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. 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. 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. 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. 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. [5] State the property identification number (PIN) for the property as assigned by Wake County or Durham County, as the case may be. [6] State the County Register of Deeds book and page number of the deed that describes the subject property, followed by “Wake” or “Durham” as the case may be. [7] Estimated cost of construction as approved by City of Raleigh staff. [8] Reserved for future use. [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. [10]State the official contact information for Developer, including contact name, title, full street address, phone number and E-mail address. [11]For signature execution using digital certificate technologies (e.g., DocuSign, etc.) that have been authorized for use by the City, state the E-mail address of the person who is legally authorized to bind DEVELOPER to the terms of this Agreement. EXAMPLE Exhibit A. List private stormwater control measure(s) to be installed. Exhibit B. Developer must provide Construction Estimates for each private stormwater control measure and the overall construction estimate for all of the private stormwater control measure(s) to be constructed. Exhibit C. List which lot(s) are served by which stormwater control measure(s). List out each lot number including PIN. Exhibit D. Developer must provide City staff with copies of Performance Guarantees, which will be attached to the executed Agreement. 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: City of Raleigh
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.
Surety Agreement. 69 ARTICLE 26 -
Surety Agreement. Any agreement between any insurance, surety, bonding or similar entity (a "surety") and any Borrower, pursuant to which, among other things, such Borrower agrees to indemnify and reimburse the surety for any and all costs and expenses incurred by such surety in connection with its performance of any bonding or similar arrangement on behalf of such Borrower.
Surety Agreement. As security for Cogenron's performance under this Agreement, Enron Corporation, the former parent corporation of Enron/Dominion Cogen Corp., executed, contemporaneously with the execution of the June 12, 1985 agreement, a surety agreement of the same date (as previously amended, modified or otherwise supplemented). Calpine Corporation (as successor to Enron) and Enron, together with TU Electric, also executed that Consent and Assignment Agreement dated August 23, 1997 setting forth the respective obligation of Calpine and Enron. By its execution below, Enron Corporation hereby consents to this amendment and restatement of the original June 12, 1985 Agreement, as previously amended and as further amended herein.
