Common use of Payment and Performance Bonds in Favor of Contractors and Subcontractors Clause in Contracts

Payment and Performance Bonds in Favor of Contractors and Subcontractors. Attaching Party will be responsible for paying all employees, contractors, subcontractors, mechanics, materialmen, and other persons or entities performing work or providing materials in connection with Attaching Party’s performance under this Agreement. In the event any lien, claim, or demand is made on AT&T by any such employee, contractor, subcontractor, mechanic, materialman, or other person or entity providing such materials or performance of such work, AT&T may require, in addition to any security provided under Section 27.2 of this Agreement, that Attaching Party provide payment, performance bonds, letters of credit, and/or such other security as AT&T deems reasonable.

Payment and Performance Bonds in Favor of Contractors and Subcontractors. Attaching Party will shall be responsible for paying all employees, contractors, subcontractors, mechanics, materialmen, and other persons or entities performing work or providing materials in connection with Attaching Party’s performance under this AgreementAttachment. In the event any lien, claim, or demand is made on AT&T by any such employee, contractor, subcontractor, mechanic, materialman, or other person or entity providing such materials or performance of such work, AT&T may require, in addition to any security provided under Section 27.2 of this the Agreement, that Attaching Party provide payment, performance bonds, letters of credit, and/or such other security as AT&T deems may deem reasonable.