Bonded Contracts definition

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
Bonded Contracts has the meaning specified in Section 7.01(q).
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.

  • Any failure to use the loans or advances, in whole or in part, for performance of obligations under such Bonds or Bonded Contracts shall not be a defense to Indemnitors’ duty to indemnify Surety for such loans or advances.

  • BHSI’s advances to the Debtor are secured by, inter alia, first priority liens on the BHSI Bonded Contracts and their proceeds, and junior liens on substantially all of the Debtor’s other assets.

  • Many Bonded Contracts and Bonds provide for such waivers of suretyship defenses or provide the Surety’s consent to a waiver of such defenses and the discharge of the Surety under the Bond.

  • The work performed by the Debtor and the subcontractors under the Bonded Contracts has been ongoing.

  • After payment in full of the Class 2A Claim, the holder of the Class 2B Claim shall receive all proceeds of the Travelers Collateral, subject to the Intercreditor Agreements, including proceeds of the Travelers Bonded Contracts and Travelers Claims, until such time as the Class 2B Claim is paid in full.

  • Indemnitors agree and expressly declare that all funds due or to become due under the Bonded Contracts are trust funds, whether in possession of Indemnitors or another, for the benefit and the payment of all Persons to whom Indemnitors incur obligations in the performance of the Bonded Contracts, for which Surety is or may be liable under the Bonds.

  • 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.

  • All proceeds of non-federal Travelers Bonded Contracts and certain advances made by Travelers, are deposited into a lock-box account at PNC Bank, set up in the name of Matson, Driscoll & Damico, LLP, as agent for Travelers (the “Lock-Box Account”).

  • 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 means contracts pursuant to which a non-affiliated third party provides material services, Intellectual Property, Software or benefits to Seller or one or more of its Affiliates (including the Acquired Companies) in respect of both the Business and any other business of Seller and its Affiliates (other than the Acquired Companies).

  • 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 means all contracts, agreements, leases, software licenses, rights, obligations or other commitments of the Company that (a) arise out of or are related exclusively to any business or operation of the Company other than the Business, or (b) arise out of or are related in any way to the Business and which, in the case of both clauses (a) and (b) herein, are not Transferred Contracts.

  • 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 (i) relating to the Business under which Seller has or may acquire any rights or benefits, (ii) relating to the Business under which Seller has or may become subject to any obligation or Liability or (iii) by which any of the Purchased Assets or Assumed Liabilities is or may become bound.

  • 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:

  • 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; provided that SpinCo Contracts shall not include (x) any contract or agreement that is contemplated to be retained by Parent or any member of the Parent Group from and after the Effective Time pursuant to any provision of this Agreement or any Ancillary Agreement or (y) any contract or agreement that would constitute SpinCo Software or SpinCo Technology:

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • 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 means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.