Orange County NC Website
Browse       Search
6. It is further mutually agreed between the parties hereto that if at any time after <br />the execution of this agreement and the surety bonds hereto attached for its faithful <br />performance, the Second Party shall deem the surety or sureties upon such bonds to be <br />unsatisfactory, or if, for any reason, such bonds cease to be adequate to cover the <br />performance of the work, the First Party shall, at its expense, within five (5) days after the <br />receipt of notice from the Second Party so to do, furnish an additional bond or bonds in <br />such form and amount, and with such surety or sureties as shall be satisfactory to the <br />Second Party. In such event no further payment to the First Party shall be deemed to be <br />due under this agreement until such new or additional security for the faithful performance <br />of the work shall be furnished in manner and form satisfactory to the Second Party. <br />IN WITNESS WHEREOF, the Parties hereto have executed this agreement on the <br />day and date first above written in six (6) counterparts, each of which shall without proof or <br />accounting for other counterparts, be deemed an original contract. <br />Witness: <br />ropne ors ip or a Hers ip <br />Attest: (Corporation ) <br />only) <br />ey: , <br />Title: P r~ ~~nsu~l`~1' <br />(Corp. Sec. Asst. Sec. only) <br />(CORPORATE SEAL) <br />(Owner, Partner, or Corp. Pres. or Vice Pres. <br />Title <br />Title: ~j ~ , ~,~ , <br />