SUBCONTRACT BOND Sample Clauses

SUBCONTRACT BOND. If a Performance and Payment Bond is not required of the Subcontractor, then within the duration of this Subcontract Agreement, the Contractor may require such bonds before work is started and the Subcontractor shall provide the same. Said bonds shall be in the full amount of this Subcontract Agreement in a form and by a surety satisfactory to the Contractor. The Subcontractor shall be reimbursed without retainage for cost of same simultaneously with the first progress payment hereunder. The reimbursement amount for the bonds shall not exceed the manual rate for such subcontractor work. In the event the Subcontractor shall fail to promptly provide such requested bonds, the Contractor may terminate this Subcontract Agreement and re-let the work to another subcontractor and all Contractor costs and expenses incurred thereby shall be paid by the Subcontractor.
Sample 1
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SUBCONTRACT BOND. If a Performance or Payment Bond is not required of the Subcontractor under Article 16. then within the duration of this Agreement, the Contractor may require such bonds before work is started and the Subcontractor shall provide the same. Said bonds shall be in the full amount of this Agreement in a form and by a surety satisfactory to the Contractor. The Subcontractor shall be reimbursed for cost for same when such cost is paid by the Owner. In the event the Subcontractor shall fail to provide promptly such requested bones. the Contractor may terminate this Agreement i5 accordance with Paragraph 10.1 of this Agreement.
Sample 1
SUBCONTRACT BOND. If a Performance and Payment Bond is not expressly required of the Subcontractor under Article 13, then within the duration of this Agreement, the Contractor may nevertheless still require such bonds and the Subcontractor shall provide same. Said bonds shall be in the full amount of this Agreement in a form and by a surety satisfactory to the Contractor. The Subcontractor shall be reimbursed for actual cost of same. The reimbursement amount for the bonds shall not exceed the manual rate for such subcontract work. In the event the subcontractor shall fail to promptly provide such requested bonds, the Contractor may terminate this Agreement and re-let the work to another Subcontractor and all Contractor costs and expenses incurred thereby shall be paid by the Subcontractor.
Sample 1
SUBCONTRACT BOND. Even if a Performance and Payment Bond is not required of the Subcontractor per the Cover Schedule and/or Article 16, the General Contractor may nonetheless require such bonds and the Subcontractor shall provide it. Said bonds shall be in the full amount of this Agreement in a form and by a surety satisfactory to the General Contractor. The Subcontractor shall be reimbursed, without retainage, for the cost of the bonds, without markup, simultaneously with the first progress payment hereunder. The reimbursement amount for the bonds shall not exceed the manual rate for such Subcontractor Work. Retainage reduction provisions of Article 5.2.2 shall not apply when bonds are furnished under the terms of this Article. In the event the Subcontractor shall fail to promptly provide such requested bonds, the General Contractor may terminate this Agreement and re-let the Work to another Subcontractor and all of the General Contractor's and Owner's costs and expenses incurred thereby shall be paid by the Subcontractor. SAMPLE
Sample 1

Related to SUBCONTRACT BOND

  • Subcontractor Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly understood by participants in the mortgage-backed securities market) of Mortgage Loans but performs one or more discrete functions identified in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of the Servicer or a Subservicer.

  • Subcontract The Distributor may, at its expense and with the approval of the Trustees, appoint another firm or company as its sub-distributor or agent. The Distributor shall not, however, be relieved of any of its obligations under this Agreement by the appointment of such sub-distributor or agent.

  • Subcontracts The contractor or subcontractor shall insert in any subcontracts the clauses set forth in paragraph (1.) through (4.) of this section and also a clause requiring the subcontractors to include these clauses in any lower tier subcontracts. The prime contractor shall be responsible for compliance by any subcontractor or lower tier subcontractor with the clauses set forth in paragraphs (1.) through (4.) of this section.

  • Subcontracting 6.1 The Grantee is responsible for the performance of its obligations under this Agreement, including in relation to any tasks undertaken by subcontractors.

  • Assignment; Subcontracting (a) Except as expressly provided in Section 12(b) below, this Agreement shall not be assignable or delegable, whether by merger, operation of law or otherwise, by any Fund without the written consent of BNY Mellon, or by BNY Mellon without the written consent of the affected Fund, in each case which consent may not be unreasonably withheld. This Agreement shall extend to and shall be binding upon the Parties hereto, and their permitted successors and assigns.

  • General Contractor A building, construction, or contracting firm with whom Borrower has contracted or may in the future contract with for the construction of the Improvements pursuant to a certain construction contract between them (the "Construction Contract").

  • Subcontractors The Contractor will not subcontract any work under the Contract without prior written consent of the Department. The Contractor is fully responsible for satisfactory completion of all its subcontracted work. The Department supports diversity in its procurements and contracts, and requests that the Contractor offer subcontracting opportunities to certified woman-, veteran-, and minority-owned small businesses. The Contractor may contact the OSD at xxxxxxx@xxx.xxxxxxxxx.xxx for information on certified small business enterprises available for subcontracting opportunities.

  • Contractor If COUNTY elects to renegotiate this Agreement due to reduced or terminated 20 funding, CONTRACTOR shall not be obligated to accept the renegotiated terms.

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