Performance Guarantees for Government Permit-granting Authorities |
Common terms and phrases
accept accordance action addition adequate agreement agrees allow amount applicant approval assignment Association authorized bank Beneficiary building built cash escrows certificate of occupancy Chapter City claim collect Colorado communities complete construction contract contractor cost County court cover create dedicated default deposit Design developer difficult drafted effective enforcement ensure especially estimates example expensive expiration date failed final financial guarantees financial performance guarantees funds granted improvements installed institution Irrevocable Letter issued jurisdiction land Laws less letter of credit liens limit local government lots Massachusetts ments Michigan municipalities Northampton obligation obtain party percent Percentage performance bonds permit permittee planners Planning Board practice principal problems Receiver regulations release remain responsibility Revised Statutes risk Savings Section subdivision surety bonds surety company survey Table tion typically Uniform Commercial Code usually Zoning