Common use of Maintenance Payment and Performance Bonds Clause in Contracts

Maintenance Payment and Performance Bonds. 7.1.1 On or before 60 Days after issuance by TxDOT of Maintenance NTP1, Maintenance Contractor shall provide to TxDOT, and shall maintain at all times, a Maintenance Performance Bond and a Maintenance Payment Bond, in the forms attached as Exhibit 6 and Exhibit 7 respectively that shall guarantee the performance of the Maintenance Services and shall also guarantee payment to Persons performing certain work for Maintenance Contractor under this Comprehensive Maintenance Agreement.

Maintenance Payment and Performance Bonds. 7.1.1 7.4.1 On or before 60 Days after issuance by TxDOT of Maintenance NTP1NTP, Maintenance Contractor shall provide to TxDOT, and shall maintain at all times, a Maintenance Performance Bond and a Maintenance Payment Bond, in the forms attached as Exhibit 6 and Exhibit 7 respectively that shall guarantee the performance of the Maintenance Services and shall also guarantee payment to Persons performing certain work for Maintenance Contractor under this Comprehensive Maintenance Agreement.

Maintenance Payment and Performance Bonds. 7.1.1 7.4.1 On or before 60 Days after issuance by TxDOT of Maintenance NTP1, Maintenance DB Contractor shall provide to TxDOT, and shall maintain at all times, a Maintenance Performance Bond and a Maintenance Payment Bond, in the forms attached as Exhibit 6 and Exhibit 7 respectively that shall guarantee the performance of the Maintenance Services and shall also guarantee payment to Persons performing certain work for Maintenance DB Contractor under this Comprehensive Maintenance Agreement.