Common use of Surety Default Clause in Contracts

Surety Default. If Surety defaults on its obligations under the Bond, City will be entitled to recover all costs it incurs due to Surety’s default, including legal, design professional, or delay costs.

Appears in 5 contracts

Samples: Public Works Contract, Public Works Contract, Public Works Contract

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Surety Default. If Surety defaults on its obligations under the Bond, City Town will be entitled to recover all costs it incurs due to Surety’s default, including legal, design professional, or delay costs.

Appears in 3 contracts

Samples: Public Works Contract, Public Works Contract, Public Works Contract

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