Common Contracts

regard to these obligations, the prin- cipal and surety (jointly and severally) agree to pay liquidated damages of

January 19th, 2020

• Filed
  January 19th, 2020

principal defaults on agreements in this condition other than conditions in paragraphs (a), (g), (i), (j), (k)(2), or (l) of this section the obligors agree to pay liquidated damages equal to the value of the merchandise involved in the default, or three times the value of the merchandise involved in the de- fault if the merchandise is restricted or prohibited merchandise or alcoholic beverages, or such other amount as may be authorized by law or regula- tion.