Common Contracts
2 similar Payment and Indemnity Agreement contracts
Payment and Indemnity Agreement No. (SAMPLE)Payment and Indemnity Agreement • June 6th, 2017 • Texas
THIS PAYMENT AND INDEMNITY AGREEMENT (as amended and supplemented, this “Agreement”) is executed by each of the undersigned on behalf of each Principal (as defined below) for the benefit of U.S. Specialty Insurance Company (the “Surety”) in connection with any bond or bonds executed or to be executed on behalf of any Principal and to induce the Surety to execute or procure the execution of such bond(s) and any extensions, modifications, or renewals thereof, additions thereto, or substitutions therefor (the “Bonds”). The term “Principal” as defined and used herein shall mean any of the undersigned individuals or entities, as well as any and all affiliates, specifically including, without limitation, all wholly or partially owned subsidiaries, divisions or affiliates, and all partnerships, ventures or co-ventures in which any of the undersigned or any wholly or partially owned subsidiary, division or affiliate has an interest or participation, whether now existing or which may hereafter
PAYMENT AND INDEMNITY AGREEMENT No.Payment and Indemnity Agreement • April 15th, 2013 • Texas
THIS PAYMENT AND INDEMNITY AGREEMENT (as amended and supplemented, this “Agreement”) is executed by each of the undersigned on behalf of each Principal (as defined below) for the benefit of U.S. Specialty Insurance Company (the “Surety”) in connection with any bond or bonds executed or to be executed on behalf of any Principal and to induce the Surety to execute or procure the execution of such bond(s) and any extensions, modifications, or renewals thereof, additions thereto, or substitutions therefor (the “Bonds”). The term “Principal” as defined and used herein shall mean any of the undersigned individuals or entities, as well as any and all affiliates, specifically including, without limitation, all wholly or partially owned subsidiaries, divisions or affiliates, and all partnerships, ventures or co-ventures in which any of the undersigned or any wholly or partially owned subsidiary, division or affiliate has an interest or participation, whether now existing or which may hereafter
