Common use of Payment Guaranteed by Xxxx or Deposited Securities Clause in Contracts

Payment Guaranteed by Xxxx or Deposited Securities. To guarantee payment, Contractor may furnish and maintain an acceptable surety bond or deposit in a Federal Depository negotiable securities of the United States. The securities shall be deposited through the Regional Fiscal Agent accompanied by a power of attorney and agree- ment authorizing the bond-approving officer to sell or collect such securities if payment is not made within 15 days of billing by Forest Service. The penal sum of such surety bond or the market value at time of deposit of such negotiable securities shall be the maximum amount of the payment guaranteed.

Payment Guaranteed by Xxxx or Deposited Securities. To guarantee payment, Contractor Purchaser may furnish fur- nish and maintain an acceptable surety bond or deposit in a Federal Depository negotiable securities of the United States. The securities shall be deposited through the Regional Re- gional Fiscal Agent accompanied by a power of attorney and agree- ment agreement authorizing the bond-approving officer to sell or collect such securities if payment is not made within 15 days of billing by Forest Service. The penal sum of such surety bond or the market value at time of deposit of such negotiable securities shall be the maximum amount of the payment guaranteed.

Payment Guaranteed by Xxxx or Deposited Securities. To guarantee payment, Contractor Purchaser may furnish and maintain an acceptable surety bond or deposit in a Federal Depository negotiable securities of the United States. The securities se- curities shall be deposited through the Regional Fiscal Agent accompanied by a power of attorney and agree- ment authorizing agreement author- izing the bond-approving officer to sell or collect such securities if payment is not made within 15 days of billing by Forest Service. The penal sum of such surety bond or the market value at time of deposit of such negotiable securities shall be the maximum amount of the payment guaranteed.