| 21. | The clubs put up performance bonds for the race by the Saturday deadline, the America's Cup Challenge Association said Sunday.
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| 22. | A performance bond had to be submitted which the municipality could draw if the company failed to pay the fines.
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| 23. | If the parties agree to require bonding, additional forms such as the performance bond contract AIA Document 311 provide common terms.
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| 24. | An injunction and / or performance bond ensures that there is something to seize in the event of a guilty verdict.
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| 25. | On that date, each challenging syndicate is required to post a $ 250, 000 performance bond with New Zealand's race organizers.
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| 26. | In many cases, an outside insurer will issue a performance bond to guarantee timely completion of the project by the contractor.
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| 27. | Romer said perhaps all the extra insurance on the mitigation system might be unnecessary if the contractor provides a performance bond.
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| 28. | But if the borrower pays up to 100 percent of the performance bond, the borrower carries the bulk of the risk.
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| 29. | CVG completed the challenge process on Thursday, fulfilling a number of formalities and posting a performance bond, as required by each challenger.
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| 30. | A performance bond is essentially an instrument given by a bank to a borrower who is taking on a potentially risky project.
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