Common use of Letters of Credit for Payment Bond Clause in Contracts

Letters of Credit for Payment Bond. Notwithstanding the provisions of B4.3, Purchaser may use letters of credit in lieu of a surety bond for payment bond purposes when approved by Contracting Officer.

Appears in 92 contracts

Samples: Service Timber Sale Contract, Service Timber Sale Contract, Service Timber Sale Contract

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Letters of Credit for Payment Bond. Notwithstanding the provisions of B4.3BT4.3, Purchaser may use letters of credit in lieu of a surety bond for payment bond purposes when approved by Contracting Officer.

Appears in 62 contracts

Samples: Service Timber Sale Contract, Service Timber Sale Contract, Service Timber Sale Contract

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Letters of Credit for Payment Bond. Notwithstanding the provisions of B4.3, Purchaser Contractor may use letters of credit in lieu of a surety bond for payment bond purposes when approved by Contracting Officer.

Appears in 21 contracts

Samples: Integrated Resource Timber Contract, Integrated Resource Timber Contract, www.fs.usda.gov

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