Bond Amount definition

Bond Amount means the amount specified in Annexure 1.
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Bond Amount. [[ ] pounds sterling (£)] or such other amount as may from time to time be amended by an Extension Notice;
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Bond Amount means the amount of bonds (“the Bonds”) to be issued by the City Bodies in the approximate amount of Six Million Three Hundred Thousand Dollars ($6,300,000) as further described in Section 2a below.
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Examples of Bond Amount in a sentence

  • The Provider is to comply with its obligations under the Residential Tenancies Act regarding the Bond Amount (including receipt and lodging requirements).

  • Furthermore, the cost of completion of the Improvements shall include reimbursement to the City for all costs, including construction costs and any Incidental Costs incurred by the City, in completing the Improvements and/or obtaining the Bond Amount.

  • Should the City elect to complete or remedy the Improvements, Applicant shall indemnify, defend, and hold harmless the City from and against any liability which exceeds the Bond Amount for the payment of any labor or material lien as a result of any work of any contractor (including subcontractors and materialmen of any such contractor or agent) hired by City or which may arise due to either a defect in or failure of this Agreement or insufficient Bond Amount to cover such costs.

  • If the Bond Amount is inadequate to pay the cost of the completion of the Improvements according to City standards, for whatever reason, including previous reductions, or any other item for which the Bond Amount may be utilized, the Applicant shall be responsible for the deficiency independent of the performance guarantees set forth in this Agreement.

  • The City, at its option, may collect and expend the Bond Amount to make the premium payments should Applicant fail to pay the premium.


More Definitions of Bond Amount

Bond Amount is defined in Clause 6.1.
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Bond Amount shall include the Applicant’s estimated cost to construct the Improvements, together with a reasonable contingency of 20% of said cost, intended to cover the costs of inflation and unforeseen conditions or other circumstances.
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Bond Amount means the amount referred to in clause 8 of Annex 1;
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Bond Amount means the sum of £ [insert details] [10% of the Contract Sum].
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Bond Amount means the amount of a Bond required to be posted under section 2.6.1(a)(1) or section 2.6.5.
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Bond Amount means [insert maximum amount of bond].
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Bond Amount has the meaning set forth in Section 8.1(g)(i).
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