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" Principal for labor or materials, then this obligation shall be null and void; otherwise it shall remain in full force and effect. "
Gordon's Annotated Forms of Agreement - Page 738
by Saul Gordon - 1923 - 919 pages
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The Most Important Questions a Surety Can Ask about the Surety's ...

Donald G. Gavin, Robert M. Wright - Business & Economics - 1997 - 154 pages
...and faithfully perform the work required to be performed under the Contract ("Contract Work") then this obligation shall be null and void; otherwise it shall remain in full force and effect until the date of release and discharge. Notwithstanding any language to the contrary contained in...
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The Law of Performance Bonds

Lawrence R. Moelmann - Business & Economics - 1999 - 370 pages
...OBLIGATION is such that, if the Contractor shall promptly and faithfully perform said Contract, then this obligation shall be null and void; otherwise it shall remain in full force and effect.45 In contrast, the A3 12 bond provides more detailed provisions for the default procedure...
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The Law of Suretyship

Edward Graham Gallagher - Business & Economics - 2000 - 572 pages
...covenants, conditions and agreements in the foregoing contract on his part to be kept and performed, then this obligation shall be null and void; otherwise it shall remain in fiali force and effect. 1 . RESTATEMENT THIRD, SURETYSHIP AND GUARANTY §1(1 996); Ca. Civ. Code §...
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The Law of Miscellaneous and Commercial Surety Bonds

Todd C. Kazlow, Bruce C. King - Business & Economics - 2001 - 376 pages
...imposed by 26 USC 5041) which have been computed when the wine was withdrawn from insular bond, then this obligation shall be null and void; otherwise it shall remain in full force and effect. We, the obligors, for ourselves, our heirs, executors, administrators, successors, and assigns, do...
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Legal Aspects of Engineering

Cynthia M. Gayton, Richard C. Vaughn - Law - 2004 - 580 pages
...OBLIGATION is such that, if Contractor [Broadmoor] shall promptly and faithfully perform said Contract, then this obligation shall be null and void; otherwise it shall remain in full force and effect. In January of 1994, before the project was substantially completed, Broadmoor notified Ochsner of cracking...
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Practical Guide to Construction Contract Surety Claims

William Schwartzkopf, Richard Tasker - Law - 2005 - 1006 pages
...repay Obligees all outlay and expense which Obligees may incur in making good any such default, then this obligation shall be null and void; otherwise it shall remain in full force and effect. Based upon this provision, the lower court granted the surety's motion for summary judgment. The appellate...
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Understanding the New FIDIC Red Book: A Clause-by-clause Commentary

Jeremy Glover, Christopher Thomas, Simon Hughes - Law - 2006 - 486 pages
...Contractor shall promptly and faithfully perform the said Contract (including any amendments thereto), then this obligation shall be null and void; otherwise, it shall remain in full force and effect. Whenever the Contractor shall be, and declared by the Employer to be, in default under the Contract,...
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