Bonding Obligations. Notwithstanding the Performance Securities obtained or to be obtained under or in connection with or pursuant to the Design-Build Contract, the Design Subcontract and/or the Operating and Maintenance Contract, and in recognition of the requirements of the Funding Agreements, the parties acknowledge that the Concessionaire is not required to deliver in favour of the Province as obligee, either a labour and material payment bond, or a performance bond in connection with the performance of the Concessionaire’s obligations under this Agreement.
Bonding Obligations. Borrower shall maintain, and shall cause each Subsidiary to maintain, each of its Bonding Agreements necessary for the conduct of its business in the ordinary course of its operations and in a manner reasonably satisfactory to the Administrative Agent. SECTION 7.
Bonding Obligations. Schedule 4.22 sets forth a true, complete, correct and accurate list of all Bonds (including Bonds from subcontractors) as of the Closing Date, including, with respect to each Bond, the issuer, beneficiary, date of issuance, identification number, amount thereof and approximate dollar amount of work remaining as of the Closing Date on each bonded project.
Bonding Obligations. 76 SECTION 7.
Bonding Obligations. The potential monetary liability of Borrower with respect to completion bonds, letters of credit or other similar instruments that are required by insurance companies that issue completion bonds, cities, counties or governmental agencies in connection with the development of The Project, the creation of residential communities, and the construction of Homes, but excluding letters of credit delivered as xxxxxxx money, option deposits or other consideration in connection with the purchase of Land. Borrower. California Coastal Communities, Inc., a Delaware corporation.
Bonding Obligations. The potential monetary liability of the Borrower or any Guarantor with respect to completion bonds, letters of credit or other similar instruments that are required by insurance companies that issue completion bonds, cities, counties or governmental agencies in connection with the development of Owned Land, the creation of residential communities, and the construction of Homes, but excluding letters of credit delivered as xxxxxxx money, option deposits or other consideration in connection with the purchase of Land. Borrower. California Coastal Communities, Inc., a Delaware corporation. Brightwater Project. The 356 unit planned residential community located in Huntington Beach, California which constitutes one or more Units of Owned Land together with any other improvements constructed or under construction thereon. Business Day. Any day on which banking institutions in Cleveland, Ohio are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.
Bonding Obligations. The potential monetary liability of the Borrowers, the Guarantors or the Unrestricted Subsidiaries with respect to completion bonds, letters of credit or other similar instruments that are required by insurance companies that issue completion bonds, cities, counties, the California Department of Real Estate, sellers of Land or other governmental agencies in connection with the development of Land, the creation of residential communities and the construction of subdivisions of Homes, the terms of which shall be substantially similar to the currently existing Bonding Obligations described on SCHEDULE 1.7 attached hereto or otherwise specifically required by a governmental agency. BORROWER. Each general partnership, limited partnership, limited liability company or other entity meeting all of the following criteria: (i) WPHD directly or indirectly holds a ninety-nine percent (99%) interest therein; (ii) LAMCO and, under certain circumstances specified in the applicable partnership or operating agreement which permit joint control with the managing general partner or administrative managing member, AP Western (or an Affiliate of any thereof) has control over all major and day-to-day decisions with respect to the operation of such entity; (iii) prior to the Xxxxxxx Merger, such entity's accounts are or will be consolidated with the accounts of WPHD in WPHD's consolidated financial statements according to generally accepted accounting principles, and from and after the consummation of the Xxxxxxx Merger, such entity's accounts will be consolidated with the accounts of Parent, in Parent's consolidated financial statements according to generally accepted accounting principles; (iv) such entity shall have no Indebtedness except as permitted by Section 8.1 (a), (b), (c), (d), (e), (l), (m), (n), (o) and (p); and (v) all or any portion of the assets owned by such entity are to be included in the Borrowing Base Assets. The Borrowers as of the Closing Date are signatories hereto. BORROWING BASE. At any time, the Borrowing Base for the Borrowers shall be an amount equal to the sum of:
