Posting Bond Sample Clauses

Posting Bond. (a) All Employers must have a current bond on file that is in compliance with this Article. The Administrative Office of the Southern California Floor Covering Trust Funds (hereinafter "Trust Administrative Office") shall have the authority to verify that each Employer signatory to this Agreement has a bond that is in compliance with this Article. (b) All Employers who become signatory to the Master Labor Agreement ("MLA"), an Agreement Counterpart to the MLA, or a Participation Agreement, shall post a $10,000.00 indemnity bond through a recognized bonding company or deposit $10,000.00 in cash with the Trust Administrative Office, located at 0000 Xxxxx Xxxxx Xxxxxx, Suite 150, El Monte, CA 91731, phone: (000) 000-0000 or at such other address designated as the Trust Administrative Office. This Bond shall remain in effect for at least the entire term of this MLA, in accordance with the provisions herein. (c) The bond or cash is to indemnify workers for Wages, Travel Expense and Subsistence, to indemnify the Union for dues and to indemnify the Trust tfunds for Apprenticeship and Training, Health and Welfare, Pension, Vacation/Holiday, Contract Administration and Labor Management Cooperation contributions, liquidated damages, interest (paid in accordance with a rate determined by the Trustee's), together with any administrative fees, and attorney fees and costs incurred by the Union or Trust tfunds to collect the amounts owed (hereinafter together referred to as "Negotiated Payments").
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Posting Bond. The Employer fails to post the indemnity bond or cash bond required under Article VI or the Employer fails to increase the bond as required under Article VI. A fine of two hundred and fifty dollars ($250.00) shall be assessed for every month that the bond is not in place with the Southern California Floor Covering Trust Fund payable to the Market Recovery Fund.
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Posting Bond. The Employer fails to post the indemnity bond or cash bond required under Article VI or the Employer fails to increase the bond as required under Article VI.
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Posting Bond. The union may require a bond sufficient to cover music preparation wages, pension and health benefit costs whenever such costs are anticipated to exceed $5,000.
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Posting Bond. Any stay issued to a tenant appealing from a final judgment of eviction should be conditioned upon T posting a bond. The bond may contain conditions the court deems appropriate and should be in an amount sufficient for the payment of costs interest, damages for delay, use or depreciation of the property. Fla.
Sample 1
Posting Bond. (a) All Employers must have a current bond on file that is in compliance with this Article. The Administrative Office of the Southern California Floor Covering Trust Funds (hereinafter “Trust Administrative Office”) shall have the authority to verify that each Employer signatory to this Agreement has a bond that is in compliance with this Article. (b) All Employers who become signatory to the Master Labor Agreement (“MLA”), an Agreement Counterpart to the MLA, or a Participation Agreement, shall post a $10,000.00 indemnity bond through a recognized bonding company or deposit $10,000.00 in cash with the Trust (c) The bond or cash is to indemnify workers for Wages, Travel Expense and Subsistence, to indemnify the Union for dues and to indemnify the Trust Funds for Apprenticeship and Training, Health and Welfare, Pension, Vacation/Holiday, Contract Administration and Labor Management Cooperation contributions, liquidated damages, interest (paid in accordance with a rate determined by the Trustee’s), together with any administrative fees, and attorney fees and costs incurred by the Union or Trust Funds to collect the amounts owed (hereinafter together referred to as “Negotiated Payments”).
Sample 1

Related to Posting Bond

  • Bond The Custodian shall at all times maintain a bond in such form and amount as is acceptable to the Fund, which shall be issued by a reputable fidelity insurance company authorized to do business in the place where such bond is issued, against larceny and embezzlement, covering each officer and employee of the Custodian who may, singly or jointly with others, have access to securities or funds of the Fund, either directly or through authority to receive and carry out any certificate instruction, order request, note or other instrument required or permitted by this Agreement. The Custodian agrees that it shall not cancel, terminate or modify such bond insofar as it adversely affects the Fund except after written notice given to the Fund not less than 10 days prior to the effective date of such cancellation, termination or modification. The Custodian shall, upon request, furnish to the Fund a copy of each such bond and each amendment thereto.

