Warranty Period Security Sample Clauses

Warranty Period Security. ‌ (a) Project Co shall either:‌ (i) on or before the Substantial Completion Date, deliver, or cause to be delivered, to Contracting Authority, the Warranty Period Letter of Credit; or (ii) no later than five Business Days prior to the Substantial Completion Date, provide written Notice to Contracting Authority of Project Co’s intention to not deliver the Warranty Period Letter of Credit, in which case Contracting Authority shall with hold the Warranty Period Cash Amount in accordance with Section 11.17(c).‌ (b) The Warranty Period Letter of Credit shall be in an amount equal to [REDACTED] ($[REDACTED]) (the “Required Amount”). (c) Notwithstanding Section 4.3(a), if:‌ (i) the Warranty Period Letter of Credit has not been delivered to Contracting Authority by the Substantial Completion Payment Date, or (ii) Project Co provides written Notice to Contracting Authority pursuant to Section 11.17(a)(ii) that it elects not to deliver the Warranty Period Letter of Credit, then Contracting Authority may withhold from the Substantial Completion Payment a holdback amount equal to the Required Amount (the “Warranty Period Cash Amount”). (d) The Warranty Period Cash Amount may be withheld by Contracting Authority until the Warranty Period Security Return Date, and upon the Warranty Period Security Return Date, the remaining amount of the Warranty Period Cash Amount shall be paid by Contracting Authority to Project Co. (e) The withholding of the Warranty Period Cash Amount in accordance with Section 11.17(c) shall be Contracting Authority’s sole remedy for failure on the part of Project Co to deliver a Warranty Period Letter of Credit in the Required Amount by the Substantial Completion Payment Date and, for greater certainty, Contracting Authority shall not be entitled to withhold payment of the balance of the Substantial Completion Payment as a result of any such failure on the part of Project Co to deliver a Warranty Period Letter of Credit in the Required Amount. (f) Contracting Authority shall be entitled to draw on the Warranty Period Security:‌ (i) in an amount equal to the amount of the costs estimated by the Independent Certifier for Contracting Authority to rectify defects, deficiencies or non- compliant items in the Work, together with all other damages suffered by Contracting Authority, including any costs incurred by Contracting Authority in accordance with Sections 11.15 and 11.16 as a result of Project Co’s failure to comply with its obligations under Sect...
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Warranty Period Security. The Company shall have provided the City with the Security Instruments set forth in Section 9.10;
Sample 1

Related to Warranty Period Security

  • Warranty Period Except as may be otherwise specified or agreed, Contractor shall repair all defects in materials, equipment, or workmanship appearing within one year from the date of Substantial Completion of the Work. If Substantial Completion occurs by phase, then the warranty period for that the Work performed for each phase begins on the date of Substantial Completion of that phase, or as otherwise stipulated on the Certificate of Substantial Completion for the particular phase.

  • Basic Equipment Warranty The Contractor warrants that all equipment rented or supplied under this Agreement shall be in good working order and shall conform to the needs specified by the Judicial Council. The Contractor shall immediately replace any inoperative equipment with operative equipment, or make all adjustments, repairs, and parts replacements required to maintain the equipment rented or supplied hereunder in working condition.

  • Password Security You are responsible for maintaining adequate security and control of any and all User IDs, Passwords, hints, personal identification numbers (PINs), or any other codes that you use to access the Account. Do not discuss, compare, or share information about your account number or password unless you are willing to give them full use of your money. Any loss or compromise of the foregoing information and/or your personal information may result in unauthorized access to your Account by third-parties and the loss or theft of any funds held in your Account and any associated accounts, including your Account. Checks and electronic withdrawals are processed by automated methods, and anyone who obtains your account number or access device could use it to withdraw money from your account, with or without your permission. You are responsible for keeping your email address and telephone number up to date in order to receive any notices or alerts that we may send you. We assume no responsibility for any loss that you may sustain due to compromise of your account login credentials due to no fault of ours and/or your failure to follow or act on any notices or alerts that we may send to you. If you believe your Account information has been compromised, or that someone has transferred or may transfer money from your account without your permission, contact us immediately, through Synapse, at xxxx@xxxxxxxxx.xxx or call at +0(000) 000-0000. You agree to promptly review all Account and transaction records and other Communications that we make available to you and to promptly report any discrepancy to us.

  • Minimum Condition and Warranty Requirements for TIPS Sales All goods quoted or sold through a TIPS Sale shall be new unless clearly stated otherwise in writing. All new goods and services shall include the applicable manufacturers minimum standard warranty unless otherwise agreed to in the Supplemental Agreement.

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