Common use of Penal Bond Clause in Contracts

Penal Bond. The Developer shall execute a penal bond for the Project with good and sufficient surety to be approved by the Authority meeting the requirements of Section 18-2151, Reissue Revised Statutes of Nebraska, as amended, on or prior to its execution of this Contract.

Appears in 4 contracts

Samples: Redevelopment Contract, Redevelopment Contract, Redevelopment Contract

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