}, {"key": "by-trustees", "type": "clause", "offset": [783, 794]}, {"key": "equal-to", "type": "definition", "offset": [828, 836]}, {"key": "mutually-agreed", "type": "clause", "offset": [856, 871]}, {"key": "executed-by", "type": "clause", "offset": [900, 911]}, {"key": "admitted-surety-insurer", "type": "clause", "offset": [915, 938]}, {"key": "the-state-of-california", "type": "clause", "offset": [951, 974]}, {"key": "department-list", "type": "definition", "offset": [1033, 1048]}, {"key": "certificates-of-authority", "type": "clause", "offset": [1071, 1096]}, {"key": "department-of-insurance", "type": "definition", "offset": [1232, 1255]}, {"key": "faithful-performance", "type": "clause", "offset": [1469, 1489]}, {"key": "the-installation-work", "type": "definition", "offset": [1493, 1514]}, {"key": "licensee-and-the", "type": "clause", "offset": [1522, 1538]}, {"key": "payment-of-laborers", "type": "clause", "offset": [1558, 1577]}, {"key": "material-men", "type": "clause", "offset": [1593, 1605]}, {"key": "employed-in-connection-with", "type": "definition", "offset": [1606, 1633]}, {"key": "approval-of-trustees", "type": "clause", "offset": [1687, 1707]}, {"key": "required-by", "type": "definition", "offset": [1726, 1737]}, {"key": "this-subsection", "type": "definition", "offset": [1738, 1753]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1776, 1797]}, {"key": "the-construction", "type": "clause", "offset": [1817, 1833]}, {"key": "period-of", "type": "definition", "offset": [1844, 1853]}, {"key": "one-year", "type": "clause", "offset": [1854, 1862]}, {"key": "commercial-operation-date", "type": "definition", "offset": [1873, 1898]}, {"key": "in-writing", "type": "clause", "offset": [2106, 2116]}, {"key": "further-bonds", "type": "definition", "offset": [2148, 2161]}, {"key": "to-the-extent", "type": "clause", "offset": [2183, 2196]}, {"key": "additional-construction-costs", "type": "definition", "offset": [2205, 2234]}], "snippet": "Before starting any construction or installation, Licensee shall furnish a performance bond in an amount calculated by multiplying the kW (AC) capacity of the System as described in this Agreement by $250/kW, which provides an estimate of the amount necessary to restore the Site and Licensed Area to its pre-installation condition in the event Licensee fails to complete the installation of the System in accordance with this Agreement. Trustees shall release to Licensee any such construction performance bond no later than first day of the second Contract Year.\n8.9.1. Licensee Payment and Performance Bonds for initial physical construction: In addition to the Bond in Section 8.9, the Licensee shall furnish, for each counterpart signed, two surety bonds in the form prescribed by Trustees. Each bond shall be in an amount equal to 100 percent of the mutually agreed upon construction costs and executed by an admitted surety insurer licensed in the State of California and listed in the latest published United States Treasury Department list of \u201cCompanies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies.\u201d Reference the following websites: State of California Department of Insurance at: \u2587\u2587\u2587\u2587\u2587://\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587.\u2587\u2587\u2587/companyprofile/companyprofil e and the US Treasury listing at: \u2587\u2587\u2587\u2587\u2587://\u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587/fsreports/ref/suretyBnd/c570.htm One of the surety bonds shall guarantee faithful performance of the installation work by the Licensee and the other shall secure payment of laborers, mechanics, or material men employed in connection with the installation work. Such bonds are subject to the approval of Trustees. The surety bonds required by this Subsection 8.9.1 shall remain in full force and effect during the term of the construction and for a period of one year after the Commercial Operation Date. Trustees shall release to Licensee all such bonds no later than the first day of the second Contract Year. If change order(s) exceed 110% of the mutually agreed upon construction costs, Trustees may demand in writing that the Licensee provide such further bonds or additional surety to the extent of such additional construction costs, not exceeding that originally required, as in Trustees\u2019 opinion is necessary, considering the extent of the Installation Work remaining to be done.", "samples": [{"hash": "aMdFujaAH6a", "uri": "/contracts/aMdFujaAH6a#construction-performance-bond", "label": "Master Enabling Agreement", "score": 32.611913275, "published": true}, {"hash": "hHiJOjpGr6z", "uri": "/contracts/hHiJOjpGr6z#construction-performance-bond", "label": "Master