Bonds – Insurance definition

Bonds – Insurance. The COMMUNITY shall require the contractor provide payment and performance bonds for the PROJECT; said bonds to be in compliance with the provisions of 1963 PA 213 as amended, compiled at MCL 129.201, et seq. Further, the COMMUNITY shall require the contractor to provide insurance naming the Road Commission for Oakland County as additional named insured’s. Coverage’s shall be substantial as set forth in Exhibit “C”, attached hereto.
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Bonds – Insurance. If bonds are required for any purpose, the cost shall be borne by the Buyer by change order. It is understood that if Builders Risk Coverage is in force for the Project, same is provided at no charge to Diamond. TAXES: Prices do not include any applicable sales, use or excise tax. Any direct or indirect taxes imposed or levied against Diamond Windows & Doors Mfg., Inc. by any Government, Federal, State, Municipal or other public authority will be added to the Contract price by change order, and the Buyer agrees to pay the same. Buyers exempt from such tax shall furnish certification of exemption in a form reasonable required by Diamond.
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Examples of Bonds – Insurance in a sentence

  • A process without a representation is difficult to perform, control, or improve.

Related to Bonds – Insurance

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Property Insurance is defined in Section 6.10(a).

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.