Laserfiche WebLink
<br />Sand Nos. <br /> <br />PERFORMANCE BOND <br /> <br />KNOW ALL MEN BY THESE PRESENTS, That we, OPERATIONS MANAGEMENT INTERNATIONAL. INC. (hereinafter <br />c; he Principal). as Principal. and FIDELITY AND DEPOSIT COMPANY OF MARYLAND . a corporation duly organized under <br />th 'S of the State of Maryland. and FEDERAL INSURANCE COMPANY , a corporation duly organized under the laws of the State of <br />lr " (hereinafter called the Suretylles), as Surety, are held and firmly hound unto <br />_, (hereinafter called the Obligee). as Obligee, tor the use and benefit of claimants as herein <br />below defined, in the amount of /100 Dollars--- <br />($ ). for the payment whereof Principal and Sureties bind themselves. their heirs, executors. administrators, successors and <br />assigns, jointly and severally, firmly by these presents. <br /> <br />WHEREAS, the principal entered into a certai;] Contract with the Obligee, dated <br /> <br />,20 <br /> <br />, for <br /> <br />In accordance with the terms and conditions of said Contract, which is hereby referred to and made a part hereof as If fully set forth herein, <br /> <br />NOW, THEREFOR::, THE CONDITION OF THIS OBLIGATION IS SUCH. that if the above bounden Principal shall well and truly Keep. do and perform <br />each and every, all and singular. the matters and things In said Contract set forth and specified to be by said Principal kept. done and performed, at the <br />~mes and In the manner In said Contract specified. or shall pay over, make good and reimburse to the above named Obligee. all loss and damage Which <br />said Obligee may sustain by reaSon of faiiure or default on the part of said Principal so to do, then this obligation shall be null and voie; otherwise shal <br />,emain in full force and effect. subject, however, to the following conditions: <br /> <br />1) No right of action shall accrue on this bond to or for the use of any person or corporation other than the Obligee named herein or the heirs, <br />e"ecutors, administrators or successors of the Obligee, <br /> <br />2) Not withstanding anything contained in the contract to the contrary, the liability of the Principal and Surety under this bond Is limited to the <br />performance of the contract for the term ,20_ to __. , 20_, The dates covered by this <br />bond may be e1<lended for annual periods, all such extensions to be evidenced by a continuation certificate or new bond, duly executed by an <br />aut.'1orized representative of the Surety and Principal. However, In no event will the Surety be held liable under this bond for its failure to provide <br />e"tension certificates and/or additional bonds for any subsequent period. <br /> <br />3) The liability of the Surety shall not be cumulative from year to year. regardless of the original term of the contract. or number of extensions thereto. <br /> <br />'he Iiabiiity of the Surety shall not exceed the penal sum above stated. <br /> <br />E . j with our seals and dated this <br /> <br />day of <br /> <br />,20 <br /> <br />OPERATIONS MANAGEMENT INTERNATIONAL, INC. <br /> <br />(Principal) <br /> <br />By: <br /> <br />FIDELITY AND DEPOSIT COMPANY OF MARYLAND <br /> <br />(Surety) <br /> <br />3y: <br /> <br />Attorney-in-Fact <br /> <br />FEDERAL INSURANCE COMPANY <br /> <br />(Surety) <br /> <br />By: <br /> <br />Attorney-In-Fact <br />