Common use of Performance and Labor and Material Payment Bonds Clause in Contracts

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

Appears in 5 contracts

Samples: Energy Services Agreement, Energy Services Agreement, Energy Services Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.