Agmt01 Green Valley Corp - Laserfiche WebLink

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EXHIBIT "D" BOND NO.: 103323383 PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: That we, GREEN VALLEY CORPORATION dba BARRY SWENSON BUILDER as Principal, and, TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA organized and existing under the laws of the State of Connecticut .... and authorized to execute bonds and undertaking as sole surety, as Surety, are held and firmly bound unto any and all persons named in California Civil Code Section 3181 whose claim has not been paid by the Contractor, company or corporation in t~e aggregate total of six Hundred Thousand Dollars ($ 6oo,0oo.o0 ) (being 100% of the Contract amount) for the i~ayment whereof, well and truly to be made, said Principal and Surety bond themselves, their heirs, administrators, successors, anti ass[gna, jointly and severally, firmly by these presents. THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the above with the City of Redwood City ("City") to do the following work, to-wit: Twin Dolphin Bridge NOW, THEREFORE, if the above-bounden Principal or his subcontractors fail to pay any of the persons named in Section 3181 of the Civil Code of the State of California, or amounts due under lhe Unemployment Insurance Code with respect to wor~, or labor pe.rformed under the Contract, or for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the Contractor and his subcontractor pursuant to Sec'don 13020 of the Unemployment Insurance Code of tl~e State of California, with respect to such work and labor, the surety will pay for the same, in the amount not exceeding the sum specified in this bond, and also, in case suit is brought upon this bond, a reasonable afforney's fee, to ~3e fixed by the Court. This bond shall inure !o the benefit of any person named in Section 3181 of the Civil Code of the State of California so as to give a right of action to them or their assignees in suit brought upon this bond. This bond is executed and filed to comply with the provisions of the act of the Legislature of the State of California as designated in Civil Code Sections 3247-3252, inclusive, anti all amendments thereto. And the said Surety, for value received, hereby stipulates and agrees to waive the previsions of California Civil Code Section 2819 regarding consent to change, extension of time alteration, or addition to the terms of the Cnntract, or to the work to be performed thereunder, or the Specifications accompanying the same, shall in any way affect its obligations on this bond; and it does hereby waive notice of any such change, extension D-!