Governmental Bond definition
Examples of Governmental Bond in a sentence
Buyer will provide to Shell appropriate evidence that the Governmental Bond has been obtained and has been filed with the MMS in accordance with Applicable Laws, to guarantee Buyer's performance and payment of the Abandonment Obligations.
Buyer shall post with the MMS one or more performance bonds, a letter of credit, in form and substance satisfactory to Aera, a cash deposit, U.S. Treasury notes or other forms of financial security (including any supplemental bonds) to guarantee Buyer's performance and payment of all of the Abandonment Obligations (each such bond, a "Governmental Bond").
In particular, Buyer shall deliver to Noble true, correct and complete copies of the Governmental Bond, and all other Required Bonds (including copies of the MMS Escrow Agreement and the security for the Abandonment Obligations held thereunder).
In particular, Buyer shall deliver the original counterpart of the Aera Bond, and true, correct and complete copies of the Governmental Bond, and all other Required Bonds, or shall deliver to the Escrow Agent immediately available funds in an amount sufficient to purchase and obtain the Governmental Bond and all other Required Bonds.
The Municipal Advisor will prepare or cause to be prepared Form 8038-G “Information Return for Tax-Exempt Governmental Bond Issues” and file or cause to be filed the report with the United States Department of the Treasury on or before the 15th day of the second calendar month after the close of the calendar quarter in which any debt is issued.
In particular, Buyer shall deliver to the Escrow Agent immediately available funds in an amount sufficient to purchase and obtain the Governmental Bond and all other Required Bonds.
Governmental Bond................................................
In the event that the amount of the Governmental Bond that is attributable to the Assumed Share is later lowered by the MMS or such bond is no longer required or otherwise lapses, Buyer shall restore, increase or deliver a replacement of the Aera Bond so that the total of (x) the amount of the Governmental Bond attributable to the Assumed Share and (y) the amount of the Aera Bond never falls below Ninety Million and No Hundredths Dollars ($90,000,000.00).
Final, unconditional approval by the MMS of the assignment of Noble's record title interests in the OCS Leases to Buyer; PROVIDED, that Noble may, in its sole discretion, deem the MMS Approval to have been received if all conditions to the MMS Approval have been fully satisfied other than the delivery to the MMS of the Governmental Bond and the other Required Bonds required by Applicable Law to be delivered to the MMS.
That certain Trust Agreement - Supplemental Bond for Decommissioning Liabilities dated effective as of March 1, 2007, by and among U.S. Bank National Association, as trustee, Buyer and the MMS pertaining to the receipt by the MMS of the Governmental Bond and the arrangements for the maintenance thereof by the MMS, substantially in the form of EXHIBIT J.