Coach 2013 Annual Report Download - page 945

PAYMENT BOND
Bond No:________________________
CONTRACTOR/PRINCIPAL: SURETY:
Name: Name:
Address: Address:
OBLIGEE: CONSTRUCTION CONTRACT/PROJECT:
Name: Hudson Yards Construction LLC Name: Hudson Yards — Tower C and Terra
Address: c/o The Related Companies, Firma Address: 501 West 30th Street
L.P. 60 Columbus Circle New York, New York 10001
New York, New York 10023
BOND
Date
Amount
1. The Contractor and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors and assigns to the Obligee for the
payment of the above sum well and truly to be made.
2. The Contractor has entered into a written Construction Contract with the Obligee, which is incorporated herein by reference.
3. The condition of this Bond is such that, if the Contractor shall promptly pay all persons having just claims for (a) labor, materials, services, insurance,
supplies, machinery, equipment, rentals, fuels, oils, implements, tools and/or appliances and any other items of whatever nature, furnished for, used or
consumed in the prosecution of the work called for by said contract and any and all modifications thereof, whether lienable or nonlienable and whether or
not permanently incorporated in said work; (b) pension, welfare, vacation and/or other supplemental employee benefit contributions payable under
collective bargaining agreements with respect to persons employed upon said work; and (c) federal, state and local taxes and/or contributions required by
law to be withheld and/or paid with respect to the employment of persons upon said work, then this obligation shall be null and void; otherwise it shall
remain in full force and effect.
4. The Surety hereby waives notice of any change, including changes of time, to the Construction Contract or to related subcontracts, purchase orders and
other obligations. The Surety agrees that no change, extension of time, alteration, addition, omission or other modification of the Construction Contract,
the Contract Documents or the Work to be performed, shall in any way affect its obligation under this Bond.
5. The Contractor and the Surety agree that this Bond shall inure to the benefit of all persons supplying labor and material in the prosecution of the work
provided for in the Construction Contract, as well as to the Obligee, and that such persons may maintain independent actions upon this Bond in their
own names.