Examples of Construction Agent in a sentence
The Construction Agent agrees that, with respect to each such bid package, the Construction Agent shall request responsible bids in accordance with the public bidding requirements applicable to the construction of the City Improvements and the Issuer Improvements pursuant to Ohio Revised Code Section 4582.31(A)(18)(b), except as may otherwise be approved in writing by the Issuer and the City.
The Construction Agent shall require (and shall include such requirements in the contracts with those contractors) all contractors performing Work with respect to the Public Improvements to furnish, prior to commencement of construction of that Work, a surety bond which shall name the Construction Agent, the Issuer, and the City as obligees in the form provided by Ohio Revised Code Section 153.57.
The Construction Agent shall not permit a violation of any Environmental Laws to exist with respect to the Public Improvements.
The Construction Agent shall apply the insurance proceeds so advanced to pay for the cost of rebuilding, restoring, and repairing the resulting damage.
The Construction Agent shall give the Trustee, the Issuer, and the City written notice of the occurrence of any material damage to, destruction of, or casualty affecting a Phase during the Construction Period for such Phase promptly following the occurrence thereof.