Bonds and Guarantees. Bonds and guarantees are to be submitted to the Employer from whom they can be collected once they are released, in accordance with the contract.
Bonds and Guarantees. The Supplier shall deliver the bonds required in the Purchase Order in the forms provided by the Client. In the event of a breach of this requirement, the Client may cancel the Purchase Order and apply the maximum penalty. The Supplier must change and increase the amount and time of the bond in case of increase of price or time to obtain the Provisional Acceptance Certificate and/or Final Acceptance Certificate.
Bonds and Guarantees. (a) After Closing and until the earlier to occur of (i) the first (1st) anniversary of the Closing and (ii) such time any Acquired Company is exempt from the supplemental bonding requirements of BOEM and the BOEM releases Seller from its financial guarantee (such period, the “Seller Assistance Period”), Seller shall continue to provide the Seller Parent Financial Guarantee to BOEM with respect to the supplemental bonding requirements of the Acquired Companies. During such period, Buyer shall use reasonable efforts to cause each of the Acquired Companies to become exempt from the supplemental bonding requirements of BOEM and shall provide Seller with updates on its progress promptly upon Seller’s request. During the Seller Assistance Period, Buyer shall use its best efforts to ensure BOEM seeks any damages first against Buyer before the Seller Parent Financial Guarantee, and Buyer shall indemnify Seller (and its Affiliates and the other Seller Indemnified Persons) from and against any and all Covered Liabilities incurred by Seller (or any of the other Seller Indemnified Persons) as a result of BOEM collecting any amounts from Seller under the Seller Parent Financial Guarantee for obligations of the Acquired Companies (the foregoing described indemnity obligation, “Buyer BOEM Indemnity”). Notwithstanding anything to the contrary set forth in this Agreement, Seller and Buyer, as the case may be, shall be permitted (but shall have no obligation) (i) in the case of Seller, to offset the amount of any then outstanding indemnity obligations it has to Buyer or any of the other Buyer Indemnified Persons pursuant to Section 11.2 by the amount of any then outstanding Buyer BOEM Indemnity obligations and (ii) in the case of Buyer, to offset the amount of any then outstanding Buyer BOEM Indemnity obligations by the amount of any then outstanding indemnity obligations Seller has to Buyer or any of the other Buyer Indemnified Persons pursuant to Section 11.2.
(b) Schedule 4.2(x) identifies the bonds and letters of credit and other forms of financial assurance posted (or supported) by Seller, the Acquired Companies or any other Affiliate of Seller with respect to the Hydrocarbon Interests that will be in effect immediately prior to the Closing. Except with respect to the escrow accounts set forth on Schedule 6.10(b), the Parties understand that none of the bonds, letters of credit and other forms of financial assurance, if any, posted by Seller or any Affiliate of Seller ...
Bonds and Guarantees. Schedule 5.13 identifies the bonds and guarantees posted (or supported) by Seller or its Affiliates or any third parties on behalf of the Companies with respect to the Company Assets as of the date noted on Schedule 5.13, which Seller may update until ten (10) Business Days prior to the Closing Date with respect to the bonds and guarantees to be replaced on the Closing Date, but only acting consistently with past practice and in the ordinary course of business. True, correct, and complete copies of all such bonds and guarantees have been made available to Buyer.
Bonds and Guarantees. Interests as beneficiary under letters of credit, advances and performance and surety bonds, guarantees;
Bonds and Guarantees. Original copies of the bonds and guarantees must be lodged at the office of ACSA, Xxxx Xxxxxxx International Airport and one copy of each must be kept on site with the Employer’s Agent’s representative. On release, the bond and guarantees can be collected from ACSA.
Bonds and Guarantees. Purchasers and Sellers shall take all reasonable actions to cause Katy to be fully released from all obligations arising from the conduct of the Canadian Business and US Business from and after the Closing under the obligations and commitments listed on Schedule 16.8. Cxxxxxx and Purchasers shall indemnify and hold Katy harmless from any and all liabilities arising under the obligations and commitments listed on Schedule 16.8 that result from the conduct of the Canadian Business and US Business by Cxxxxxx and Purchasers subsequent to the Closing.
Bonds and Guarantees. (a) Schedule 3.2.24
Bonds and Guarantees. 13.1 The Purchaser agrees to use all its reasonable endeavours from the Closing Date to achieve the release of any member of the Vendor's Group from such of the bonds or
Bonds and Guarantees. 17.2.1 The Purchasers shall use their best efforts with the Vendors' assistance to cause, effective from the Closing Date, the release of the Vendors or any person included in the Vendor Group from any bonds or guarantees issued by banks or other financial service providers on behalf of any of them in respect of the Operations (relating to non-completed contracts) as shown in Schedule 18 (for the period up to and including December 31, 1998, and after December 31, 1998 to Closing for such bonds or guarantees entered into in the ordinary course of the Operations) or in any event as soon as practicable after Closing.
17.2.2 After Closing but prior to such release the Purchasers will indemnify and hold harmless the Vendors (for themselves and as trustee for each member of the Vendors' Group) from and against any Losses arising after Closing in respect of any such bonds or guarantees (including drawings thereunder) to the extent resulting from actions of the Purchasers or any member of the Purchasers' Group relating to any such bonds or guarantees referred to in Section 17.2.1 or their respective underlying contracts or tenders.
17.2.3 After Closing if any of the bonds or guarantees referred to in Section 17.2.1 are drawn upon, then the Vendors will indemnify and hold harmless the Purchasers for any Losses in respect of any such bonds or guarantees (including drawings thereunder) to the extent resulting from the actions of any Vendor (as the case may be) before Closing as agreed to by the Vendors and Purchasers.
