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

Letters of Credit for Payment Bond. Notwithstanding the provisions of BT4.3, 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: Timber Sale Contract, Timber Sale Contract, Timber Sale Contract

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

Appears in 6 contracts

Samples: Integrated Resource Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

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

Appears in 2 contracts

Samples: Timber Sale Contract, Timber Sale Contract

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