Bond Insurance definition

Bond Insurance means, at any time as applicable, any bond insurance policy, including the Initial Financial Guaranty Insurance Policy issued by Ambac Assurance Corporation and effective as of the date of delivery of the Bonds, securing the payment of principal of the Bonds on the stated maturity date thereof and the payment of interest on the Bonds on each Interest Payment Date therefor, delivered pursuant to and meeting the requirements of Section 5.16 of the Agreement.

Bond Insurance means any bond insurance policy guaranteeing the payment when due of all or part of the Principal of and interest on any Parity Bonds.

Bond Insurance means any bond insurance, letter of credit, guaranty, surety bond or similar credit enhancement device providing for or securing the payment of all or part of the principal of and interest on any Parity Bonds.

Examples of Bond Insurance in a sentence

• The Designated Port Representative may solicit proposals from municipal bond insurance companies, and the Designated Port Representative, in consultation with the Port’s financial advisor, is hereby authorized to select the proposal that is deemed to be the most cost effective and further to execute the Bond Insurance Commitment with the Bond Insurer, which may include such covenants and conditions as shall be approved by the Designated Port Representative.

• Bond, Insurance, and Tax.THE ENTIRE TEXT IS CHANGED TO: For bond premiums; property damage, liability, and, workers compensation insurance premiums; unemployment insurance contributions; and social security taxes during the period of delay, the Contractor is to receive the actual incremental cost thereof, necessarily and directly resulting from the delay.

• The Bidder promises, in submitting his Bid, that if issued a Notice of Award, he will, within the prescribed time, execute the required Agreement, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance Policy and Certificates of Insurance, or forfeit his Bid Guaranty as Liquidated Damages.

• In addition, by regulation of the Division, municipalities are allowed to deposit funds in the Municipal Bond Insurance Association (MBIA) through their investment management company, the Municipal Investors Service Corporation.

• For the avoidance of doubt, this Section III.D.3 shall not affect or limit the application of section 509 of the Bankruptcy Code or any similar doctrine to Bond Insurance Policy Claims.

More Definitions of Bond Insurance

Bond Insurance means, at any time as applicable, any bond insurance policy securing the payment of principal of the Bonds on the stated maturity date thereof and the

Bond Insurance. Any financial guaranty insurance policy covering any Bonds or Class of Bonds of any Series.

Bond Insurance means a policy of municipal bond insurance, if any, purchased to provide security for the Bonds, or any portion thereof, and delivered on the Closing Date.

Bond Insurance means with respect to any Series of Bonds, the municipal bond insurance policy (if any) identified in a Supplemental Resolution.

Bond Insurance means, with respect to the Series 2014 Bonds, an insurance policy that, if determined pursuant to the Bond Proceedings to be necessary or desirable for marketing purposes, is issued by a Bond Insurer for the benefit of the holders of the Series 2014 Bonds and that insures the payment when due of all or any portion of Bond Service Charges on the Series 2014 Bonds.

Bond Insurance means a financial guarantee purchased by NEORSD or the Underwriter to make timely payment of principal and interest by the Bond Insurer in the event that NEORSD is unable to do so.

Bond Insurance means a policy or policies of insurance insuring the payment of the principal of and interest on any Series of Bonds.