Relations Board. When a delinquent Employer commences business or undertakes a project in the area of a Local Union, the Local Union may require an Employer to post or secure a letter of credit to cover any past or potential delinquencies to Trust Funds or Administrators, or amounts owing for wages, as required by this Agreement. The maximum amount of the let- ter of credit shall be the amount the Employer would be expected to con- tribute for a four (4) month period.
Appears in 4 contracts
Samples: Demolition Agreement, Demolition Agreement, Demolition Agreement
