Common use of Bonding Arrangements Clause in Contracts

Bonding Arrangements. The Borrower shall have delivered copies of all Bonding Arrangements relating to itself or any of the Loan Parties, and if the same provide for any Liens on property or assets which constitute Collateral, (a) such Liens shall be Surety Liens and (b) except with respect to Permitted Non-Job Surety Bonding Arrangements that do not require intercreditor agreements, the Borrower shall have delivered intercreditor agreements of the type referred to in the definition of Surety Liens (each, a “Bonding Intercreditor Agreement”).

Bonding Arrangements. The Borrower Loan Parties shall have delivered copies of all Bonding Arrangements relating to itself or any of the Loan Partiesthemselves, and if the same provide for any Liens on property or assets which constitute Collateral, (ai) such Liens shall be Surety Liens and (bii) except with respect to Permitted Non-Job Surety Bonding Arrangements that do not require intercreditor agreements, the Borrower Loan Parties shall have delivered intercreditor agreements of the type referred to in the definition of Surety Liens (each, a “Bonding Intercreditor Agreement”).

Bonding Arrangements. The Borrower Loan Parties shall have delivered copies of all Bonding Arrangements relating to itself or any of the Loan Partiesthemselves, and if the same provide for any Liens on property or assets which constitute Collateral, (ai) such Liens shall be Surety Liens and (bii) except with respect to Permitted Non-Job Surety Bonding Arrangements that do not require intercreditor agreements, the Borrower Loan Parties shall have delivered intercreditor agreements of the type referred to in the definition of Surety Liens (each, a “Bonding Intercreditor Agreement”).; and