Bonding business definition

Bonding business or “Bail Bond Business” means solicitation, negotiation or execution of a bail bond by a bail bond surety.
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Bonding business means the business of becoming surety for compensation upon bonds in criminal cases in the State of West Virginia;
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Bonding business means the business of becoming surety for compensation upon
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Examples of Bonding business in a sentence

  • SCHEDULE 8.24 sets forth a list of the total backlog of orders with firm delivery dates of the Bonding Business as at May 3, 1999.

  • Except as set forth on SCHEDULE 8.20, there are no written and published orders, decrees, injunctions, rulings, publications, decisions, directives, consents, pronouncements or regulations of any court or governmental authority issued against or binding upon the Seller relating to the Bonding Business which materially affect, limit or control the Seller's operation of the Bonding Business.

  • Seller owns, holds or possesses all federal, state or local governmental permits, certificates, licenses, franchises, privileges, immunities, approvals and other authorizations which are necessary to entitle it to own or lease, operate and use the Bonding Assets and to carry on and conduct the Bonding Business (collectively, the "GOVERNMENTAL PERMITS"), except for such Governmental Permits which the failure to so own, hold or possess would not have a Material Adverse Effect.

  • No event or circumstance has occurred or exists (other than those events or circumstances that relate to the Purchaser) that would prohibit or prevent the reissuance to the Purchaser of any of the Licenses and Permits necessary for or material to the operation of the Bonding Business as presently conducted by the Seller.

  • There is no judgment, decree, injunction, or order of any Governmental Body or arbitrator or other similar ruling outstanding against Seller materially affecting the results of operations or financial condition of the Bonding Business.

  • Seller is not a party to any pending action or proceeding, nor, to the best knowledge of Seller, is any such action or proceeding threatened by any governmental authority for the assessment or collection of Taxes, interest, penalties, assessments or deficiencies, and no claim for assessment or collection of Taxes, interest, penalties, assessments or deficiencies has been asserted against Seller with respect to the Bonding Business or the Bonding Assets.

  • After the Closing Date, Seller and Purchaser agree that Purchaser shall collect all receivables of Seller arising from Seller's operation of the Bonding Business in the ordinary course prior to the Closing Date (the "PRE-CLOSING RECEIVABLES"), as agent of Seller, and without any liability by reason of so acting.

  • From and after the Closing Date, Seller agrees that it will not, nor will it permit any of its respective Affiliates to, make use of, divulge or disclose to any third party (other than the Purchaser or any agent or employee of the Purchaser) any information of any proprietary, secret or confidential nature related to the Bonding Business.

  • Purchaser will apply for and retain in full force and effect all permits, certificates of occupancy and licenses required to operate the Bonding Business.

  • The execution and delivery of this Agreement by Elemetal and the consummation by Elemetal of the transactions contemplated hereby have been duly authorized by all necessary action on the part of Elemetal and no additional proceedings are necessary to authorize this Agreement or the transactions contemplated hereby.


More Definitions of Bonding business

Bonding business means the business of becoming surety
Sample 1
Bonding business means the occupation in which a bondsman is engaged.
Sample 1
Bonding business means the solicitation, negotiation, or execution of a bail bond surety.
Sample 1
Bonding business shall have the meaning set forth in the Recitals.
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Related to Bonding business

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • Competing Business means any person or entity that competes with the Company Group in the sale, marketing, production, distribution, research or development of Competing Products in the same markets.

  • Core Business means any of the Licensor’s public sector activity, excluding any Commercial Activity and Competing Activity.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Company Business means the business of the Company as presently conducted.

  • Active business operations means all business operations that are not inactive business operations.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Subject Business means the policy or policies that are

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Separate Business means each of the activities of the Licensee connected

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.