Common use of Warranty and Maintenance Bond Clause in Contracts

Warranty and Maintenance Bond. The Developer agrees to correct all defects in materials or workmanship in the Public Improvements for a period of two years after acceptance by the City. The Developer agrees to provide a maintenance bond in favor of the City in the amount of 100% of the cost of the Public Improvements for a period of two years after acceptance by the City.

Warranty and Maintenance Bond. The Developer agrees Developers agree to correct all defects in materials or workmanship in the Public Improvements for a period of two years after acceptance by the City. The Developer agrees Developers agree to provide a maintenance bond in favor of the City in the amount of 100% of the cost of the Public Improvements for a period of two years after acceptance by the City.

Warranty and Maintenance Bond. The Developer agrees to correct all defects in materials or workmanship in the Developer Public Improvements for a period of two years after acceptance by the City. The Developer agrees to provide a maintenance bond in favor of the City in the amount of 100% of the cost of the Developer Public Improvements for a period of two years after acceptance by the City.