Provision of Bonds. DB Contractor shall provide payment, performance, retainage and warranty bonds to TxDOT securing DB Contractor’s obligations hereunder, and shall maintain such bonds in full force and effect as described below.
Provision of Bonds. Developer shall provide payment, performance, retainage and warranty bonds to TxDOT securing Developer’s obligations hereunder, and shall maintain such bonds in full force and effect as described below.
Provision of Bonds. DBT shall provide to KYTC Performance and Payment Bonds in accordance with KYTC Standard Specifications 103.05.
Provision of Bonds. (a) (O&M Bond): Each Franchisee must provide the State with one or more bonds as required under clause 11.7.
Provision of Bonds. Failure on the part of the Contractor to furnish such bonds, or other proof of bond coverage acceptable to the Lottery within ten (10) days of commencement of the term, or to maintain the bonds in full force and effect during the term of the Agreement and any extension or renewal thereof, shall be a material breach of the Agreement and shall be considered cause for the Lottery to declare the Contractor in default under this Agreement. The Lottery’s receipt of such bonds or other proof of coverage does not constitute approval of the bonds’ coverage nor do the bonds relieve the Contractor from the faithful and honest performance of the Agreement or relieve the Contractor of any losses greater than the bond amount.
Provision of Bonds. Prior to execution of this Agreement, Fabricator has provided payment and performance bonds to TxDOT securing Fabricator’s obligations hereunder, each in an amount equal to $1,000,000, and Fabricator shall maintain such bonds in full force and effect as described below, subject to replacement by a Warranty Bond as provided below.
