Performance and Labor and Material Payment Bonds Sample Clauses

Performance and Labor and Material Payment Bonds. The ESCO shall, prior to commencing the Project, deliver to the ISSUER a Performance Bond and a Labor and Material Payment Bond that conforms to the requirements of N.C. General Statute Chapter 44-A, Article 3. Notwithstanding any provision to the contrary herein, any payment and performance bonds associated with this agreement shall secure only the ESCO’s faithful performance of the installation portion of this Agreement, and shall not be construed to secure
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Performance and Labor and Material Payment Bonds a. The Vendor shall execute and deliver to APS Performance and Labor and Material Payment Bonds on the forms attached to this Purchase Order, each in an amount equal to the Purchase Order Total. The Performance and Labor and Material Payment Bonds shall be executed by a solvent and responsible surety company licensed to conduct business in the Commonwealth of Virginia, named in the current United States Treasury Department’s latest Circular 570 and acceptable to APS. These bonds shall be issued and countersigned by a local authorized representative of such surety company who maintains a resident place of business in the Commonwealth of Virginia, regularly commissioned and licensed in the Commonwealth and producing satisfactory evidence of the authority of the person or persons executing the bonds to execute them on behalf of the surety. The Performance and Labor and Material Payment Bonds shall serve as security for the faithful performance of this Purchase Order, and for the payment of all persons performing labor and furnishing materials and services in connection with this Purchase Order consistent with the requirements of the Virginia Public Procurement Act. The premiums on the Performance and Labor and Material Payment Bonds shall be paid by the Vendor and shall be included in the Purchase Order Total.
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Performance and Labor and Material Payment Bonds. Developer shall submit to DHHL performance and payment bonds which shall insure the full performance of all construction contracts and the payment of all obligations arising out of the construction of the Homes. Such bonds shall be issued by a surety licensed to do business in the State of Hawaii with an appropriate rider naming DHHL as obligee.
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Performance and Labor and Material Payment Bonds. If, during the Contract Time, Change Orders or Construction Change Directives increase the Contract Sum, Contractor shall furnish to the State additional bonding coverage as required by Wyo. Stat. § 9-2-3004(c)(iv)(C), so that a bond of one hundred percent (100%) of the Contract Sum is always provided.
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Performance and Labor and Material Payment Bonds. The COMPANY shall, as soon as practicable following the execution date set forth in Article 15 hereof, and prior to commencing the Work, deliver to the INSTITUTION a Performance Bond and a Labor and Material Payment Bond securing its obligations to be performed under this Agreement until the Acceptance of the Work by the INSTITUTION. Each bond shall be in the amount set forth in Schedule Q hereof.
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Performance and Labor and Material Payment Bonds. The ESCO shall, prior to commencing the Project, deliver to the ISSUER a Performance Bond and a Labor and Material Payment Bond that conforms to the requirements of N.C. General Statute Chapter 44-A, Article 3. Notwithstanding any provision to the contrary herein, any payment and performance bonds associated with this agreement shall secure only the ESCO’s faithful performance of the installation portion of this Agreement, and shall not be construed to secure the energy savings guaranteed by the ESCO under this Agreement; the performance of any support or maintenance service agreement, or any other guarantees or warranties with terms beyond one (1) year in duration from the completion of the installation portion of this Agreement. Right to Terminate the ESCO’s Performance of the Work. If the ESCO fails or refuses to perform the Work with such diligence as to allow completion of the Work substantially in accordance with Schedule I, or commits a material breach of any other provision of this Agreement, and provided that such breach continues for sixty(60) days after written notice to the ESCO demanding that such breach be cured or if cure cannot be effected within sixty (60) days, or the ESCO fails to propose and commence a cure acceptable to the ISSUER within such sixty (60) days, then the ISSUER may issue a notice of intent to terminate the ESCO’s right to proceed with the Work as specified herein. In no event shall the ISSUER have any obligation to compensate the ESCO for delays arising pursuant to the ESCO’s failure or refusal to diligently perform the Work and damages arising in connection therewith. In such case, the ISSUER shall give the ESCO and its surety written notice of intention to terminate the ESCO’s right to complete the Work and the reason therefore and, unless within seven (7) business days after the notice of intent to terminate the delay or violation shall cease or a cure acceptable to the ISSUER for correcting the situation is proposed, the ISSUER may issue a termination notice to such effect for the ESCO and its surety. Thereupon, the surety will be given the opportunity to complete the Work in accordance with the Project Documents. Such completion may include, but not be limited to, the use of a competing ESCO, satisfactory to the ISSUER, pursuant to a written takeover agreement, the payment of a sum of money required to allow the ISSUER to complete the Work, or other arrangements agreed to by the ISSUER and the surety. If within seven...
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Performance and Labor and Material Payment Bonds. The ESCOCOMPANY shall, as soon as practicable following the execution date set forth in Article 15 hereof, and prior to commencing the Work, deliver to the ISSUERCUSTOMER a Performance Bond and a Labor and Material Payment Bond in conformity with N.C. General Statute Chapter 44-A, Article 3. securing its obligations to be performed under this Agreement until the Acceptance of the Work by the CUSTOMER. Each bond shall be in the amount set forth in Schedule Q hereof.
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Performance and Labor and Material Payment Bonds. Unless otherwise provided in the MSA, the Subcontractor shall provide separate Performance and Labor and Material Payment Bonds, in a form and with surety, satisfactory to Maintco Corp. in the full amount of this Subcontract. The premiums for these Bonds shall be paid by the Subcontractor and the cost thereof is included in the Subcontract Price.
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Related to Performance and Labor and Material Payment Bonds

  • Payment for Labor and Materials The Contractor agrees and binds itself to pay for all labor done, and for all the materials used in the construction of the work to be completed pursuant to this contract.

  • Performance Assessment 6.1 The Performance Plan (Annexure A) to this Agreement sets out key performance indicators and competencies that needs to be evaluated in terms of –

  • Performance and Payment Bonds The authority and responsibility for requesting performance and payment bonds shall rest with the Customer. Under this Contract, the Customer issuing the purchase order may request a performance and payment bond, as deemed necessary by the size of the job. Inability to provide a bond may result in the Contractor being found in default of the purchase order.

  • Performance and Payment Bond Contractor shall post with County, not later than ten (10) days of the execution of this Agreement, a performance and payment bond in the amount of one hundred percent (100%) of the total lump sum price in such form as is satisfactory to County. The bond shall be executed by a corporate surety company duly authorized and admitted to do business in the State of Texas and licensed to issue such a bond in the State of Texas.

  • STATEWIDE ACHIEVEMENT TESTING When CONTRACTOR is a NPS, per implementation of Senate Bill 484, CONTRACTOR shall administer all Statewide assessments within the California Assessment of Student Performance and Progress (“CAASPP”), Desired Results Developmental Profile (“DRDP”), California Alternative Assessment (“CAA”), achievement and abilities tests (using LEA-authorized assessment instruments), the Fitness Gram, , the English Language Proficiency Assessments for California (“ELPAC”), and as appropriate to the student, and mandated by LEA pursuant to LEA and state and federal guidelines. CONTRACTOR is subject to the alternative accountability system developed pursuant to Education Code section 52052, in the same manner as public schools. Each LEA student placed with CONTRACTOR by the LEA shall be tested by qualified staff of CONTRACTOR in accordance with that accountability program. XXX shall provide test administration training to CONTRACTOR’S qualified staff. CONTRACTOR shall attend LEA test training and comply with completion of all coding requirements as required by XXX.

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