Common use of Financing and Initial Performance Letter of Credit Clause in Contracts

Financing and Initial Performance Letter of Credit. The Financing and Initial Performance Letter of Credit shall be held by the Province as security for the obligations of the Contractor to obtain the Project Financing and to design and build the Project.

Appears in 4 contracts

Samples: CNR Vegreville Agreement, www.infrastructure.alberta.ca, www.transportation.alberta.ca

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Financing and Initial Performance Letter of Credit. β€Œ The Financing and Initial Performance Letter of Credit shall be held by the Province as security for the obligations of the Contractor to obtain the Project Financing and to design and build the Project.

Appears in 3 contracts

Samples: www.transportation.alberta.ca, www.infrastructure.alberta.ca, www.infrastructure.alberta.ca

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