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  2. Finance Committee - Agenda - 5/6/2020 - P39

Finance Committee - Agenda - 5/6/2020 - P39

By dnadmin on Mon, 11/07/2022 - 13:31
Document Date
Fri, 05/01/2020 - 14:46
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 05/06/2020 - 00:00
Page Number
39
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__050620…

able io sureties as a defense in the jurisdiction of the suit
shall be applicable.

40, Notice to the Sursty, the Gumer or tha Contractor shell
ba mefled or defvered to tha eddress shown on the sigeralure

page.

44. When this Bond hes been fumished to comply with &
statutory or other legal requirement in the location where
the construction was to ba performed, any provision In Lhis
Bond condictng with seid statutory of legs! requirement
shall ba deemed deleted here from end provierons con-
forming to such statutory or other lagal requirement shail
be deamad i herein. The Intent ts that this
Sound shail be construsd as @ statutory bond and notes a
common law bond,

42 DEFINTIONS
42.4 Balance of ihe Contact Price: The totel amount
payable by the Owner to tha Cantracior under the

Construction Contract efter ef proper adjustments
have been mada, including allowance to the Con-

MODIFICATIONS TO THIS BOND ARE AS FOLLOWS:

frector of any emounts received or to be received by
the Ovmer in satiement of Insurance or other claims
for damages te which the Contractor is entited, reduced
by eff valid and proper made to of on

behalf of the Contractor undar the Gonsiruction Cone

12.2 Construction Contract The agreement between
the Owner and the Contractor identified on the sig-
nature page, including ell Contract Documents and
changes thereto.

412.3 Contractor Default. Failure of the Contractor,
which has neither baen remedied nor welved, to per-
form or otherwise to comply with the terms of the
Ceonstruciion Contract.

42.4 Owner Dafsuit: Failure of lhe Owner, which hes
neliher bean remedied nor waived, to pay the Con-
tractor as raquirad by the Construction Contract or to
perform and complete or comply with the other terms
theraof.

(Space is provided below for additional signaturas of added parties, olher than these appearing on the cover page.)

CONTRACTOR AS PRINCIPAL SURETY

Company: {Corporate Seal) 3 Campany: (Corporate Seal)
Signature: Signature:

Name and Title: Name and Title:

Address: Address:

AIA DOCUMENT ANZ PERFORMANE BCND AN PAYMENT BOND DECEMBER 1884 30, ALAO AV218984 3

TRE AMERICAN I{STITUTE OF ARCHITECTS, 1735 NEW TORIC AVE, HAW, WASHINOTON D.C. 22025

THIRD PRATING - RARCH 1657

Page Image
Finance Committee - Agenda - 5/6/2020 - P39

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