Bid Guaranty definition

Bid Guaranty means a bid bond or other instrument of security authorized by ORC Section 153.54 submitted with the Bid to provide assurance that the Bidder will execute the Agreement.
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Bid Guaranty. A cashiers or certified check in the amount of five (5%) percent of the total bid, payable to the San Antonio River Authority, or an acceptable bid bond for the same, as a guarantee that the bidder will enter into a contract and furnish all required bonds within a specific time. Bonds: Bid, performance, payment and maintenance bonds and other instruments of security.
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Bid Guaranty means all the guaranties issued for the purpose to participate in the bid (bid insurance).
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Examples of Bid Guaranty in a sentence

  • Prior to Construction • Bid Guaranty (p.IB-1) Submitted: • Contract Agreement Submitted: • Performance Bond (p.

  • Most of the contractor, surety, and surety agent information will be included on the Bid Form and Bid Guaranty documents.

  • Failure of the bidder to whom the Contract is awarded to execute the Agreement and file acceptable bonds shall be just cause for the forfeiture of the Bid Guaranty and may constitute a material breach of this Contract.

  • If a Notice of Award is not sent within 30 days of receipt of the proper bonds and insurance, the Apparent Successful Bidder may withdraw its Bid without forfeiture of its Bid Guaranty or Bidding eligibility.

  • In order to be acceptable to the County, a Surety Company issuing Evidence of Bondability, Bid Guaranty Bonds or 100% Public Payment and Performance Bonds or Letters of Credit called for herein shall meet and comply with the minimum standards set forth in as part of the Contract Documents.

  • Prior to Construction  Bid Guaranty (p.IB-1) Submitted:  Contract Agreement Submitted:  Performance Bond (p.

  • The Bid Guaranty shall be in the form of a bond in the sum of 10 percent (10%) of the amount of the bid, or a certified check, cashier's check, or letter of credit payable to the Owner in the sum of ten percent (10%) of the total amount of the bid.

  • The requirement of the Bid Guaranty is to ensure that the Bidder will promptly execute the Contract in accordance with the Advertisement and in the manner and form required by the Contract Documents and that the Bidder will furnish good and sufficient Contract Bonds and required insurance.

  • Failure of the bidder to whom the Contract is awarded to execute the Agreement and file acceptable bonds as provided herein shall be just cause for the forfeiture of the Bid Guaranty and may constitute a material breach of this Contract.

  • The Bid Guaranty and Contract Bond must be issued by a Surety which has a Best’s rating of “A” or better with a financial class of “VIII” or better and which is authorized by the State Department of Insurance to transact business in Ohio.


More Definitions of Bid Guaranty

Bid Guaranty means the bid bond, certified check or cashier's check submitted as part of the bid proposal, payable to the Borough of Keyport, which shall insure that the successful bidder will enter into the Lease Agreement for the operation of the charter fishing and party boat service.
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Bid Guaranty. Not less than five percent (5%) of the Total Bid Price. Bid Documents Electronic copies of the plans, specifications, reference documents, and any addenda for this solicitation are available on the King County Procurement website shown below. Printed documents may be ordered from United Reprographics at 000-000-0000. Copies of documents are not available for purchase from King County, but are available for review 8:00 a.m. – 5:00 p.m. M thru F at the Contracts Counter: Chinook Bldg, 3rd Floor, 000 Xxxxx Xxxxxx Xxxxxxx, XX 00000. C01072C17 page 3 of 3 §00020 Rev. 12/29/2015 Invitation to Bid To receive email notifications of addenda or other important information concerning this solicitation, you must register to be a planholder under the “Solicitations” tab at the following link: xxxxx://xxxxxxxxxxx.xxxxxxxxxx.xxx/procurement_ovr/login.aspx?ReturnUrl=%2fprocurement_o vr%2fdefault.aspx This information is available in alternate formats for individuals with disabilities upon advance request by calling 000-000-0000, TTY Relay: 711. Note: Bids received after Sealed Bid Time will not be considered. Bidders accept all risks of late delivery, regardless of fault. King County is not responsible for any costs incurred in response to this Invitation to Bid. END OF SECTION xxxxx://xxxxxxxxxxx.xxxxxxxxxx.xxx/procurement_ovr/login.aspx?ReturnUrl=%2fprocurement_ovr%2fdefault.aspx xxxxx://xxxxxxxxxxx.xxxxxxxxxx.xxx/procurement_ovr/login.aspx?ReturnUrl=%2fprocurement_ovr%2fdefault.aspx C01072C17 page i of i §00100 Rev 05/12/2017 Instructions to Bidders SECTION 00100 INSTRUCTIONS TO BIDDERS
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Related to Bid Guaranty

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Limited Guaranty With respect to any Series (or Class within such Series), any guarantee of, or insurance policy or other comparable form of credit enhancement with respect to, amounts required to be distributed in respect of such Series (or Class) or payments under all or certain of the Underlying Securities relating to such Series or Class, executed and delivered by a Limited Guarantor in favor of the Trustee, for the benefit of the Certificateholders, as specified in the related Supplement.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Guaranty Agreement means a supplemental indenture, in a form satisfactory to the Trustee, pursuant to which a Subsidiary Guarantor guarantees the Company’s obligations with respect to the Securities on the terms provided for in this Indenture.

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • U.S. Guaranty means (a) the guaranty made by the Parent Borrower, Holdings and the other Guarantors in favor of the Administrative Agent on behalf of the Secured Parties pursuant to clause (b)(i) and (iii) of the definition of “Collateral and Guarantee Requirement,” substantially in the form of Exhibit F-1 and (b) each other guaranty and guaranty supplement delivered pursuant to Section 6.11(a)(i).

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Seller Guaranty has the meaning set forth in Section 3.01.

  • Canadian Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in Canada, and meets all of the provisions of Tariff, Attachment Q.

  • Guaranty Joinder Agreement means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Subsidiary to Administrative Agent pursuant to Section 6.14.

  • Foreign Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in a foreign country, and meets all of the provisions of Tariff, Attachment Q. Form 715 Planning Criteria: “Form 715 Planning Criteria” shall have the same meaning provided in the Operating Agreement.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Guaranty Agreements means, collectively, the Parent Guaranty Agreements and the Subsidiary Guaranty Agreements.

  • Completion Guaranty means the Completion Guaranty of even date herewith executed by Guarantor in favor of Lender in connection with the Capital Improvement Work and the Loan, as amended from time to time.

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Obligation Guaranty means any Guarantee of all or any portion of the Secured Obligations executed and delivered to the Administrative Agent for the benefit of the Secured Parties by a guarantor who is not a Loan Party.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Company Guaranty means the Company Guaranty made by the Company in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit F.

  • Borrower Joinder Agreement means a Borrower Joinder Agreement substantially in the form of Exhibit B-1.

  • Guarantee Assumption Agreement means a Guarantee Assumption Agreement substantially in the form of Exhibit A by an entity that, pursuant to Section 8.12(a), is required to become a “Subsidiary Guarantor” hereunder in favor of the Lenders.

  • Lender Joinder Agreement as defined in Subsection 2.8(c).

  • Subsidiary Joinder Agreement means a joinder to this Agreement, substantially in the form of Exhibit C.

  • Specified Guarantor means any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 11.12).

  • Guarantor Joinder Agreement means a guarantor joinder agreement substantially in the form of Exhibit 7.14 delivered by a Domestic Subsidiary of the Borrower pursuant to Section 7.14.