Surety’s Obligations. Surety’s obligations are co-extensive with Contractor’s obligations under the Contract. If Contractor fully performs its obligations under the Contract, including its warranty obligations under the Contract, Surety’s obligations under this Bond will become null and void. Otherwise, Surety’s obligations will remain in full force and effect.
Surety’s Obligations. 21.1 IF the Owner and Developer at any time fails to perform or observe any of the conditions stipulations or obligations on his part contained in this Agreement or if a receiving order in bankruptcy is made in respect of the Owner and Developer’s estate or if the Owner and Developer is being wound up or if the Owner and Developer enters into a composition or scheme of arrangement (otherwise than for the purposes of reconstruction or amalgamation) the Director may without prejudice to any statutory rights or powers or any other right claim remedy under this Agreement by sending to the Surety notice in writing (hereinafter referred to as the “Default Notice”)
Surety’s Obligations. 21.1 If any of the default events listed in clause 31 occur, the Assistant Director Legal Services may, without affecting any statutory rights or powers or any other right, claim, or remedy under this agreement for such non-performance or non-observance, give to the Surety a Default Notice:
Surety’s Obligations. 23.1 If any of the default events listed in clause 33 (Default Events) occur, the Head of Legal Services may, without affecting any statutory rights or powers or any other right, claim, or remedy under this agreement for such non- performance or non-observance, give to the Surety a Default Notice:
Surety’s Obligations. The Surety’s obligations under this agreement shall remain in full force and effect until such time as the Administering Authority certifies that all costs, charges, liabilities and debts arising under, through or from the Transferee Admission Body’s participation in the Fund as detailed in the Admission Agreement shall be deemed to have been met in full and discharged accordingly by the Transferee Admission Body or by the Surety having satisfied and discharged the damages or other sums due from the Transferee Admission Body arising therefrom (together with any recoverable costs and statutory interest) up to the amount of the Secured Amount.
Surety’s Obligations. 22.1 IF the Developer at any time fails to perform or observe any of the conditions stipulations or obligations on his part contained in this Agreement or if a receiving order in bankruptcy is made in respect of the Developer’s estate or if the Developer is being wound up or if the Developer enters into a composition or scheme of arrangement (otherwise than for the purposes of reconstruction or amalgamation) the Director may without prejudice to any statutory rights or powers or any other right claim remedy under this Agreement by sending to the Surety notice in writing (hereinafter referred to as the “Default Notice”)
Surety’s Obligations. When Owner has satisfied the conditions of Section 4.1, the Surety shall promptly take one of the following actions, at the Surety's expense:
Surety’s Obligations. When a Claimant has satisfied the conditions of Section 5.1, the Surety shall promptly take the following actions at the Surety's expense:
Surety’s Obligations. When a Claimant has satisfied the conditions of Section 3, the Surety shall promptly take the following actions at the Surety's expense:
Surety’s Obligations. If there are no Obligee Defaults under the Lease Co-Guarantee Agreement, the Surety's obligations under this Bond only arise after: (i) the Obligee provides notice of a Principal Default, in accordance with applicable law and the Lease Co-Guarantee Agreement and
