Examples of Existing Bond in a sentence
Should such consent not be obtained, or should the Existing Bond Holder decline for any reason, then this agreement shall lapse and be null and void.
Insofar as may be required in law this sale and the terms and conditions hereof are subject to all necessary consents being obtained from the Existing Bond Holder, this sale is subject to such consent.
Insofar as may be required in law this sale and the terms and conditions hereof are subject to all necessary consents being obtained from the Master of the Supreme Court, the Existing Bond Holder and the Business Rescuer / Liquidator, this sale is subject to such consent.
Should such consent not be obtained, or should the Master of the Supreme Court, the Existing Bond Holder and the Business Rescuer / Liquidator decline for any reason, then this agreement shall lapse and be null and void.
Upon satisfaction of all conditions precedent set forth in Section 3.01 and in clauses (i) and (ii) of Section 3.02, all such Existing Bond Letters of Credit shall be deemed to be “Bond Letters of Credit” and “Letters of Credit” issued by the respective LC Issuing Banks as shown on Schedule III pursuant to this Section 2.04 on the date of this Agreement for all purposes of this Agreement and the other Loan Documents.