Common use of Agreement to Perform Clause in Contracts

Agreement to Perform. The said parties for themselves, their successors, executors, administrators, and assigns, do hereby agree to the full performance of the covenants herein contained. In order to induce ACE, to enter into an Agreement with Subcontractor for the Work for this Project and in consideration of the making of such Agreement with Subcontractor, Subcontractor hereby guarantees all of the Work to be performed by it, including all labor and materials for this Project, from the date of final written acceptance by the Owner of the entire Project for a period of One Year, or for such longer period as may be required by the Contract Documents or otherwise mutually agreed. In case any defects of material and/or workmanship shall appear during the above mentioned period, Subcontractor hereby agrees, upon receiving written notice of such defects from ACE, to immediately correct and repair the same, at its expense, in a manner satisfactory to ACE, and in case of Subcontractor’s failure to so correct and repair such defects, Subcontractor hereby agrees to pay ACE, on demand, the cost to ACE of making such corrections and repairs. Subcontractor further agrees to immediately repair, or cause to be repaired, at its expense, all damages to the buildings resulting from such defects or material or workmanship, or from the correction and repair of such defects and, in case of its failure to so repair, or cause to be repaired, such damages, Subcontractor further agrees to pay to ACE, on demand, the cost to ACE, of making such repairs.