Agreement to Bond definition

Agreement to Bond means a letter or other form issued by a bonding agency licensed to operate by the Government of Canada or the Province of Ontario advising that, if the Bidder is successful, the bonding agency will issue the required bonds;

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Agreement to Bond means an insurance agreement by which a third party (a surety) guarantees that if a Contract is awarded to the Bidder, the Bidder is capable of furnishing Bonds as required;

Agreement to Bond means a letter of form issued by a licensed bonding agency advising that, if the bidder is successful, the bonding agency will issue required bonds.

Examples of Agreement to Bond in a sentence

The Surety shall sign and affix its corporate seal on the Bid Bond and the Agreement to Bond.
Each tender shall include a completed Form of Tender, on the forms provided, Statements A to C inclusive and an Agreement to Bond, all as included herein and a tender deposit as required herein, together with any further forms or sheets which the Tenderer is instructed elsewhere herein, or in any addendum hereto, to submit with his/her tender.
The Tenderer shall include with his/her tender the Agreement to Bond in the form enclosed herewith executed under its corporation seal by the surety company from which he/she proposes to obtain the required bonds.
I) The first envelope shall contain: * "Agreement to Bond", duly signed and sealed (no copies or facsimiles will be accepted).
An "Agreement to Bond" forms part of the tender documents and is to be completed by the Bonding Company for inclusion in the tender documents.
The Tenderer shall include with his Tender the Agreement to Bond in the form enclosed herewith, executed under its corporate seal by the Surety Company from which he proposes to obtain the Performance and Payment Bonds.
These funds will be kept on hand to fulfill the commitment of the Agreement to Bond / Performance Bond/Labour and Material Payment Bond.
An original Agreement to ▇▇▇▇ form ensuring that a performance bond and a labour and materials payment bond can be supplied constitutes part of the tender and the Bidder must complete, sign, execute and return an original Agreement to Bond with the tender documents in the tendering envelope.
The tenderer shall include with his/her tender the Agreement to Bond in the form enclosed herewith executed under its corporation seal by the surety company from which he/she proposes to obtain the required bonds.
B10.1.4 The Surety shall sign and affix its corporate seal on the Bid Bond and the Agreement to Bond.

More Definitions of Agreement to Bond

Agreement to Bond means the agreement to bond set forth in Appendix H. “Alternative Option” shall have the meaning set forth in Section 4.4.

Agreement to Bond means a written assurance issued by a Surety Company that provides further protection to the County beyond that given by just a Bid Bond. The company agrees to furnish a Performance Bond and if required a Labour and Material Bond, on behalf of the vendor if they are awarded the contract.

Agreement to Bond means the agreement to bond set forth in Appendix H.

Agreement to Bond means a letter or form issued by a licensed bonding agency advising that, if the Proponent is successful, the bonding agency will issue required bond(s).

Agreement to Bond means a is a legal commitment issued by a bonding agency licensed to operate by the Government of Canada or the Province of Ontario, confirming to the project owner that should the contractor be awarded the job and execute the contract, the surety will provide the performance and/or payment bonds as per the terms outlined in the consent of surety;

Agreement to Bond means a bond issued by a surety company that ensures that if the contractor is awarded the job and signs the contract, the surety will provide the performance bond and labour and material payment bond required in order to commence with the project;