  • Posting Each Credit Party hereby agrees that it will provide to the Administrative Agent all information, documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to this Agreement and any other Loan Document, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but excluding any such communication (unless otherwise approved in writing by the Administrative Agent) that (i) relates to a request for a new, or a conversion of an existing, Borrowing or other extension of credit (including any election of an interest rate or interest period relating thereto), (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides a Notice of Intent to Cure, (iv) provides notice of any Default under this Agreement or (v) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension of credit hereunder (all such non-excluded communications, collectively, the “Communications”), by transmitting the Communications in an electronic/soft medium in a format reasonably acceptable to the Administrative Agent at such e-mail address(es) provided to the Borrower from time to time or in such other form, including hard copy delivery thereof, as the Administrative Agent shall require. In addition, each Credit Party agrees to continue to provide the Communications to the Administrative Agent in the manner specified in this Agreement or any other Loan Document or in such other form, including hard copy delivery thereof, as the Administrative Agent shall reasonably request. Nothing in this Section 10.01 shall prejudice the right of the Agents, any Lender or any Credit Party to give any notice or other communication pursuant to this Agreement or any other Loan Document in any other manner specified in this Agreement or any other Loan Document or as any such Agent shall require.

  • Performance Bond Unless otherwise prohibited by law, the Department may require the Contractor to furnish, without additional cost to the Department, a performance bond or irrevocable letter of credit or other form of security for the satisfactory performance of work hereunder. The Department shall determine the type and amount of security.

  • Performance Bond and Payment Bond The Contractor shall furnish both a performance bond and a payment bond in the exact form set forth in Section 7, (Forms) of these General Conditions.

  • Performance Bonds Buyer shall have obtained, or caused to be obtained, in the name of Buyer, replacements for Seller’s and/or Seller’s Affiliates’ bonds, letters of credit and guarantees, and such other bonds, letters of credit and guarantees to the extent required by Section 7.05.

  • PERFORMANCE / BID BOND The Commissioner reserves the right to require a Bidder or Contractor to furnish, without additional cost, a performance, payment or Bid bond, negotiable irrevocable letter of credit, or other form of security for the faithful performance of the Contract. Where required, such bond or other security shall be in the form prescribed by the Commissioner.

  • Injunction Posting of Bond In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

  • Bonds The Contractor shall furnish both a performance bond and a payment bond and shall pay the premiums thereon as a Cost of the Work. The Performance Bond shall guarantee the full performance of the Contract.

  • Payment Bond PURCHASER shall furnish an acceptable payment bond or blanket payment bond to STATE as guarantee for payment for timber. Payment bonds may be in the form of surety bonds, cash, cashier's or certified check, money order, assignment of surety, irrevocable letters of credit, or other securities as determined acceptable by the State Forester. Surety bonds must be written by a surety company authorized to do business in the State of Oregon, on a form provided by STATE. The bonds shall be in an amount at least equal to the value of timber estimated to be removed during a one-month plus 15-day billing period as determined by STATE. In any event, the amount shall not be less than one installment payment as specified in Section 42. Under a payment bond, PURCHASER may remove timber for a 30-day period, after which time, payment becomes due and owing. PURCHASER shall make cash payment within 15 days following the end of the monthly period. Upon payment for timber removed in the monthly period, the payment guarantee may be applied as a guarantee for a subsequent period. A blanket payment bond shall be in an amount at least equal to the value of the timber estimated to be removed from all contracts covered by the blanket payment bond during a one-month plus 15-day billing period as determined by STATE. PURCHASER shall obtain and furnish STATE with a written consent of surety on forms provided by STATE for coverage of any contracts to which the blanket payment bond may apply. In no event shall PURCHASER remove timber with a value greater than the amount of the payment guarantee.

  • Surety Bond (a) If a Required Surety Payment is payable pursuant to the Surety Bond with respect to any Additional Collateral Loan, the Master Servicer shall so notify the Trustee as soon as reasonably practicable and the Trustee shall promptly complete the notice in the form of Attachment 1 to the Surety Bond and shall promptly submit such notice to the Surety as a claim for a Required Surety. The Master Servicer shall upon request assist the Trustee in completing such notice and shall provide any information requested by the Trustee in connection therewith. (b) Upon receipt of a Required Surety Payment from the Surety on behalf of the Holders of Certificates, the Trustee shall deposit such Required Surety Payment in the Certificate Account and shall distribute such Required Surety Payment, or the proceeds thereof, in accordance with the provisions of Section 4.02. (c) The Trustee shall (i) receive as attorney-in-fact of each Holder of a Certificate any Required Surety Payment from the Surety and (ii) disburse the same to the Holders of such Certificates as set forth in Section 4.02.

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