Bond. The Custodian shall at all times maintain a bond in such form and amount as is acceptable to the Fund, which shall be issued by a reputable fidelity insurance company authorized to do business in the place where such bond is issued, against larceny and embezzlement, covering each officer and employee of the Custodian who may, singly or jointly with others, have access to securities or funds of the Fund, either directly or through authority to receive and carry out any certificate instruction, order request, note or other instrument required or permitted by this Agreement. The Custodian agrees that it shall not cancel, terminate or modify such bond insofar as it adversely affects the Fund except after written notice given to the Fund not less than 10 days prior to the effective date of such cancellation, termination or modification. The Custodian shall, upon request, furnish to the Fund a copy of each such bond and each amendment thereto.
Bond. The Custodian will, at all times, maintain a bond issued by a reputable fidelity insurance company authorized to do business in the place where the bond is issued. The bond will be issued against larceny and embezzlement, and will cover each officer and employee of the Custodian who may, singly or jointly with others, have access to securities or funds of the Fund, directly or through authority to receive and carry out any certificate instruction, order request, note or other instrument required or permitted by this Agreement. The Custodian agrees that it will not cancel terminate or modify the bond so as to affect adversely the Fund, except after written notice to the Fund not less than 10 days prior to the effective date of such cancellation, termination or modification. At the request of the Fund, the Custodian will furnish to the Fund a copy of each such bond and each amendment thereto.
Bond. The Advisor shall maintain a fidelity bond with a responsible surety company in such amount as may be required by the Directors from time to time, covering all directors, officers, employees, and agents of the Advisor handling funds of the Company and any investment documents or records pertaining to investments of the Company. Such bond shall inure to the benefit of the Company in respect to losses of any such property from acts of such directors, officers, employees, and agents through theft, embezzlement, fraud, negligence, error, or omission or otherwise, the premium for said bond to be at the expense of the Company.
Bond. The Trustee and the Delaware Trustee shall not be required to post any bond or other form of surety or security unless otherwise ordered by the Bankruptcy Court.
Bond. The Trustee shall not be required to provide any bond to secure the performance of its duties hereunder.
Bond. A. Design-Build Firm shall provide a Performance and Payment Bond, in the form prescribed in Exhibit B, in the amount of one hundred percent (100%) of the Contract Amount, the costs of which to be paid by Design-Build Firm. If the Contract Amount is increased by a Change Order, it shall be the Design-Build Firm’s responsibility to ensure that the Performance and Payment Bond is amended accordingly and a copy of the amendment recorded by the Lee County Clerk of Court and forwarded to the County. The Performance and Payment Bond shall be underwritten by a Surety authorized to do business in the State of Florida and otherwise acceptable to the County; provided, however, the Surety shall be rated as "A or better” as to general policy holders rating as reported in the most current Best Key Rating Guide, published by A.M. Best Company, Inc. and/or shall be approved by the County prior the issuance of such Bond, which approval shall not be unreasonably withheld.
B. Attorneys-in-fact who sign Bonds for County projects must file with such Bond a certified copy of their Power of Attorney to sign such Bond. All agents of Surety companies must list their name, address, and telephone number on all Bonds. The life of all Bonds provided to the County shall extend twelve (12) months beyond the date of final payment and shall contain a waiver of alternation to the terms of the Agreement, extensions of time and/or forbearance on the part of the County. The County shall not return or release the Bonds for a period of twelve (12) months after the date of final payment to allow time for claims against the Bonds during this period.
C. If the surety for any bond furnished by Design-Build Firm is declared bankrupt, becomes insolvent, its right to do business is terminated in the State of Florida, or it ceases to meet the requirements imposed by the Contract Documents, the Design-Build Firm shall, within five (5) days thereafter, substitute another bond and surety, both of which shall be subject to the County's approval. Failure by the Design-Build Firm to maintain its bond in full force and effect at all times, including the warranty period, shall be grounds for termination of this Agreement.
Bond. 7.1 If an amount is specified in the SCHEDULE next to the item “Bond Amount” then this sale shall be subject to a suspensive conditional upon the Purchaser obtaining a loan, as specified in the SCHEDULE, from a bank or recognized financial institution on its normal terms and conditions against the security of a first mortgage bond over the Unit within 14 (fourteen) days of the date of signature or this agreement (the “INITIAL PERIOD”), or on or before such further date as the Seller in its discretion may without reference or notice to the Purchaser decide (the “EXTENDED PERIOD”). In the event that a bond is approved for an amount less than that stated in the SCHEDULE and the Purchaser elects to consider this condition to be fulfilled. The Purchaser undertakes to furnish the Seller’s Attorneys with either payment or a bank guarantee for the shortfall within 7 (seven) days from the date of the granting of the aforesaid bond.
7.2 In the event of the Purchaser being unsuccessful in obtaining the aforesaid loan within the INITIAL PERIOD then the following provisions shall apply:
7.2.1 The period shall be automatically extended until the Seller notifies the Purchaser in writing that the EXTENDED PERIOD is terminated;
7.3 Notwithstanding anything to the contrary aforegoing the Purchaser undertakes to sign all documents and do all things necessary to ensure the successful granting of the loan referred to herein.
7.4 By his signature hereto, the Purchaser specifically and irrevocably grants to the Agent or the Seller a power of attorney in rem suam to apply for the required loan finance on his behalf.
7.5 The Purchaser undertakes within 7 (seven) days of the Signature Date to furnish to the Agent or the Seller such information as may be reasonably required for purposes of making application for the required loan finance on behalf of the Purchaser.
7.6 The Seller shall be liable for all costs, save for the initiation and/or valuation fee(s) levied by the financial institution(s), to procure registration of a mortgage bond over the Property as security for loan finance obtained. Such costs shall be paid by the Seller to the Seller’s Attorneys on request therefore by the Seller’s Attorneys. The Purchaser shall be liable for the initiation and/or valuation fee(s) levied by the financial institution(s). Such costs shall be paid by the Purchaser to the Seller’s Attorneys on request thereof by the Seller’s Attorneys.
Bond. If required by the Board of Directors, the Advisor will maintain a fidelity bond with a responsible surety company in such amounts as may be required by the Board of Directors, covering all members or partners thereof together with employees and agents of the advisor handling funds of the Advisees and investment documents or records pertaining to investments of the Advisees. Such bonds shall inure to the benefit of the Advisees in respect of losses from acts of such partners, employees and agents through theft, embezzlement, fraud, negligence, error or omission or otherwise. The premiums on such bonds shall be paid by the Advisees.
Bond. If required by the Board of Directors, any officer shall give the Corporation a bond in such sum and with such surety or sureties and upon such terms and conditions as shall be satisfactory to the Board of Directors, including without limitation a bond for the faithful performance of the duties of his office and for the restoration to the Corporation of all books, papers, vouchers, money and other property of whatever kind in his or her possession or under his control and belonging to the Corporation.
Bond. The bond amount is determined by the Insurance option chosen by the renter. The bond will be $500.00 or $1500.00 (based on the additional insurance purchased) but not both, as out lined in the standard liability and additional insurance option section. The Bond will be authorized (not charged) against the credit card upon collection of the vehicle. The Bond will automatically be released back onto your credit card within If there is damage to the vehicle on its return, the Bond will be used to cover the cost of such damage up to the amount of the relevant Liability. However, if the terms of the Rental Agreement & Terms and Conditions/Policies are breached and the Bond is insufficient to cover the damage, then any extra cost will be charged.