Enabling Agreement", "score": 30.8435738182, "published": true}, {"hash": "4HQkWfIGJHX", "uri": "/contracts/4HQkWfIGJHX#construction-performance-bond", "label": "Master Enabling Agreement", "score": 30.8435738182, "published": true}], "size": 4, "hash": "399d5e2124ef27ef2f17573320a32b3e", "id": 2}, {"snippet_links": [{"key": "corporate-surety-bond", "type": "definition", "offset": [0, 21]}, {"key": "exhibit-f", "type": "definition", "offset": [54, 63]}, {"key": "sum-of", "type": "clause", "offset": [110, 116]}, {"key": "of-the-contractor", "type": "clause", "offset": [122, 139]}, {"key": "performance-of-the-work", "type": "clause", "offset": [181, 204]}], "snippet": "Corporate surety bond, in the form attached hereto as Exhibit F - Construction Performance Bond, in the penal sum of 100% of the Contractor\u2019s Bid as accepted, to guarantee faithful performance of the Work; and,", "samples": [{"hash": "fWvWd6aHDAt", "uri": "/contracts/fWvWd6aHDAt#construction-performance-bond", "label": "Service Agreement", "score": 23.6776180698, "published": true}], "size": 1, "hash": "22014078bc8d38cbc91cb80349a3ed5a", "id": 8}, {"snippet_links": [{"key": "relocation-of-the-facilities", "type": "clause", "offset": [98, 126]}, {"key": "by-the-city", "type": "clause", "offset": [143, 154]}, {"key": "a-performance-bond", "type": "clause", "offset": [181, 199]}, {"key": "corporate-surety", "type": "definition", "offset": [234, 250]}, {"key": "to-the-city", "type": "definition", "offset": [273, 284]}, {"key": "equal-to", "type": "definition", "offset": [298, 306]}, {"key": "construction-cost", "type": "definition", "offset": [319, 336]}, {"key": "the-performance", "type": "clause", "offset": [338, 353]}, {"key": "timely-completion", "type": "clause", "offset": [394, 411]}, {"key": "in-compliance-with", "type": "definition", "offset": [446, 464]}, {"key": "applicable-plans", "type": "clause", "offset": [469, 485]}, {"key": "technical-codes", "type": "definition", "offset": [496, 511]}, {"key": "and-standards", "type": "clause", "offset": [513, 526]}, {"key": "proper-location", "type": "clause", "offset": [532, 547]}, {"key": "as-specified", "type": "clause", "offset": [566, 578]}, {"key": "restoration-of", "type": "clause", "offset": [596, 610]}, {"key": "the-rights", "type": "clause", "offset": [611, 621]}, {"key": "affected-by", "type": "definition", "offset": [655, 666]}, {"key": "submission-of", "type": "clause", "offset": [689, 702]}, {"key": "after-completion-of-construction", "type": "clause", "offset": [721, 753]}, {"key": "satisfaction-of-all-claims", "type": "clause", "offset": [782, 808]}, {"key": "services-provided", "type": "definition", "offset": [853, 870]}, {"key": "in-connection-with", "type": "clause", "offset": [871, 889]}, {"key": "the-work", "type": "definition", "offset": [890, 898]}, {"key": "city-property", "type": "definition", "offset": [943, 956]}, {"key": "in-full-force", "type": "definition", "offset": [980, 993]}, {"key": "the-obligations-secured", "type": "clause", "offset": [1000, 1023]}, {"key": "final-inspection", "type": "definition", "offset": [1072, 1088]}, {"key": "approval-process", "type": "clause", "offset": [1094, 1110]}, {"key": "maintenance-bond", "type": "clause", "offset": [1114, 1130]}, {"key": "section-192", "type": "clause", "offset": [1147, 1159]}, {"key": "in-writing", "type": "clause", "offset": [1233, 1243]}], "snippet": "Upon an application for a permit involving excavation, installation, construction, restoration or relocation of the Facilities and if required by the City, Franchisee shall furnish a performance bond (\u201cPerformance Bond\u201d) written by a corporate surety reasonably acceptable to the city in an amount equal to 150% of the construction cost. The Performance Bond shall guarantee the following: (1) timely completion of construction; (2) construction in compliance with all applicable plans, permits, technical codes, and standards; (3) proper location of the Facilities as specified by the City; (4) restoration of the Rights-of-Way and other City properties affected by the construction; (5) submission of as-built drawings after completion of construction; and (6) timely payment and satisfaction of all claims, demands, or liens for labor, materials, or services provided in connection with the work which could be asserted against the City or City property. Said bond must remain in full force until the obligations secured are fully performed as determined by the City\u2019s final inspection and\u200c approval process, a Maintenance Bond as described in Section 19.2 is submitted to the City, and the City has released the Performance Bond in