Bonded Contracts definition

Bonded Contracts has the meaning specified in Section 7.01(q).
Sample 1Sample 2
Bonded Contracts is as defined in Section 13.5(b).
Sample 1Sample 2
Bonded Contracts as defined in Section 7.3(s).
Sample 1Sample 2

Examples of Bonded Contracts in a sentence

  • BHSI shall retain the right to remove the Reorganized Debtor from any of the projects associated with the BHSI Bonded Contracts for any or no reason, in BHSI's sole and absolute discretion, and to utilize any and all acknowledgments of default takeover, tender, assign, or arrange for the completion of the same through a completing contractor, in BHSI’s sole and absolute discretion.

  • Lender Agent agrees that it will not perfect any security interest in any Bonded Contracts, Accounts, Bonded Contract Balances, and other items of Surety Priority Collateral that may be governed or effected by the Contracts Dispute Act, 41 U.S.C. §601 et.

  • Furthermore, the rights and remedies available to Travelers under the Travelers DIP Documents, including, but not limited to, Travelers' right to utilize any and all acknowledgments of default, takeover, tender, assign, or arrange for the completion of any of the projects associated with the Travelers Bonded Contracts, and prosecute, defend, settle, etc.

  • Principal agrees to first use any Bonded Contract Balances generated by Bonded Contracts to pay valid labor, materials, and any other costs or expenses incurred when due in connection with the performance of the Bonded Contracts.

  • As to each Surety (other than Chubb and Sure Tec) Agent shall be satisfied, in its sole discretion, that the priority and scope of the rights of such Surety in connection with the Chapter 11 Case and Borrowers, including, without limitation, such Surety’s rights as a Lien holder, subrogee, trust fund beneficiary, or otherwise under applicable law, and the application and receipt of proceeds of Bonded Contracts, is acceptable to Agent.

  • The Trust Account serves as the vehicle for payment of subcontractors and suppliers on the Travelers Bonded Contracts.

  • Surety and Indemnitors further agree that Surety will have a claim to the proceeds arising from such Bonded Contracts, and said claim will have priority over all expenses of the kind specified or ordered pursuant to Sections 105, 326, 330, 331, 503(b), 503(c), 507(a), 507(b), 546(c), or 726 of the Bankruptcy Code, and will also have priority over any other priority claims.

  • Upon the earlier of (1) completion of all of the Travelers Bonded Contracts, and (2) default by the Reorganized Debtor under the terms of the Plan, amounts remaining due on the Class 2A Claim, if any, shall become immediately due and payable in full in cash by the Reorganized Debtor.

  • Lender Agent hereby recognizes Surety’s right to use, at no cost to Surety, the Licensed Property, subject to the terms of the license, and agrees that any action taken by Lender Agent with respect to the Licensed Property will be subject to all of the rights of Surety to use the Licensed Property to complete the Bonded Contracts in accordance with the terms of the license.

  • Travelers shall retain the right to remove the Reorganized Debtor from any of the projects associated with the Travelers Bonded Contracts for any or no reason, in Travelers' sole and absolute discretion, and to utilize any and all acknowledgments of default takeover, tender, assign, or arrange for the completion of the same through a completing contractor, in Travelers’ sole and absolute discretion.


More Definitions of Bonded Contracts

Bonded Contracts means agreements by Borrower for the purchase of goods or rendition of services in the ordinary course of business, for which a Surety has any liability for any payments or performance by Borrower owing to an Account Debtor pursuant to a bond, indemnity, guarantee, contract of suretyship, other instrument or otherwise.
Sample 1
Bonded Contracts means the general contract and any construction contract separate from the general contract that is for $100,000 or more. The bonds shall state that they are conditioned to secure the completion of the work under the Bonded Contracts, free from all liens and claims of contractors, subcontractors, mechanics, laborers, and material suppliers; and that the construction work shall be completed in accordance with the terms of the respective Bonded Contract by the contractor thereunder, or, on its default, the surety.
Sample 1
Bonded Contracts means the collective reference to all Bonded Contracts.
Sample 1

Related to Bonded Contracts

  • Excluded Contracts has the meaning set forth in Section 2.02(a).

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Excluded Contract means, at any date, any rights or interest of the Borrower or any Guarantor under any agreement, contract, license, instrument, document or other general intangible (referred to solely for purposes of this definition as a “Contract”) to the extent that such Contract by the terms of a restriction in favor of a Person who is not the Borrower or any Guarantor, or any requirement of law, prohibits, or requires any consent or establishes any other condition for or would terminate because of an assignment thereof or a grant of a security interest therein by the Borrower or a Guarantor; provided that (i) rights under any such Contract otherwise constituting an Excluded Contract by virtue of this definition shall be included in the Collateral to the extent permitted thereby or by Section 9-406 or Section 9-408 of the Uniform Commercial Code and (ii) all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment of such Contract and all rights to receive such proceeds shall be included in the Collateral.

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Retained Contracts shall have the meaning set forth in Section 1.2(i).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Insured contract means any written: a. leases of premises; b. easement agreements, except those concerning construction or demolition operations abutting railroad property; c. obligation to insure a municipality as required by law or ordinance, except in connection with work for the municipality; d. sidetrack agreements; or e. elevator maintenance agreements.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);

  • SpinCo Contracts means the following contracts and agreements to which either Party or any member of its Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing:

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Assigned Contract shall have the meaning set forth in Section 1.1(b).

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Seller Liens shall have the meaning set forth in Section 4.3.

  • Intellectual Property Contracts means all agreements concerning Intellectual Property, including without limitation license agreements, technology consulting agreements, confidentiality agreements, co-existence agreements, consent agreements and non-assertion agreements.

  • Assumed Contract has the meaning set forth in Section 2.1(b)(iv).