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We hereby demand assurances that you will duly perform your obligations under the purchase and sale agreement notwithstanding [Describe Grounds – e.g., “the ... by SC Mining — (b) A permittee may request reduction of the required performance bond amount ... corporation may guarantee the self-bond and execute the indemnity agreement.The State of Mississippi does not waive its sovereign immunities or defenses as provided by law by entering into a contract with the Contractor, Contractor ... Last Updated Oct 18, 2023. Performance bonds provide a guarantee that a contractor will fulfill all of their obligations under a construction agreement. the court first stated that “purpose of a [public employees blanket bond] is to guarantee the honesty and faithful performance of the insured's employees by ... When is contractual performance excused? We have attempted to review all U.S. cases involving force majeure disputes and similar common law defenses to ... (1) A contract for saleimposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. by B Kozolchyk · 1989 · Cited by 32 — shares with bank guarantees, the standby letter of credit is used to reas- sure the account party's performance of purely financial obligations. Thus, one ... This report reviews key design and implementation issues and considerations relating to the use of financial assurances for mitigation project success, and ... permittee shall replace the bond within 30 days of the notice or cease operations until the substitution has been made. The letter of credit (LOC)shall be ...
