Surety. The person, firm, or corporation that executes as surety Developer’s Performance Bond and Payment Bond, and must be a California admitted surety insurer as defined in the Code of Civil Procedure section 995.120.
Surety. The Charter School shall maintain a surety bond throughout the entirety of its charter term and six months following the conclusion of the charter term to assure the faithful performance of the duties of the school and its employees, including the fulfillment of Charter School’s obligations in closing the financial affairs in the event the school ceases operation. The bond shall be in an amount no less than $100,000.00 to be payable to the State of Georgia through the State Charter Schools Commission. The bond shall be furnished by a company authorized to do business in Georgia. The provisions of this subsection shall not be interpreted to preclude Charter School from obtaining liability insurance coverage or surety or fidelity bonds in addition to or in excess of the requirements of this subsection.
Surety. As additional security for its obligations under this PPP Agreement, the Private Party shall procure that each of the Shareholders shall, on or before the Signature Date, execute the Suretyship in terms of which each of the Shareholders shall bind itself as surety for the Private Party and co-principal debtor in solidum with the Private Party to SANParks for the due and punctual performance by the Private Party of its obligations under this PPP Agreement.
Surety. The corporation, partnership, or individual, other than the Contractor, executing payment or performance bonds which are furnished to the Owner by the Contractor.
Surety. Prior to beginning construction of the Extensions, Developer shall furnish to the City a Performance Bond between Developer and the City, in the form approved by the City, in an amount equal to the estimated cost of the Extensions in existing public rights-of-way and any temporary erosion and sediment control. The performance bond shall assure and guarantee compliance with this Agreement, the satisfactory completion of all Extensions, payment of all fees required herein, restoration of any impacted pre-existing City facilities in accordance with the terms of this Agreement, and shall hold the City harmless from any claims resulting therefrom. Developer may provide the City with a cash deposit in lieu of the performance bond required herein. No construction shall be commenced until the cash deposit is accepted by the City. This cash deposit shall be conditioned and held subject to the same terms as the Performance Bond, and will be refunded to Developer upon satisfactory completion of the Extensions and connection of the Extensions to the existing system; provided, that in the event pre-existing City facilities have not been repaired or restored as required by this Agreement, the City may, in addition to any other rights it may have, retain the total amount of the cash deposit as liquidated damages or such portion of said deposit as may be necessary to defray such costs.
Surety. In the event of the Lessee being a Company / Close Corporation, at the date of signature of this Offer to Lease then the Lessee warrants that its Directors / Shareholders / Members shall bind themselves as sureties and co- principal debtors in solidum with the Lessee for the due performance of the Lessee’s obligations, in terms of the Lessor’s standard Deed of Suretyship.
Surety. The Surety hereby, under renunciation of the benefits of divisionis seu excussionis with the full meaning and effect of which he declares himself to be fully acquainted, binds himself as surety and co-principal debtor in solidum with the Lessee in favour of the Lessor for the due and punctual performance of the Lessee's obligations to the Lessor in terms of this agreement. No variation or amendment or novation of this agreement shall prejudice the surety obligation hereby undertaken by the Surety, the object being that the Surety shall at all times be liable as surety and co-principal debtor even if this agreement is varied or amended or novated and even if the Lessee is granted an indulgence by the Lessor.
Surety. The surety company or individual which is bound by the performance bond and payment bond with and for Contractor who is primarily liable, and which surety company or individual is responsible for Contractor's acceptable and timely performance and completion of the Work under this Agreement and for the payment of all debts pertaining thereto in accordance with Section 255.05, Florida Statutes.
Surety. Bonding shall be provided as required by the Code and applicable ordinances and regulations. This Agreement shall not affect such requirements except as specifically provided herein, and to provide for joint and severable liability and to make clear that all requirements shall be binding on any mortgagees, successors or assigns. Irrevocable letters of credit in such form and issued by such institutions as may be acceptable by the City shall serve as appropriate surety against failure to perform.
Surety. 11.1 In consideration of the Owner letting and selling the Ship to the Hirer in terms of this Agreement, the Surety hereby irrevocably and unconditionally guarantees to pay to the Owner, on demand by the Owner all moneys and discharge all obligations and liabilities now or hereafter due, owing or incurred by the Hirer to the Owner under or pursuant to this Agreement and the Hirer's Documents when the same become due for payment or discharge whether by acceleration or otherwise, and whether such moneys, obligations or liabilities are express or implied, present, future or contingent, joint or several, incurred as principal or surety originally owing to the Owner or otherwise acquired by it, denominated in Dollars or in any other currency or in any other manner whatsoever and undertakes that if for any reason the Hirer shall fail to pay any such sum on its due date, the Surety shall immediately on demand by the Owner unconditionally pay such sum to the Owner.
11.2 The Surety's liability under this Agreement shall not be discharged, reduced or otherwise affected in any way by reason of (i) the Owner giving the Hirer time or any other concession, (ii) any composition, discharge, release or other variation of liability entered into with, or granted to, the Hirer, (iii) the Owner taking, holding, varying, realising and not enforcing any other security for the liabilities of the Hirer under this Agreement or the Hirer's Documents, (iv) any amendment, variation or waiver (however fundamental) of any provision of this Agreement or the Hirer's Documents, (v) any legal limitation or incapacity relating to the Hirer, (vi) the invalidity or unenforceability of the obligations of the Hirer under this Agreement or the Hirer's Documents or (vii) any other act or omission of the Owner or any other circumstances which, but for this provision, might discharge the Surety.
11.3 The Surety agrees to pay interest on each amount demanded of it under this clause 11 from the date of demand until payment (as well after as before judgment) at the Relevant Rate of Interest calculated on day to day basis. Such interest shall be compounded monthly if not paid on demand but without prejudice to the Owner's right to require payment of such interest.
11.4 The obligations of the Surety under this clause 11 shall continue in effect until all sums whatsoever payable by the Hirer under this Agreement have been finally paid in full, notwithstanding any intermediate payment, partial settlement o...
