Examples of Bond in a sentence
The undersigned certifies that it possesses a Nevada Certificate of Authority as an acceptable surety on federal bonds as identified in the Department of Treasury Circular 570, 2023 Revision) and, if an award is made, hereby commits to issue a Performance Bond in the requisite amount for [Subgrantee/Contractor/Principal] for 100% of the award amount, naming the Nevada Governor’s Office of Science, Innovation and Technology (“OSIT”) as the Obligee.
Xxxxxxxx, Director By: Name: Title: Date of Issuance: Amount of Bond: OBLIGEE/BENEFICIARY State of Nevada Governor’s Office of Science, Innovation & Technology 000 X.
At no time may the sum of the outstanding Job Orders exceed the amount of the Payment Bond and Performance Bond.
The undersigned further acknowledges the Performance Bond requirements may be modified under certain permissible events, such as where OSIT issues funding on a reimbursable basis and the Subgrantee/Principal meets deployment milestones or, where OSIT issues funding on a reimbursable basis consistent with the BEAD NOFO (Section IV.C.1.b) and reimbursement is for periods of no more than six months each.
The Employer agrees to provide Local Union No. 27 with the Surety Company Bond or cash bond for the amount specified in the schedule below to be held for payment of any wages and/or as specified any funds deducted from wages or Employer contribution funds as provided for under the terms of this Collective Bargaining Agreement for which the Employer becomes delinquent or in default of.