Common use of PERFORMANCE AND BID BONDS Clause in Contracts

PERFORMANCE AND BID BONDS. The Commissioner of OGS has determined that no performance, payment or Bid bond, or negotiable irrevocable letter of credit or other form of security for the faithful performance of the Contract shall be required at any time during the Contract term.

Appears in 2 contracts

Sources: Contract for the Acquisition of Microsoft Product, Contract for the Acquisition of Microsoft Product

PERFORMANCE AND BID BONDS. The In accordance with ▇▇▇▇▇▇▇▇ ▇, §▇▇ Performance/Bid Bond, the Commissioner of OGS has determined that no performance, payment or Bid bond, or negotiable irrevocable letter of credit or other form of security for the faithful performance of the Contract shall be required at any time during the Contract Initial term, or any renewal term, for this Contract.

Appears in 1 contract

Sources: Contract Agreement