Common use of Warranty Bond Clause in Contracts

Warranty Bond. Developer shall provide or require its construction contractor to provide City with a bond, LOC, cash, or other acceptable security guaranteeing the Plaza Project during the warranty period in favor of City (Warranty Bond). Developer shall provide the Warranty Bond to City upon release of the Performance Bond or commencement of the warranty periods, whichever occurs first.

Warranty Bond. Developer shall provide or require its construction contractor to provide City with a bond, letter of credit (LOC), cash, cash or other acceptable security guaranteeing the Plaza Project during the warranty period in favor of City (Warranty Bond). Developer shall provide the Warranty Bond to City upon release of the any applicable Performance Bond or commencement of the warranty periods, whichever occurs first.

Warranty Bond. Developer shall provide or require its construction contractor to provide City with a bond, LOC, cash, cash or other acceptable security guaranteeing the Plaza Project during the warranty period in favor of City (Warranty Bond). Developer shall provide the Warranty Bond to City upon release of the Performance Bond or commencement of the warranty periods, whichever occurs first.