Apply-A-Line LLC 6/12/2020 - Laserfiche WebLink

Contract against the earned retained funds and in the same manner and priority as set forth for retained percentages in RCW Chap. 60.28 and the Contract. 2. The Surety hereby consents to and waives notice of any extension in the time for performance of the Contract, assignment of obligations under the Contract, or Contract alteration, termination, amendment or change order. 3. Until written release of this obligation by the City, this bond may not be terminated or canceled by the Principal or Surety for any reason. Any extension of time for the Principal's performance on the Contract, assignment of obligations under the Contract, or Contract alteration, amendment or change order shall not release the Surety from its obligation under this bond. 4. RCW Chap. 60.28 authorizes the City to substitute a retainage bond in lieu of earned retained funds and the Surety hereby waives any defense that this bond is void or otherwise not authorized by law. 5. Any claim or suit against the City to foreclose the liens provided for by RCW Chap. 60.28 shall be effective against the Principal and Surety and any judgment under RCW Chap. 60.28 against the City shall be conclusive against the Principal and the Surety. 6. The laws of the State of Washington shall apply to the determination of the rights and obligations of the parties hereunder. Venue for any dispute or claim hereunder shall be the state courts of Washington in Snohomish County, Washington. SIGNED AND SEALED THIS 26th of May 200 2020 Apply-A-Line,LLC Travelers Casualty and Surety Company of America Principal Surety • ` By Typed/Printed Name: Ron Reilly Type Printed Name: Jim S. Kuich Its Assistant Vice President Attorney-in-Fact ,t.p-LINF '/n,, 4toterF.O tic 0i EALZ_ ,J 798At SHING 0/ © .A Office of the City Attorney S'r. APPROVED AS 10 FORM AT David C.Nan,City Attorney City Clerk