Common use of PERFORMANCE AND BID BONDS Clause in Contracts

PERFORMANCE AND BID BONDS. ‌ There are no bonds for this Contract. However, an Authorized User may require in an RFQ a performance bond, payment bond, Bid bond, negotiable irrevocable letter of credit, or other form of security for the faithful performance for the resulting Authorized User Agreement.

PERFORMANCE AND BID BONDS. ‌ There are no bonds for this Contract. However, an Authorized User may require in an RFQ a performance bondperformance, payment bond, or Bid bond, or negotiable irrevocable letter of credit, credit or other form of security for the faithful performance for the resulting resultant Authorized User Agreement.