Surety Agreement. To induce RESIDENTIAL WARRANTY COMPANY, LLC (RWC) to accept Member into the RWC Warranty Program and intending to be legally bound, the undersigned (each jointly and severally, if more than one) agrees to act as unconditional surety to RWC and to Western Pacific Mutual Insurance Company, A Risk Retention Group (WPMIC), with respect to all of Member’s duties and obligations pursuant to the foregoing Membership Agreement (Agreement), including interest due on late payments or reimbursements by Member and any costs, legal fees and expenses incurred by RWC or WPMIC in the enforcement of any of the foregoing (Member Obligations). Surety consents that RWC or WPMIC may, at its sole option, without in any way affecting Surety’s liability hereunder: (a) exchange, surrender or release any or all collateral security or any guaranty or surety held by RWC or WPMIC for any of the Member Obligations; (b) renew, extend, modify, supplement, amend, release, alter or compromise the terms of any or all of the Member Obligations; and (c) waive any of RWC or WPMIC’s rights, remedies, benefits or security against Member or any other surety.
Surety Agreement. This Private Stormwater Control Measure(s) Surety Agreement (“Agreement”), being made and entered into by and between hereinafter called “DEVELOPER,” and the City of Raleigh, a North Carolina municipal corporation organized under the laws of the State of North Carolina, hereinafter called the “CITY.” The designation DEVELOPER as used herein shall include said party, its heirs, successors, and assigns, and shall include singular, plural, masculine, feminine, or neuter as required by context.
Surety Agreement. In the event that any claim or Lien is asserted against any Vessel for loss, damage or expense which is covered by insurance hereunder and it is necessary for the Mortgagor to obtain a bond or supply other security to prevent arrest of such Vessel or to release such Vessel from arrest on account of said claim or Lien, the Mortgagee, on the Mortgagor’s Request, may, at the Mortgagee’s sole option, assign to any Person executing a surety or guaranty bond or other agreement to save or release such Vessel from such arrest, all right, title and interest of the Mortgagee in and to said insurance covering such loss, damage or expense as collateral security to indemnify against liability under said bond or other agreement.
Surety Agreement. To induce HOME OF TEXAS (HOME) to accept Member into the HOME Remodeler Limited Warranty Program and intending to be legally bound, the undersigned (each jointly and severally, if more than one) agrees to act as unconditional surety to HOME and to Warranty Underwriters Insurance Company (WUIC), with respect to all of Member’s duties and obligations pursuant to the foregoing Membership Agreement (Agreement), including interest due on late payments or reimbursements by Member and any costs, legal fees and expenses incurred by HOME or WUIC in the enforcement of any of the foregoing (Member Obligations). Surety consents that HOME or WUIC may, at its sole option, without in any way affecting Surety’s liability hereunder: (a) exchange, surrender or release any or all collateral security or any guaranty or surety held by HOME or WUIC for any of the Member Obligations; (b) renew, extend, modify, supplement, amend, release, alter or compromise the terms of any or all of the Member Obligations; and (c) waive any of HOME or WUIC’s rights, remedies, benefits or security against Member or any other surety.
Surety Agreement. For purposes of this document, the term Developer shall also include the principal named on the applicable performance guarantee. [9] State the amount of the financial instrument and/or security to be provided to the City of Raleigh. This amount shall be 1.25 x the estimated cost to construct the private stormwater control measure(s) that are listed in Exhibit A of this Private Stormwater Control Measure(s) Surety Agreement as such estimate has been approved by City of Raleigh staff. EXAMPLE Upon approval by City staff as to the form of this Agreement and related exhibits, attachments and maps, it may be executed by the Developer and formally submitted for final review and/or approval by the City. City of Raleigh Case File No. ID:
Surety Agreement. The Surety hereby binds himself to pay on behalf of the Company, to the Directors and Officers sums payable as a result of the Retention Requirement, not to exceed $250,000.00, if and to the extent that: (a) a claim is made against a Director or Directors or an Officer or Officers, which claim is insured under the Policy, and (b) the Company is required to pay all or a portion of such claim because of the Retention Requirement and (c) the Company has failed to make the Retention Payment for more than ten(10) days after written demand.
Surety Agreement. (a) The Sureties hereby, jointly and severally, guaranty and become unconditional sureties to the Creditor, its successors, endorsees and assigns for the prompt payment and performance when due (subject to applicable grace periods) of all Obligations of the Debtor as defined in the Credit Agreement.
(b) The Sureties agree that from time to time hereafter at the request of the Creditor, the Sureties will promptly execute and deliver to the Creditor a Ratification and Confirmation of this Surety Agreement in the form attached hereto as Exhibit “A.”
(c) This Surety Agreement shall be irrevocable, unconditional, continuing, effective and binding upon the Sureties as to all Obligations regardless of whether they are incurred before, on or after the date hereof and how long hereafter they are incurred or remain unpaid. This Surety Agreement shall constitute a surety agreement as well as a guarantee, and the Creditor shall have no obligation or requirement to make any demand or claim upon or institute any action or pursue or enforce any right or remedy against the Debtor or any of its assets or properties, before enforcing this Surety Agreement against the Sureties and their assets and properties. The Creditor may make demand upon the Sureties hereunder and enforce this Surety Agreement at any time and from time to time as often as desired and without limit. The Sureties’ liabilities hereunder shall be payable immediately upon demand during the continuance of an Event of Default, and such liabilities due but unpaid shall bear interest at the Default Rate (but without duplication of the Default Rate payable by the Debtor).
(d) If a claim is made upon the Creditor for repayment or recovery of any amount or amounts received by the Creditor which had the effect of reducing the liability of the Sureties hereunder and the Creditor repays all or part of such amount or amounts by reason of a judgment, decree or order of any court or administrative body having jurisdiction over the Creditor or any of its property, then and in such event, the Sureties agree that any such judgment, decree, order, settlement or compromise shall be binding upon the Sureties, whether or not this Surety Agreement shall have been terminated or canceled, and the Surety shall be and continue to remain jointly and severally liable to the Creditor hereunder to the same extent as if such amount had never originally been received by the Creditor.
Surety Agreement. As security for the due and punctual payment of the Foreign Currency Loan, Quad Systems Corporation agrees to execute and deliver to the Bank the Surety Agreement.
Surety Agreement. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions
Surety Agreement. The Landlord, in its capacity as surety under an Agreement of Surety Indemnity dated as of September 16, 2003, by execution of this Amendment hereby consents to the same.
