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

PERFORMANCE AND PAYMENT BONDS; OTHER SECURITY; FINANCIAL INFORMATION. 36 8.1 Provision of Bonds 36 8.2 Letter of Credit 38 8.3 No Relief of Liability 40 8.4 Periodic Updated Financial Information 40 SECTION 9. INSURANCE 42 9.1 Integrator Provided Insurance 42 9.2 General Insurance Requirements 44 9.3 Prosecution of Claims 47 9.4 Commencement of Work 47 9.5 TxDOT’s Right to Remedy Breach by Integrator 47 9.6 Disclaimer 48
Sample 1
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PERFORMANCE AND PAYMENT BONDS; OTHER SECURITY; FINANCIAL INFORMATION. 8.1 Provision of Bonds Integrator shall provide payment, performance and warranty bonds to TxDOT securing Integrator’s obligations hereunder, each in an amount set forth herein, and shall maintain such bonds in full force and effect as described below.
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

  • 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.

  • Billing, Payment, Milestones, and Financial Security 6.1 Billing and Payment Procedures and Final Accounting

  • 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

  • PROJECT MILESTONES, REPORTING AND PAYMENTS 15. The milestones for the projects, their relationship to the outputs, expected completion dates, relevant reporting dates and expected payments to be made are set out in bilateral schedules to this Agreement. The Commonwealth will make payments subject to the performance reports demonstrating the relevant milestone has been met.

  • HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large)

  • Performance Monitoring A. Performance Monitoring of Subrecipient by County, State of California and/or HUD shall consist of requested and/or required written reporting, as well as onsite monitoring by County, State of California or HUD representatives.

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