Performance and Payment Guaranty. 46.2.1 In lieu of a Performance and Payment Bond, the Contractor may furnish an alternate form of security, which may be in the form of cash, money order, certified check, cashier's check, or irrevocable letter of credit. Such alternate forms of security shall be for the same purpose and shall be subject to the same conditions as those applicable above and shall be held by the City for one (1) year after completion and acceptance of the Project.
Performance and Payment Guaranty. 76 SECTION 10.1. Unconditional and Irrevocable Guaranty......................................................76 SECTION 10.2. Enforcement.................................................................................77 SECTION 10.3. Obligations Absolute........................................................................77 SECTION 10.4. Waiver......................................................................................78 SECTION 10.5. Subrogation.................................................................................78 SECTION 10.6. Survival....................................................................................78 SECTION 10.7. Guarantors' Consent to Assigns..............................................................78 SECTION 10.8. Continuing Agreement........................................................................79 ARTICLE 11 MISCELLANEOUS...............................................................................79
Performance and Payment Guaranty. Guarantor hereby absolutely, unconditionally and irrevocably guarantees to IPA E-Med's full and prompt payment and full and timely performance and observance of all the terms and conditions of the Agreement and will perform E-Med's obligations under the Agreement in the event that E-Med fails to perform. Guarantor hereby covenants and agrees that if E-Med should default under the Agreement, Guarantor shall forthwith faithfully perform and fulfill all of such terms, covenants, conditions and agreements. Guarantor shall also forthwith pay to IPA all damages, costs and expenses that may arise in consequence of any default by IPA or the enforcement of this Guaranty. This Guaranty shall be a continuing guaranty and the liability of Guarantor shall in no way be affected, modified or diminished by reason of any assignment, amendment, renewal, supplement or modification of the Agreement.
Performance and Payment Guaranty. In lieu of a performance bond and payment bond, FEC may furnish an alternate form of security which may be in the form of cash, money order, certified check, cashier’s check or irrevocable letter of credit. Such alternate forms of security shall be for the same purpose and shall be subject to the same conditions as those applicable above and shall be held by County and remain in effect for one (1) year after final completion and acceptance of the work.
Performance and Payment Guaranty
