Common use of Other Purposes Clause in Contracts

Other Purposes. The Performance Bond Security Fund shall also serve as security for: (a) The faithful performance by Company of all terms, conditions and obligations of this Agreement; (b) Any expenditure, damage, or loss incurred by City occasioned by Company’s failure to comply with all rules, regulations, orders, permits and other directives of City and City issued pursuant to this Agreement; (c) Payment of compensation set forth in Section 7 hereof; (d) The payment of premiums for the liability insurance required pursuant to Section 10 hereof; (e) The removal of the System from the Right-of-Way of City at the termination of the Agreement, at the election of City, pursuant to Section 11.4 hereof; (f) The payment to City of any amounts for which Company is liable pursuant to Section 10.1.1 hereof which are not paid by Company's insurance; (g) The payment of any other amounts which become due to City pursuant to this Agreement or law; (h) The timely renewal of the letter of credit that constitutes the Performance Bond/Security Fund; and (i) Any costs, losses or damages incurred by City as a result of a default of Company's obligations under this Agreement.

Other Purposes. The Performance Bond Bond/Security Fund shall also serve as security for: (a) The the faithful performance by the Company of all terms, conditions and obligations of this Agreement; (b) Any any expenditure, damage, or loss incurred by the City occasioned by the Company’s 's failure to comply with all rules, regulations, orders, permits and other directives of the City and City the Commissioner issued pursuant to this Agreement; (c) Payment payment of compensation set forth in Section 7 hereof; (d) The the payment of premiums for the liability insurance required pursuant to Section 10 hereof; (e) The the removal of the System from the Right-of-Way Inalienable Property of the City at the termination of the Agreement, ; at the election of the City, pursuant to Section 11.4 hereof; (f) The payment the Payment to the City of any amounts for which the Company is liable pursuant to Section 10.1.1 hereof which are not paid by the Company's insurance; (g) The the payment of any other amounts which become due to the City pursuant to this Agreement or law; (h) The the timely renewal of the letter of credit that constitutes the Performance Bond/Security Fund; and (i) Any any costs, losses or damages incurred by the City as a result of a default of the Company's obligations under this Agreement.

Other Purposes. The Performance Bond Bond/Security Fund shall also serve as security for: (a) The the faithful performance by the Company of all terms, conditions and obligations of this Agreement; (b) Any any expenditure, damage, or loss incurred by the City occasioned by the Company’s 's failure to comply with all rules, regulations, orders, permits and other directives of the City and City the Commissioner issued pursuant to this Agreement; (c) Payment payment of compensation set forth in Section 7 hereof; (d) The the payment of premiums for the liability insurance required pursuant to Section 10 hereof; (e) The the removal of the System from the Right-of-Way Inalienable Property of the City at the termination of the Agreement, at the election of the City, pursuant to Section 11.4 hereof; (f) The the payment to the City of any amounts for which the Company is liable pursuant to Section 10.1.1 hereof which are not paid by the Company's insurance; (g) The the payment of any other amounts which become due to the City pursuant to this Agreement or law; (h) The the timely renewal of the letter of credit that constitutes the Performance Bond/Security Fund; and (i) Any any costs, losses or damages damages, incurred by the City as a result of a default of the Company's obligations under this Agreement.