Performance Bond and Security Sample Clauses

Performance Bond and Security. In order to assure performance of its obligations under this Contract, including but not limited to liability for taxes under Sections E.1 and E.28 of this Contract, the Contractor shall cause sufficient security to be deposited with the Governing Board or with a surety or financial institution approved by the Governing Board within thirty (30) days after the Contractor enters into its first contract with a seller. Security shall name the Governing Board as the beneficiary or obligee who may draw on the security or make a claim on behalf of the Streamlined States. Security shall be in the manner and form prescribed by the Governing Board. Adequate security shall be in the form of: an irrevocable letter of credit issued by a financial institution acceptable to the Governing Board; certificates of deposit issued by financial institutions acceptable to the Governing Board (with a maximum of $100,000 each); surety bonds issued by an insurance and/or surety company acceptable to the Governing Board; or direct obligations of the United States of America (e.g., United States Treasury Bills, Notes and Bonds).
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
Performance Bond and Security. 7.01 To the extent required by statute or City ordinance, Developer shall provide a letter of credit, as described below, and require each of the general contractor and subcontractors for the TIF Improvements to be bonded to the extent they actually engage in construction work. Construction Contractors shall be bonded, with the City being shown as additional obligee, as required by the Construction Lender, provided that the bonds are in form, substance and amounts reasonably satisfactory to the City. Bonds required by this Section shall be issued by sureties having an AA rating or better using American Institute of Architects’ forms No. A311 or its equivalent with the City being shown as obligee or additional obligee.
Sample 1Sample 2
Performance Bond and Security. In order to assure performance of its obligations under this Contract, including but not limited to liability for taxes under Sections E.1 and E.28 of this Contract, the Contractor shall cause sufficient security to be deposited with the Governing Board or with a surety or financial institution approved by the Governing Board within thirty (30) days after the Contractor enters into its first contract with a seller. Security shall name the Governing Board as the beneficiary or obligee who may draw on the security or make a claim on behalf of the Member States, Contingent Member States and Associate Member States. Security shall be in the manner and form prescribed by the Governing Board. Adequate security shall be in the form of: an irrevocable letter of credit issued by a financial institution acceptable to the Governing Board; certificates of deposit issued by financial institutions acceptable to the Governing Board (with a maximum of $100,000 each); surety bonds issued by an insurance and/or surety company acceptable to the Governing Board; or direct obligations of the United States of America (e.g., United States Treasury Bills, Notes and Bonds).
Sample 1
Performance Bond and Security. In order to assure performance of its obligations under this Contract, including but not limited to liability for taxes under Sections E.1 and E.25 of this Contract, the Contractor shall cause sufficient security to be deposited with the Governing Board or with a surety or financial institution approved by the Governing Board within thirty (30) days after the Effective Date of this Contract. Security shall name the Governing Board as the beneficiary or obligee who may draw on the security or make a claim on behalf of the Member States and Associate Member States. Security shall be in the manner and form prescribed by the Governing Board. Adequate security shall be in the form of: an irrevocable letter of credit issued by a financial institution acceptable to the Governing Board; certificates of deposit issued by financial institutions acceptable to the Governing Board (with a maximum of $100,000 each); surety bonds issued by an insurance and/or surety company acceptable to the Governing Board; or direct obligations of the United States of America (e.g. United States Treasury Bills, Notes and Bonds).
Sample 1
Performance Bond and Security. To secure the faithful performance of its rent and other obligations hereunder, LESSEE shall provide the GOVERNMENT with a security deposit in the fixed amount of $ renewable semi-annually in the form of Standby Letter of Credit satisfactory to the GOVERNMENT in all respects. If the GOVERNMENT shall at any time determine that the increase in the amount of security is necessary to make same commensurate with LESSEE's obligations hereunder, LESSEE shall furnish such additional security promptly upon request. If the GOVERNMENT is required at any time to use the LESSEE's Standby Letter of Credit to secure the performance of work or provide for payment on work completed under the Long Term Maintenance program, this will be considered material breach of the Lease and grounds for termination. LESSEE shall not take possession of the Leased Property until an acceptable security instrument is received by the Contracting Officer.
Sample 1

Related to Performance Bond and Security

  • Performance Bond Unless otherwise prohibited by law, the Department may require the Contractor to furnish, without additional cost to the Department, a performance bond or irrevocable letter of credit or other form of security for the satisfactory performance of work hereunder. The Department shall determine the type and amount of security.

  • Performance/Bid Bond and Letter Of Credit There are no bonds required for the Contract resulting from this Solicitation. In accordance with Appendix B, section 45, Performance/Bid Bond, the Commissioner of OGS has determined that no performance, payment or Bid bond, or negotiable irrevocable letter of credit or other form of security for the faithful performance of the Contract shall be required at any time during the initial term, or any renewal term, for the resulting Contract and Authorized User Agreements.

  • Performance Bonds Buyer shall have obtained, or caused to be obtained, in the name of Buyer, replacements for Seller’s and/or Seller’s Affiliates’ bonds, letters of credit and guarantees, and such other bonds, letters of credit and guarantees to the extent required by Section 7.05.

  • 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.

  • Password and Security If you are issued or create any password or other credentials to access the Service or the portion of the Site through which the Service is offered, you agree not to give or make available your password or credentials to any unauthorized individuals, and you agree to be responsible for all actions taken by anyone to whom you have provided such credentials. If you believe that your credentials have been lost or stolen or that someone may attempt to use them to access the Site or Service without your consent, you must inform us at once at the telephone number provided in Section 6 of the General Terms above. See also Section 16 of the General Terms above regarding how the timeliness of your notice impacts your liability for unauthorized transfers.

  • Safety and Security Contractor is responsible for maintaining safety in the performance of this Contract. Contractor shall be responsible for complying with the District’s rules and regulations pertaining to safety, security, and driving on school grounds, particularly when children are present.

  • Delivery and Security All Zee Group Channels must be delivered by the DTH Operator to subscribers in a securely encrypted manner and without any alteration. The transmission specifications and infrastructure allocated by DTH Operator in respect of the broadcast signals of the Zee Group Channels by DTH Operator to its Subscribers shall be no worse than that of the signal of any other channel within the same genre on its DTH Platform. ZEEL shall provide requisite number of Integrated Receivers and Decoders (IRDs) subject to payment of stipulated interest free security deposit per IRD as per the conditions laid down in the TRAI Regulations. Further, the DTH Operator shall confirm the details of Integrated Receiver Decoder (IRD’s) in respect of all such channels availed from ZEEL in the format provided in ANNEXURE XI. The Parties acknowledge and agree that in the event the DTH Operator intends to make any changes to the Addressable System’s security and encryption technology, including the encryption system (other than standard software upgrades which are deemed not to be material changes), during the Term, the DTH Operator shall intimate the same to ZEEL by submitting Form for Change in Addressable Systems which is made available on ZEEL’s Website.

  • Access and Security Customer shall employ all physical, administrative and technical controls, screening and security procedures and other safeguards necessary to: (a) securely administer the distribution and use of all Access Credentials and protect against any unauthorized access to or use of the Hosted Services; and (b) control the content and use of Customer Data, including the uploading or other provision of Customer Data for Processing by the Hosted Services.

  • Privacy and Security (a) The Service Provider shall not transmit or store any AHS data outside the borders of Canada, nor transmit any AHS data in Canada to any party not specifically contemplated in this Agreement, without AHS’s prior written consent to each such data transmittal, which consent may be arbitrarily and unreasonably withheld.

  • Performance Security If our Tender is accepted, we commit to obtain a performance security in accordance with the Tendering document;

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