Common use of Performance Bond and Payment Bond Clause in Contracts

Performance Bond and Payment Bond. 11.4.1 The Owner shall have the right to require the Contractor to furnish bonds covering faithful performance of the Contract and payment of obligations arising thereunder as stipulated in bidding requirements or specifically required in the Contract Documents on the date of execution of the Contract. 11.4.2 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Contractor shall promptly furnish a copy of the bonds or shall permit a copy to be made.

Appears in 4 contracts

Samples: Construction Contract, Construction Contract (Digex Inc/De), Construction Contract (Digex Inc/De)

AutoNDA by SimpleDocs

Performance Bond and Payment Bond. § 11.4.1 The Owner shall have the right to require the Contractor to furnish bonds covering faithful performance of the Contract and payment of obligations arising thereunder as stipulated in bidding requirements or specifically required in the Contract Documents on the date of execution of the Contract. § 11.4.2 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Contractor shall promptly furnish a copy of the bonds or shall permit authorize a copy to be madefurnished.

Appears in 4 contracts

Samples: Standard Form of Agreement Between Owner and Contractor, Standard Form of Agreement Between Owner and Contractor, Construction Contract

Performance Bond and Payment Bond. 11.4.1 11.5.1 The Owner shall have the right to require the Contractor to furnish bonds covering faithful performance of the Contract and payment of obligations arising thereunder as stipulated in bidding requirements or specifically required in the Contract Documents on the date of execution of the Contract. 11.4.2 11.5.2 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Contractor shall promptly furnish a copy of the bonds or shall permit a copy to be made.

Appears in 3 contracts

Samples: Lease Agreement (Immunicon Corp), Construction Contract (Empire Resorts Inc), Standard Form of Agreement Between Owner and Contractor (Corixa Corp)

Performance Bond and Payment Bond. 11.4.1 4.1 The Owner shall have the right to require the Contractor to furnish bonds covering faithful performance of the Contract and payment of obligations arising thereunder as stipulated in bidding requirements or specifically required in the Contract Documents on the date of execution of the Contract. 11.4.2 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Contractor shall promptly furnish a copy of the bonds or shall permit a copy to be made.

Appears in 3 contracts

Samples: Standard Form of Agreement Between Owner and Contractor, Standard Form of Agreement Between Owner and Contractor (STAMPS.COM Inc), Roof Replacement Agreement

AutoNDA by SimpleDocs

Performance Bond and Payment Bond. 11.4.1 11.5.1 The Owner shall have the right to require the Contractor Construction Manager to furnish bonds covering faithful performance of the Contract and payment of obligations arising thereunder as stipulated in bidding requirements or specifically required in the Contract Documents on the date of execution of the Contract. 11.4.2 11.5.2 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Contractor Construction Manager shall promptly furnish a copy of the bonds or shall permit a copy to be made.

Appears in 2 contracts

Samples: Agreement Between Owner and Architect (Chukchansi Economic Development Authority), Construction Manager Agreement (Chukchansi Economic Development Authority)

Performance Bond and Payment Bond. 11.4.1 § 11.5.1 The Owner shall have the right to require the Contractor to furnish bonds covering faithful performance of the Contract and payment of obligations arising thereunder as stipulated in bidding requirements or specifically required in the Contract Documents on the date of execution of the Contract. 11.4.2 § 11.5.2 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Contractor shall promptly furnish a copy of the bonds or shall permit a copy to be made.

Appears in 1 contract

Samples: Construction Contract (Sierra Pacific Resources /Nv/)

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