Guarantee Bond Sample Clauses

Guarantee Bond. 2.1. The Guarantor guarantees to the Employer that in the event of a breach of the Building Contract by the Contractor the Guarantor shall subject to the provisions of this Performance Bond satisfy and discharge the damages sustained by the Employer as established and ascertained 9 Delete as appropriate. pursuant to and in accordance with the provisions of or by reference to the Building Contract and taking into account all sums due or to become due to the Contractor. 2.2. The maximum aggregate liability of the Guarantor and the Contractor under this Performance Bond shall not exceed the Bond Amount but subject to such limitation and to clause 4, the liability of the Guarantor shall be co-extensive with the liability of the Contractor under the Building Contract.

Guarantee Bond. 51.1 If so provided for by the STC, the financial retention under the good performance/guarantee security may be replaced by a good performance/guarantee bond provided at the same time as the final invoice. The bond corresponding to the amount of the good performance/guarantee retention must be valid until the 5th working day after the expiry of the guarantee period. 51.2 If the Client draws on the guarantee bond in accordance with the provisions of the Agreement, the Contractor shall, within 5 days of the drawdown, supplement the guarantee bond to the amount of the original bank guarantee or provide a new bank guarantee accordingly, so that the Client has the original amount of the bank guarantee. Failing this, the Client shall be entitled to draw on the Contractor's bank guarantee in its possession and to treat the amount so drawn as a financial retention. 51.3 In the case of the provision of a bank guarantee, the Contractor shall in all cases consult the Client on the wording and conditions. 51.4 If the Contractor is subject to liquidation procedures or other proceedings for its termination without legal succession, or it has initiated its own bankruptcy during the guarantee period, the Client shall automatically be entitled for the guarantee security from the day before the institution of the liquidation procedure or other proceedings for the termination of the Contractor without legal succession, or the day of the bankruptcy. 51.5 The performance/good performance security provided by the Contractor may also be used to cover contractual penalties and legitimate claims for damages against the Contractor.

Guarantee Bond. The Contractor shall post a bid guarantee bond of 5 percent of the bid price to assure that the bidder will, upon acceptance of his or her bid, execute such contractual documents as may be required within the time specified in the bid documents. (Applicable to contracts over $10,000.)

Guarantee Bond. ( PUFF panel roofing )

Guarantee Bond. 2.1 The Guarantor guarantees to the Employer that in the event of a breach of the Building Contract by the Contractor the Guarantor shall subject to the provisions of this Performance Bond satisfy and discharge the damages sustained by the Employer as established and

Guarantee Bond. Upon execution of this Contract, CONTRACTOR must obtain and maintain in full force and effect the following Bond provided by a bonding company acceptable to the OWNER: a) Upon acceptance of the Work by the OWNER and prior to final payment hereof, the CONTRACTOR shall obtain and provide a guarantee bond from such bonding company as the OWNER may approve and in an amount equal to ten (10%) percent of the Contract Sum. Said bond shall be in effect through the warranty period and any extensions thereof as provided in Clause 21. The bond shall cover all the obligations of the CONTRACTOR under and derived of this Contract, including but not limited to those of criminal, labor, tax, commercial and civil nature. CONTRACTOR shall furnish OWNER with certificate for such bond policy required to be provided under this Contract, which policy shall provide that it shall not be reduced or canceled during its corresponding term of effectiveness. CONTRACTOR shall furnish OWNER with copy of the receipt of payment of the corresponding premium on such bond policy. The bond policy shall be issued by a company approved by the OWNER, which shall be subject to the approval of the OWNER as to amount, content, form and expiration date, and shall name OWNER as beneficiary. The bond policy may only be reduced or canceled with the OWNER’S prior written approval.

Guarantee Bond. 一）保證金之發還情形如下(由機關擇定後於招標時載明) ： The circumstances in which the guarantee bond shall be released are as follows(to be specified by the Entity in the tender documentation)： □預付款還款保證，依廠商已履約部分所占進度之比率遞減。 The refund bond for advance payment shall be reduced progressively, pro rata to the progress of work of the part that has been fulfilled by the Contractor. □預付款還款保證，依廠商已履約部分所占契約金額之比率遞減。 The refund bond for advance payment shall be reduced progressively, pro rata to the contract value of the part that has been fulfilled by the Contractor. □預付款還款保證，於驗收合格後一次發還。 The refund bond for advance payment shall be released in whole upon satisfactory inspection and acceptance. □履約保證金於履約驗收合格且無待解決事項後 30 日內發還。有分段或部分驗收情形者，得按比例分次發還。 The performance bond shall be released within 30 days upon satisfactory inspection and acceptance and when nothing is pending to be resolved. Where inspection and acceptance are conducted in stages or in parts, the bond may be released progressively in proportion to the percentage of the stage or part. □履約保證金依履約進度分 期平均發還。 The performance bond shall be released by equal installments in accordance with the progress of the contract performance. □履約保證金依履約進度分 期發還，各期之條件及比率如下(由機關於招標時載明)： The performance bond shall be released by installments in accordance with the progress of the contract performance. The terms and ratio hereof for each installment are as follows: (to be specified by the Entity in the tender documentation) □履約保證金於履約驗收合格且無待解決事項後30 日內發還 (由 機關於招標時載明)。其餘之部分於 (由機關於招標時載明)且無待解決事項後 30 日內發還。 pending to be resolved. □廠商於履約標的完成驗收付款前應繳納保固保證金。 The Contractor shall deposit a warranty bond before payment is made for the inspection and acceptance of the subject of contract. □保固保證金於保固期滿且無待解決事項後 30 日內一次發還。 The warranty bond shall be released in whole within 30 days upon expiry of the warranty period and when nothing is pending to be resolved. □差額保證金之發還，同履約保證金。 The release of the price difference bond shall be subject to the same terms as that of the performance bond. □其他 Others： （二）因不可歸責於廠商之事由，致全部終止或解除契約，或暫停履約逾＿個月(由機關於招標時載明；未載明者，為 6 個月)者，履約保證金應提前發還。但屬暫停履約者，於暫停原因消滅後應重新繳納履約保證金。因可歸責於機關之事由而暫停履約，其需延長履約保證金有效期之合理必要費用，由機關負擔。 In the event that the contract is terminated, rescinded or suspended in whole for more than month(s) (to be specified by the Entity in the tender documentation, “6 months” will apply if not specified) for causes not attributable to the Contractor, the performance bond shall be released thereafter. However, where the contract is being suspended, the...

Guarantee Bond. The original Letter of Credit No. 15-01 shall serve as the Guarantee Bond herein. Failure to provide and/or maintain this Guarantee Bond for until its expiration shall be deemed a default of the Development Agreement.

Guarantee Bond. Contractor shall furnish to the District a fully executed Faithful Performance Bond for 100% of the Contract price. ▇▇▇▇ is subject to approval of District Representative.