Examples of Bond Rights in a sentence
The undersigned does hereby release all claims, Mechanic's Liens Rights, Miller Act Claims (40 USCA 270), Stop Notice, Equitable Liens and Labor and Material Bond Rights resulting from labor and/or materials, subcontract work, equipment or other work, rents, services or supplies heretofore furnished in and for the construction, design, improvement, alteration, additions to or repair of the above described Work.
If such transferor Bondholder(s) is not a Qualified Bondholder, the Bond Rights shall be vested in the previous transferor Bondholder(s) who is a Qualified Bondholder.
In case of such transfer, the Bond Rights will be vested in the transferee of the Bonds.
In this regard, the Bond Rights shall be vested in a Bondholder(s) who has transferred the Bonds to the Non-Qualified Person and who is qualified as a Qualified Investor (the "Qualified Bondholder").
The undersigned does hereby release all claims, Mechanic’s Liens Rights, Miller Act Claims (40 USCA 270), Stop Notice, Equitable Liens and Labor and Material Bond Rights resulting from labor and/or materials, subcontract work, equipment or other work, rents, services or supplies heretofore furnished in and for the construction, design, improvement, alteration, additions to or repair of the above described Work.
A transferee in respect of such transfer (i.e. the Non-Qualified Person) shall not be registered as a Bondholder and shall not be entitled to any Bond Rights.
For Bonds that are deposited with TSD, the Bond Rights are, subject to Condition 4.3 (b), vested in the Qualified Investors (as defined in Condition 4.3 (a)) whose names are listed with TSD as the owners of such Bonds at the end of business hours of the Registrar on the Record Date, as notified in writing by TSD to the Registrar, except in a case where an objection is duly made according to the law.
For Bonds that are not deposited with TSD, the Bond Rights are, subject to Condition 4.3 (b), vested in the Qualified Investors (as defined in Condition 4.3 (a)) whose names are registered in the Register Book as the owners of such Bonds at the end of business hours of the Registrar on the Record Date, unless a transfer of the Bonds has occurred prior to the relevant Record Date and such transfer is effective against the Issuer in accordance with Conditions 4.1 (a) - (c).
Transfer of Bonds in violation of the Bond transfer restrictionsIf any transfer of the Bonds deposited with TSD in the scriptless system is made in violation of the transfer restriction specified in Condition 4.3 (a) above, a transferee in respect of such transfer (i.e. any person who is not qualified as a Qualified Investor, (the " Non-Qualified Person")) shall not be recorded as a Bondholder and shall not be entitled to any Bond Rights.
The Contractor shall issue a “Waiver and Release of Lien and Payment Bond Rights Upon Interim Payment” and a “Waiver and Release of Lien and Payment Bond Rights upon Final Payment” provided by the Authority before receiving any interim or final payment for any Services.