Common use of Bonds; Letters of Credit Clause in Contracts

Bonds; Letters of Credit. Except as set forth on Schedule 5.16, there are no franchise, construction, fidelity, performance, or other bonds, guaranties in lieu of bonds or letters of credit posted by Insight in connection with its operation or ownership of any of the Insight Systems or Insight Assets.

Appears in 2 contracts

Samples: Asset Contribution Agreement (Insight Communications Co Inc), Asset Exchange Agreement (Insight Communications Co Inc)

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Bonds; Letters of Credit. Except as set forth on Schedule SCHEDULE 5.16, there are no franchise, construction, fidelity, performance, or other bonds, guaranties in lieu of bonds or letters of credit posted by Insight Century in connection with its operation or ownership of any of the Insight Century Systems or Insight Century Assets.

Appears in 2 contracts

Samples: Asset Contribution Agreement (Century Communications Corp), Asset Exchange Agreement (Century Communications Corp)

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