a Surety Bond Sample Clauses

a Surety Bond. The Cash Deposit, Letter of Credit or Surety Bond must be the greater of an amount up to three (3) months anticipated charges (including, but not limited to, recurring, non-recurring and usage sensitive charges, termination charges and advance payments), a minimum of $10,000 per legal entity, per state as submitted on the credit application or as reasonably determined by AT&T-21STATE, for the Interconnection product and/or services, and Collocation or any other functions, facilities, products and/or services to be furnished by AT&T-21STATE under this Agreement. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if WSP has received service from AT&T-21STATE during such period at a level comparable to that anticipated to occur over the next six (6) months. If either WSP or AT&T-21STATE has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, WSP and AT&T-21STATE shall agree on a level of estimated xxxxxxxx based on all relevant information.
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a Surety Bond. The Cash Deposit, Letter of Credit or Surety Bond must be in an amount equal to three (3) months anticipated charges (including, but not limited to, recurring, non-recurring and usage sensitive charges, termination charges and advance payments), as reasonably determined byAT&T-22STATE, for the Interconnection services, and Collocation or any other functions, Facilities, and/or services to be furnished by AT&T-22STATE under this Agreement. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months’ current xxxxxxxx, if Xxxxxxx has received service from AT&T-22STATE during such period at a level comparable to that anticipated to occur over the next six (6) months. If either Carrier or AT&T-22STATE has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, Carrier andAT&T-22STATE shall agree on a level of estimated xxxxxxxx based on all relevant information.
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a Surety Bond. 9.5 The Cash Deposit Letter of Credit or Surety Bond must be in an amount up to three (3) months anticipated charges (including, but not limited to, recurring, non-recurring and usage sensitive charges, termination charges and advance payments), as reasonably determined by AT&T ILLINOIS, for the Interconnection product and/or services, and Collocation or any other functions, facilities, products and/or services to be furnished by AT&T ILLINOIS under this Agreement. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if Sprint has received service from AT&T ILLINOIS during such period at a level comparable to that anticipated to occur over the next six (6) months. If either Sprint or AT&T ILLINOIS has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, Sprint and AT&T ILLINOIS shall agree on a level of estimated xxxxxxxx based on all relevant information. 9.6 To the extent that AT&T ILLINOIS elects to require a Cash Deposit, the Parties intend that the provision of such Cash Deposit shall constitute the grant of a security interest in the Cash Deposit pursuant
Sample 1
a Surety Bond. The Cash Deposit, Letter of Credit or Surety Bond must be in an amount up to three (3) months anticipated charges (including, but not limited to, recurring, non-recurring and usage sensitive charges, termination charges and advance payments), as reasonably determined by AT&T-21STATE, for the Interconnection Services, 251(c)(3) UNEs, Collocation or any other functions, facilities, products or services to be furnished by AT&T-21STATE under this Agreement. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if CLEC has received service from AT&T-21STATE during such period at a level comparable to that anticipated to occur over the next six (6) months. If either CLEC or AT&T-21STATE has reason to believe that the level of service to be received during the next six
Sample 1

Related to a Surety Bond

  • Surety Bond (a) If a Required Surety Payment is payable pursuant to the Surety Bond with respect to any Additional Collateral Loan, the Master Servicer shall so notify the Trustee as soon as reasonably practicable and the Trustee shall promptly complete the notice in the form of Attachment 1 to the Surety Bond and shall promptly submit such notice to the Surety as a claim for a Required Surety. The Master Servicer shall upon request assist the Trustee in completing such notice and shall provide any information requested by the Trustee in connection therewith. (b) Upon receipt of a Required Surety Payment from the Surety on behalf of the Holders of Certificates, the Trustee shall deposit such Required Surety Payment in the Certificate Account and shall distribute such Required Surety Payment, or the proceeds thereof, in accordance with the provisions of Section 4.02. (c) The Trustee shall (i) receive as attorney-in-fact of each Holder of a Certificate any Required Surety Payment from the Surety and (ii) disburse the same to the Holders of such Certificates as set forth in Section 4.02.

  • R&W Insurance Policy Purchaser shall use its reasonable best efforts to bind the R&W Insurance Policy at or prior to the Closing. Purchaser shall use reasonable best efforts to take all actions necessary to complete the applicable conditions in the conditional binder (other than the condition that the Closing has occurred, to which this sentence does not apply) to the R&W Insurance Policy within the times set forth therein to maintain the R&W Insurance Policy in full force and effect. Following the final issuance of the R&W Insurance Policy, Purchaser agrees to use reasonable best efforts to keep the R&W Insurance Policy in full force and effect for the policy period set forth therein. Purchaser shall provide a copy of the R&W Insurance Policy to Seller upon request. Purchaser agrees that the R&W Insurance Policy shall expressly exclude any right of subrogation against Seller and its Affiliates and their respective officers, directors and employees (except in the case of Fraud), and neither Purchaser nor its Affiliates shall amend or waive such subrogation provisions without Seller’s prior written consent. The Parties acknowledge that Purchaser obtaining the R&W Insurance Policy is a material inducement to Seller entering into the transactions contemplated by this Agreement, and Seller is relying on Purchaser’s covenants and obligations set forth in this Section 5.15(a). The R&W Insurance Policy may not be amended or waived by Purchaser or its Affiliates in any manner that is adverse to Seller or any of its Affiliates without Seller’s prior written consent. At or promptly following the Closing, Seller shall deliver to Purchaser or its Representatives, as reasonably requested by Purchaser, a digital copy of all documents and other information uploaded to the virtual data room established by Seller and its Representatives and to which Purchaser and its Representatives have been granted access as part of their due diligence of the transactions contemplated hereby (the “Data Room”).

  • Insurance & Bonding The Subrecipient shall carry sufficient insurance coverage to protect contract assets from loss due to theft, fraud and/ or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in amount equal to cash advances from the Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 2 CFR Part 200.304 and 200.310.

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