Required Bonding. Buyer shall obtain all required bonds and other surety arrangements relating to the ownership, use, or operation of the Properties necessary to own, use and operate the Properties at and after Closing.
Required Bonding. Buyer shall obtain all required bonds and other surety arrangements relating to the ownership or operation of the Assets necessary to cause Seller’s bonds and surety arrangements with respect to the Assets to be released at and as of the Closing. No later than 5 Business Days prior to Closing, Buyer shall provide Seller with reasonably satisfactory evidence that all such bonds and surety arrangements have been obtained and will be in place as of the Closing.
Required Bonding. Purchaser shall obtain all required bonds and other surety arrangements relating to the ownership, use, or operation of the Acquired Assets (including all bonds and surety arrangements required by the DOI and the state(s) of Oklahoma and Texas) necessary to cause Seller’s and any of its Affiliates’ bonds and surety arrangements with respect to the Acquired Assets to be released at the Closing. Not later than five Business Days before the Closing, Purchaser shall provide Seller with satisfactory evidence that all such bonds and surety arrangements have been obtained and will be unconditionally effective as of the Closing Date.
Required Bonding. Purchaser shall obtain, effective as of the Closing Date, all required bonds and other surety arrangements relating to the ownership, use or operation of the Properties necessary to own, use and operate the Properties at and after Closing. Seller recognizes that Purchaser may operate through its affiliate, Linn Operating, Inc.
Required Bonding. Buyer shall provide copies of all required bonds and other surety arrangements relating to the ownership or operation of the Assets (including all bonds and surety arrangements required by the Bureau of Land Management and the State of Montana).
Required Bonding. Purchaser shall obtain all required bonds and other surety arrangements relating to the ownership, use, or operation of the Acquired Assets (including all bonds and surety arrangements required by the DOI and the state of Colorado) necessary to cause Seller’s and any of its Affiliates’ bonds and surety arrangements with respect to the Acquired Assets, as listed in Section 10.15 of the Disclosure Schedule, to be released at the First Closing. Prior to the First Closing, Purchaser shall provide Seller with satisfactory evidence that all bonds and surety arrangements listed in Section 10.15 of the Disclosure Schedule have been obtained and will be unconditionally effective as of the First Closing Date.
Required Bonding. Lomak Production Company shall have secured the necessary bonding required for operations on the Assets as required by all applicable governmental agencies.
Required Bonding. Purchaser shall obtain all bonds, guarantees, letters of credit and other surety arrangements and credit support obligations required in connection with the ownership of the Membership Interests or the ownership, use, or operation of the Acquired Assets (including all bonds and surety arrangements required by the DOI and the States of Illinois, Indiana, Kentucky, Ohio, Tennessee, Virginia, West Virginia) necessary to cause Sellers’ bonds, guarantees, letters of credit and other surety arrangements and credit support obligations with respect to the Acquired Assets to be released at Closing. Not later than 10 Business Days before the Closing, Purchaser shall provide Sellers with satisfactory evidence that all such bonds, guarantees, letters of credit and other surety arrangements and credit support obligations have been obtained and will be unconditionally effective as of the Closing Date.
Required Bonding. Buyer shall obtain all required bonds and other surety arrangements relating to the ownership or operation of the Assets (including all bonds and surety arrangements required by the Bureau of Land Management and the State of Utah) necessary to cause Seller’s bonds and surety arrangements with respect to the Assets to be released. No later than three Business Days prior to Closing, Buyer shall provide Seller with satisfactory evidence that all such bonds and surety arrangements have been obtained and will be unconditionally effective as of the Closing.
Required Bonding. If proposing on Part 2, Vendor is required to upload a Bonding Capacity Letter from its surety, as described herein, at this location. Please see the attachment entitled "Instructions and Sample - Part 2 Required Bonding Capacity Letter" for complete instructions. . On Part 2, Vendor will be scored on the aggregate bonding capacity displayed in the accepted letter. Vendor must provide a current letter (issued on or after the first day of the month preceding the date on which the solicitation was posted) from its surety verifying Vendor’s bonding capacity as described herein. (Ex. if the solicitation/bid posted on February 4, 2022, the letter must be dated on or after January 1 2022. The letter must be issued from Vendor’s Surety companies, on surety company letterhead, must specify the maximum bonding capacity of the Vendor, and must be signed by an authorized representative of the surety company. The issuing surety must be authorized to do business in the State of Texas and must be listed on the Department of the Treasury's Listing of Approved Sureties (Department Circular 570). Agreement (Part 2).pdf
