Litigation Bond definition

Litigation Bond means any surety bond, supersedeas bond, judgment bond or other bond or insurance policy issued for bonding litigation judgments for appeal.
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Examples of Litigation Bond in a sentence

  • The Litigation Bond shall remain in effect for two (2) years from the deadline for Proposal Submission.

  • The Litigation Bond must be in the form of a policy or certificate issued by a surety company licensed to do business in the Commonwealth of Kentucky.

  • In lieu of a Litigation Bond, an Offeror may file securities or an irrevocable Letter of Credit in the form required by KRS 154A.100 and KRS 154A.600 (5).

  • The Offeror must provide a Litigation Bond in the amount of one hundred thousand dollars ($100,000).

  • The Cabinet reserves the right to make a claim upon the Litigation Bond if all of the following apply:The Offeror brings any legal action against the jurisdiction, the Cabinet, any officer or employee of the Cabinet, any consultant or employee of a consultant under Contract with the Cabinet, or any Retailer, over the issuance of the RFP, the selection of the Successful Offeror, or execution of a Contract with the Successful Offeror.

  • The Contractor must provide a Litigation Bond in the amount of $2,500,000.00.

  • Following the signing of a Contract with the Successful Offeror, the Litigation Bond of any Offeror may be released upon acceptance by the Cabinet of a Offeror’s covenant not to sue.

  • Litigation Bond Each bidder responding to this RFP is required to submit a litigation bond in the amount of 5% of submitted bid made payable to the State of West Virginia Public Employees Insurance Agency.

  • Litigation Bond - A bond submitted by the vendor at the time of the bid which may be used by the state to recover damages due to frivolous and groundless law suits filed by the vendor in protest of an award, etc.

  • It is a widely accepted practice in the lottery industry [and other industries undergoing public procurements] to include in such Litigation Bond a third condition that would need to be satisfied before the Bond may be drawn upon, and we would ask that the Lottery add the following condition to conform to such industry standard: 3.

Related to Litigation Bond

  • Transition bonds means bonds, notes, certificates of

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • NIM Notes The notes to be issued pursuant to the Indenture.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Transition bond charge means a charge, expressed as an

  • Preferred Security Certificate means a certificate representing a Preferred Security substantially in the form of Exhibit A-1.

  • Required Subordinated Percentage of Class C Notes means, for the Class A(2022-1) Notes, 8.86075950%, subject to adjustment in accordance with Section 2.02.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Refunded Notes means that portion of the Series 298 Notes and Series 300 Notes paid from the proceeds of the Bonds and other available funds of the Issuer.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Subordinate Note means each B Note.

  • Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement.

  • B Notes means each of Note B-1 and Note B-2.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.