PERFORMANCE AND PAYMENT BONDS; OTHER SECURITY; FINANCIAL INFORMATION Sample Clauses

PERFORMANCE AND PAYMENT BONDS; OTHER SECURITY; FINANCIAL INFORMATION. 36 SECTION 9. INSURANCE 42
Sample 1
AutoNDA by SimpleDocs
PERFORMANCE AND PAYMENT BONDS; OTHER SECURITY; FINANCIAL INFORMATION. 8.1 Provision of Bonds 8.1.1 As a condition to issuance of the Initial NTP, Integrator shall provide, and continuously maintain in place for the benefit of TxDOT, a performance bond in the form of Exhibit H (a “Performance Bond”) for the Work covered by Initial NTP. Integrator shall provide, no later than 5:00 p.m. (CDT) on the [30th] day following the date of issuance of an NTP other than the Initial NTP, a Rider to the existing Performance Bond in the form of attached Exhibit H-1 (with such modifications as TxDOT approves in writing, in its sole discretion), or furnish TxDOT with a separate Performance Bond (with such modifications as TxDOT approves in writing, in its sole discretion), with respect to such additional Project Segment. Such bond (or Rider, as the case may be) shall be in an amount of 100% of the Project Segment Price, as applicable. Subject to Section 8.1.3, TxDOT will release any individual Performance Bond relating solely to a Project Segment or, if a Rider is provided, reduce the amount of the Performance Bond by the Project Segment Price, as applicable, (a) upon expiration of the Warranty term related to such Project Segment, provided that no outstanding claims are then pending or threatened against Integrator hereunder, or (b) upon satisfaction of the conditions in Section 8.1.3. 8.1.2 As a condition to issuance of the Initial NTP, Integrator shall provide, and continuously maintain in place for the benefit of TxDOT, a payment bond in the form of Exhibit I (a “Payment Bond”) for the Work covered by the Initial NTP. Integrator shall provide, no later than 5:00 p.m. (CDT) on the [30th] day following the date of issuance of an NTP other than the Initial NTP, a Rider to the existing Payment Bond in the form of Exhibit I-1 (with such modifications as TxDOT approves in writing, in its sole discretion), or furnish TxDOT with a separate Payment Bond (with such modifications as TxDOT approves in writing, in its sole discretion) with respect to such additional Project Segment. Such bond (or Rider, as the case may be) shall be in an amount of 100% of the relevant Project Segment Price. Subject to Section 8.1.3, TxDOT will release any individual Payment Bond relating solely to a Project Segment or, if a Rider is Provided, reduce the amount of the Payment Bond by the Project Segment Price, as applicable, (a) upon receipt of (i) evidence satisfactory to TxDOT that all Persons eligible to file a claim against the bond have been fully paid and (ii) u...
Sample 1

Related to PERFORMANCE AND PAYMENT BONDS; OTHER SECURITY; FINANCIAL INFORMATION

  • 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.

  • Performance Bond and Payment Bond The Contractor shall furnish both a performance bond and a payment bond in the exact form set forth in Section 7, (Forms) of these General Conditions.

  • Performance Reports None Specified

  • Delivery of the Notes and Payment Therefor Delivery to the Initial Purchasers of and payment for the Notes shall be made at the office of Xxxxxxx Procter LLP, at 10:00 A.M., New York City time, on the Closing Date. The place of closing for the Notes and the Closing Date may be varied by agreement between the Initial Purchasers and the Company. Payment for any Additional Notes shall be made to the Company against delivery of such Additional Notes for the respective accounts of the several Initial Purchasers at 10:00 a.m., New York City time, on the Option Closing Date. The Notes will be delivered to the Initial Purchasers, or the Trustee as custodian for The Depository Trust Company (“DTC”), against payment by or on behalf of the Initial Purchasers of the purchase price therefor by wire transfer in immediately available funds, by causing DTC to credit the Notes to the account of the Initial Purchasers at DTC. The Notes will be evidenced by one or more global securities in definitive form and will be registered in the name of Cede & Co. as nominee of DTC. The Notes to be delivered to the Initial Purchasers shall be made available to the Initial Purchasers in New York City for inspection and packaging not later than 10:00 A.M., New York City time, on the business day next preceding the Closing Date or the Option Closing Date, as the case may be.

  • Delivery of Earnings Statements to Security Holders The Company will make generally available to its security holders as soon as practicable, but not later than the first day of the fifteenth full calendar month following the Effective Date, an earnings statement (which need not be certified by independent public or independent certified public accountants unless required by the Act or the Regulations, but which shall satisfy the provisions of Rule 158(a) under Section 11(a) of the Act) covering a period of at least twelve consecutive months beginning after the Effective Date.

  • PERFORMANCE AND PAYMENT BONDS FOR INDIVIDUAL ORDERS H-GAC’s contractual requirements DO NOT include a Performance & Payment Bond (PPB); therefore, Contractor shall offer pricing that reflects this cost savings. Contractor shall remain prepared to offer a PPB to cover any order if so requested by the END USER. Contractor shall quote a price to END USER for provision of any requested PPB, and agrees to furnish the PPB within ten business (10) days of receipt of END USER's purchase order.

  • Financial Statements; Accountants’ Reports; Other Information The Guarantor shall keep and maintain at all times complete and accurate books of accounts and records in sufficient detail to correctly reflect all of the Guarantor’s financial transactions and assets. In addition, the Guarantor shall furnish, or cause to be furnished, to the Lender the following: (i) So long as Guarantor is a reporting company under the Securities and Exchange Act of 1934 (the “’34 Act”), promptly upon their becoming available, copies of (A) all 10K’s, 10Q’s, 8K’s, annual reports and proxy statements, and all replacement, substitute or similar filings or reports required to be filed after the date of this Guaranty by the SEC or other Governmental Authority exercising similar functions, and (B) all press releases and other statements made available generally by Guarantor to the public concerning material developments in the business of Guarantor. (ii) In the event Guarantor is not a reporting company under the ‘34 Act,

  • Measurement and Payment Temporary traffic control work, including, but not limited to installation and removal of portable signs, cones, drums, skinny drums, flaggers, AFAD’s, changeable message boards, truck mounted attenuators, flashing arrow boards, and pilot vehicles will be paid at the contract lump sum price for

  • Historical Performance Information To the extent agreed upon by the parties, the Sub-Advisor will provide the Trust with historical performance information on similarly managed investment companies or for other accounts to be included in the Prospectus or for any other uses permitted by applicable law.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!