NOTICE OF EXECUTION. The Indemnitors hereby waive notice of the execution of the Bond, and of the acceptance of this Agreement. At least thirty days notice shall be given to the Operator and the Indemnitors of any default, or any other act or acts giving rise to any claim under the Bond. Thirty days shall run from the day upon which the Bond Pool receives written demand from the Responsible Regulatory Authority. Notice shall be deemed given upon the date when sent by registered U.S. mail to the following addresses: TENTH: The Bond Pool shall have the right to adjust, settle, or compromise any claim, demand, suit or judgement upon the bond, unless the Operator and the Indemnitors shall request to litigate such claim or demand, or to defend such suit, or to appeal from such judgement, and shall deposit with the Bond Pool, at the time of such request, cash or collateral satisfactory to the Bond Pool in kind and amount, to be used in paying any judgement or judgements rendered or that may be rendered, with interest, costs, expenses and attorney's fees, including those of the Bond Pool.
Appears in 4 contracts
Samples: Indemnity Agreement, Indemnity Agreement, Indemnity Agreement
