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Nonpayment of the bond premium will not invalidate this bond nor shall OSU be obligated for the payment of any premiums. OREGON STATE UNIVERSITY PAYMENT BOND Bond No. Solicitation Project Name Surety 1 If using multiple sureties Bond Amount No. 1 Total Penal Sum of Bond Surety ies authorized to transact surety business in Oregon as Surety hereby jointly and severally bind ourselves our respective heirs executors administrators successors and assigns firmly by these presents to pay unto Oregon...
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What is surety 1?
Surety 1 is a form of security bond that guarantees the fulfillment of a contract or obligation.
Who is required to file surety 1?
Certain contractors or businesses may be required to file surety 1 as a condition of participating in a project or contract.
How to fill out surety 1?
Surety 1 can be filled out by providing detailed information about the project or contract, the amount of the bond, and other relevant details.
What is the purpose of surety 1?
The purpose of surety 1 is to ensure that a contractor or business will fulfill their contractual obligations and meet their financial responsibilities.
What information must be reported on surety 1?
Information such as the project or contract details, bond amount, contractor information, and other relevant details must be reported on surety 1.
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