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Agmt06 NextG Networks
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Agmt06 NextG Networks
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Last modified
3/4/2006 8:52:22 AM
Creation date
3/4/2006 8:46:39 AM
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Template:
Agreement
Contractor Name
NextG Networks
PROJECT NAME
right of way use agreement
RMP File Number
304
Date
2/24/2006
Reso Ref
14687
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<br />[EXHIBIT B] <br /> <br />[FORM OF SURETY BOND] <br /> <br />Bond Number: <br /> <br />Surety <br /> <br />Bond <br /> <br />Know all men by these presents: <br /> <br />That <br /> <br />as Principal, and <br />, incorporated under the laws of the State of <br />, and authorized to execute bonds and undertakings as sole <br />Surety, are held and firmly bound unto , as Obligee, <br />in the sum of ; for the payment thereof, <br />well truly to be made, said Principal and Surety bind themselves, their administrators, <br />successors, and assigns, jointly and severally, firmly by these presents. <br /> <br />The condition of the foregoing obligation is such that: <br /> <br />Whereas, the above bounden Principal is about <br />agreement with the Obligee for <br /> <br />to enter into a certain <br />the following: <br />, the execution and <br />the Principal by the Obligee on <br /> <br />delivery of which said agreement was made to <br /> <br />Now, therefore, if the Principal shall well, truly, and faithfully <br />perform its duties, all the undertakings, covenants, terms, conditions, and provisions of <br />said agreement during the original term thereof and any extensions thereof which may <br />be granted by the Obligee, with or without notice to the Surety, and if it shall satisfy all <br />claims and demands incurred under such agreement and shall fully indemnify and save <br />harmless the Obligee from all costs and damages which it may suffer by reason of <br />failure to do so and shall reimburse and repay the Obligee all outlay and expenses <br />which the Obligee may incur in making good any default, then this obligation shall be <br />void; otherwise to remain in full force and effect. <br /> <br />Provided, further, that the said Surety, for value received, hereby <br />stipulates and agrees that no change, extension of time, alteration, or addition to the <br />terms of the agreement or to the work to be performed thereunder or the specifications <br />accompanying the same shall in any way affect its obligation on this bond, and it does <br /> <br />NextG Bond Form <br />page 1 ofl <br />
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