Contract Bonds definition
Contract Bonds means Bonds which are to be acquired by a Trust pursuant to contracts, including (i) Bonds listed in Schedule A to the Trust Agreement and (ii) Bonds which the Depositor has contracted to purchase for the Trust pursuant to Section 3.14 hereof.
Contract Bonds means Bonds which are to be acquired by the Trust pursuant to contracts, including (i) Bonds listed in the Schedule to the Reference Trust Agreement and (ii) Bonds which the Depositor has contracted to purchase for the Trust pursuant to Section 3.14.
Examples of Contract Bonds in a sentence
The Contract Bonds are not being furnished to cover the performance of any Professional Services, including any energy guaranty or guaranteed savings under this Contract, nor to cover any equipment and/or material manufacturer’s warranty or other third-party warranty being assigned to County.
The Contract Bonds shall be maintained in full force and effect until Final Completion; provided that upon the achievement of Substantial Completion, the value of the Contract Bonds shall be reduced to the value of the Retainage being withheld by County.
County agrees that upon Final Completion and expiration of the ENGIE Services U.S. Warranty period set forth in Article 9 herein, the Contract Bonds shall be returned to ENGIE Services U.S., and all obligations arising thereunder are terminated and the surety company that issued the bond is forever discharged from any and all liabilities of whatever nature arising in connection with the Contract Bonds.
More Definitions of Contract Bonds
Contract Bonds means performance bonds (or functional equivalent such as supply bonds) to
Contract Bonds is defined in Section 11.04 hereof.
Contract Bonds means an undertaking, guarantee, or indemnity of a financial institution or insurer in support of obligations from an Exporting Enterprise under one or more contracts for the export of goods and/or services under the Exporter Performance Insurance Facility (as hereinafter defined) under Part C of the Project;
Contract Bonds means the approved form of securities, executed by the Contractor and its Surety or Sureties, guaranteeing complete execution of the Contract and all supplemental agreements pertaining thereto, and the payment of all legal debts pertaining to the construction of the project.
Contract Bonds means undertaking, guarantee or indemnity of financial institutions in support of obligations under contracts for export of goods and services under the Export Performance Support Facility;
Contract Bonds means Bonds which are to be acquired by a Trust pursuant to contracts, including (i) Bonds listed in Schedule A to the Trust Agreement and (ii) Bonds which the Depositor has contracted to purchase for the Trust pursuant to Section 3.14 hereof. (8) "Trust" shall mean any one of the separate trusts created by the Trust Agreement, which shall consist of the Bonds held pursuant and subject to the Indenture together with all undistributed interest received or accrued thereon, any undistributed cash realized from the sale, redemption, liquidation, or maturity thereof or the proceeds of insurance received in respect thereof. Such amounts as may be on deposit in the Reserve Account hereinafter established shall be excluded from the Trust. (9) "Trust Agreement" shall mean the Trust Agreement for the particular series of the Fund into which these Standard Terms and Conditions is incorporated. (10) "Insurance" shall mean one or more contracts or policies of insurance obtained by the Trust guaranteeing the payment when due of the principal of and interest on the Bonds held pursuant and subject to this Indenture, together with the proceeds, if any, thereof payable to or received by the Trustee for the benefit of the Trust and the Unitholders thereof except that Insurance shall not include those Bonds held pursuant and subject to this Indenture which are insured by individual policies of insurance which have been obtained by the issuers of such Bonds (the "Pre- Insured Bonds"). All references herein relating to Insurance shall apply exclusively to Insured Corporate Series. (11) "Insurer" shall mean AMBAC Indemnity Corporation and/or Capital Markets Assurance Corporation ("CAPMAC"), their respective successors and assigns, having its principal office in New York, New York, or any other insurer named in the Prospectus for a Trust, which has issued the contract or policy of insurance obtained by the Trust protecting the Trust and the Unitholders thereof against nonpayment when due of the principal of and interest on the Bonds (except for Pre-Insured Bonds or U.S. Treasury Obligations) held by the Trustee as part of the Trust. All references to an Insurer shall apply exclusively to Insured Corporate Series. (12) "Units" shall mean the fractional undivided interest in and ownership of the Trust equal initially to the fraction specified in the Trust Agreement, the denominator of which shall be decreased by the number of any such Units redeemed as provided in Section 5.02. (13...