Default Protection. > To the extent economically feasible and justifiable, as determined by the State after consultation with contractors, the State shall maintain insurance or other forms of security protecting bondholders and non-defaulting contractors against costs resulting from the failure of any contractor to make the payments required by this article.
Appears in 5 contracts
Samples: Water Supply Contract, Water Supply Contract, Water Supply Contract
Default Protection. > To the extent economically feasible and justifiable, as determined by the State after consultation with contractors, the State shall maintain insurance or other forms of security protecting bondholders and non-defaulting contractors against costs resulting from the failure of any contractor to make the payments required by this article.article.
Appears in 4 contracts
Samples: Water Supply Contract, Water Supply Contract, Water Supply Contract
Default Protection. > >To the extent economically feasible and justifiable, as determined by the State after consultation with contractors, the State shall maintain insurance or other forms of security protecting bondholders and non-defaulting contractors against costs resulting from the failure of any contractor to make the payments required by this article.article.
Appears in 1 contract
Samples: Water Supply Contract
Default Protection. > >To the extent economically feasible and justifiable, as determined by the State after consultation with contractors, the State shall maintain insurance or other forms of security protecting bondholders and non-defaulting contractors against costs resulting from the failure of any contractor to make the payments required by this article.
Appears in 1 contract
Samples: Water Supply Contract
