Performance BondPerformance Bond • January 30th, 2023
Under the terms and conditions of said Agreement, the Supplier undertakes to furnish the Client with a surety bond (“Bürgschaft”) pursuant to Sec. 765 German Civil Code as security for the fulfilment of all obligations under and in connection with the Agreement - particularly (but not limited to) the proper ful-filment of the terms of the Agreement, including the settlement of accounts, all obligations concerning material defects (“Sachmangel”) pursuant to Sec. 434 German Civil Code or legal imperfection in title (“Rechtsmangel”) pursuant to Sec. 435 German Civil Code or any other breach of duties – and for all obligations to reimburse payments received, in each case including interest owed. This surety bond serves to secure all claims which may arise until acceptance.
Performance BondPerformance Bond • March 15th, 2012
Under the terms and conditions of said Agreement, the Supplier undertakes to furnish the Client with a surety bond (“Bürgschaft”) pursuant to Sec. 765 German Civil Code as security for the fulfilment of all obligations under and in connection with the Agreement - particularly (but not limited to) the proper ful-filment of the terms of the Agreement, including the settlement of accounts, all obligations concerning material defects (“Sachmangel”) pursuant to Sec. 434 German Civil Code or legal imperfection in title (“Rechtsmangel”) pursuant to Sec. 435 German Civil Code or any other breach of duties – and for all obligations to reimburse payments received, in each case including interest owed. This surety bond serves to secure all claims which may arise until acceptance.