Common use of Costs in Excess of Performance Security Clause in Contracts

Costs in Excess of Performance Security. If the Town of Morrisville takes action upon such failure by the applicant or owner, the Town of Morrisville may collect from the applicant or owner for the difference should the amount of the reasonable cost of such action exceed the amount of the security held.

Appears in 25 contracts

Samples: Stormwater Operation and Maintenance Agreement, Stormwater Operation and Maintenance Agreement, Stormwater Operation and Maintenance Agreement

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