writing.", "samples": [{"hash": "4JnkL8Gboh8", "uri": "/contracts/4JnkL8Gboh8#construction-performance-bond", "label": "Franchise Agreement", "score": 27.0141514414, "published": true}], "size": 1, "hash": "4976d6c46a91a697cd77e3abd307d4c2", "id": 9}, {"snippet_links": [{"key": "city-streets", "type": "clause", "offset": [55, 67]}, {"key": "a-performance-bond", "type": "clause", "offset": [125, 143]}, {"key": "to-the-city", "type": "definition", "offset": [144, 155]}, {"key": "the-bond", "type": "clause", "offset": [199, 207]}, {"key": "good-and-sufficient", "type": "definition", "offset": [236, 255]}, {"key": "by-the-city", "type": "clause", "offset": [272, 283]}, {"key": "equal-to", "type": "definition", "offset": [307, 315]}, {"key": "cost-of-the-work", "type": "definition", "offset": [332, 348]}, {"key": "city-attorney", "type": "definition", "offset": [399, 412]}, {"key": "the-requirements", "type": "clause", "offset": [438, 454]}, {"key": "be-conditioned", "type": "clause", "offset": [490, 504]}, {"key": "the-grantee", "type": "definition", "offset": [510, 521]}, {"key": "each-term", "type": "clause", "offset": [572, 581]}, {"key": "section-13", "type": "definition", "offset": [602, 612]}, {"key": "general-use", "type": "clause", "offset": [614, 625]}, {"key": "right-of-way", "type": "clause", "offset": [653, 665]}, {"key": "associated-with", "type": "definition", "offset": [707, 722]}, {"key": "full-force-and-effect", "type": "definition", "offset": [772, 793]}, {"key": "at-all-times", "type": "definition", "offset": [794, 806]}, {"key": "the-construction-work", "type": "definition", "offset": [814, 835]}, {"key": "final-approval", "type": "clause", "offset": [891, 905]}, {"key": "the-city-engineer", "type": "definition", "offset": [969, 986]}, {"key": "city-agrees-to", "type": "clause", "offset": [1012, 1026]}, {"key": "all-documents", "type": "definition", "offset": [1032, 1045]}, {"key": "in-accordance-with", "type": "definition", "offset": [1076, 1094]}, {"key": "terms-of", "type": "definition", "offset": [1099, 1107]}], "snippet": "Before beginning any construction work in or under the City streets requiring a street opening permit, Grantee shall furnish a performance bond to the City as is required for street opening permits. The bond shall run to the City, with good and sufficient surety approved by the City, and shall be in a sum equal to the anticipated cost of the work. The bond shall be subject to the approval of the City Attorney as to its adequacy under the requirements under this Section. The bond shall be conditioned that the Grantee shall well and truly observe, fulfill and perform each term and condition under Section 13, General Use of and Construction in the Right of Way. Grantee shall pay all premiums or costs associated with maintaining the bond, and shall keep the same in full force and effect at all times during the construction work. The bond shall provide that it may be terminated upon final approval of Grantee's construction work in or under the City streets by the City Engineer. Upon such approval, the City agrees to sign all documents necessary to release the bond in accordance with the terms of this Section.", "samples": [{"hash": "5Yz3bBZLAgv", "uri": "/contracts/5Yz3bBZLAgv#construction-performance-bond", "label": "Franchise Agreement", "score": 19.0, "published": true}], "size": 1, "hash": "6dc1226fdf067a36a2ea7f3ca450cf75", "id": 10}], "next_curs": "CmYSYGoVc35sYXdpbnNpZGVyY29udHJhY3RzckILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiZjb25zdHJ1Y3Rpb24tcGVyZm9ybWFuY2UtYm9uZCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [], "size": 30, "title": "Construction Performance Bond", "parents": [["bonds", "BONDS"], ["public-utilities-required-for-the-works", "Public Utilities required for the Works"], ["financial-close-achievement-notice-and-financial-close-achievement-certificate", "Financial Close Achievement Notice and Financial Close Achievement Certificate"], ["system-construction-and-installation", "System Construction and Installation"], ["indemnification-insurance-bonds-and-security-fund", "Indemnification Insurance Bonds and Security Fund"]], "id": "construction-performance-bond", "related": [["performance-bond", "Performance Bond", "Performance Bond"], ["contractor-performance-audit", "CONTRACTOR PERFORMANCE AUDIT", "CONTRACTOR PERFORMANCE AUDIT"], ["performance-bonds", "Performance Bonds", "Performance Bonds"], ["system-performance-requirements", "SYSTEM PERFORMANCE REQUIREMENTS", "SYSTEM PERFORMANCE REQUIREMENTS"], ["quarterly-contractor-performance-reporting", "Quarterly Contractor Performance Reporting", "Quarterly Contractor Performance Reporting"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00"}, "json": true, "cursor": ""}}