Repair Bond definition

Repair Bond means a performance bond, a letter of credit, or cash deposit posted to ensure the availability of sufficient funds to assure that Right-of-Way excavation repair work is completed in both a timely and quality manner, per Department specifications.
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Examples of Repair Bond in a sentence

  • Copies of a “Resolution on Postponement of Proposed $3 Billion Street Repair Bond Measure” were distributed.

  • The Maintenance and Repair Bond shall be in an amount equal to twenty percent (20%) of the total project cost as indicated on the Final Actual Cost Form as submitted by Developer.

  • Bond Act- RGIP5 -General Infrastructure - Roof Replacement and Repair: (Bond) Act authorizing the issuance of Nine Hundred Sixty Thousand ($960,000) Dollars in bonds for capital project RGIP5- reconstruction and replacement of roofs at Croton Point Park, Dunwoodie Golf Course, Marshlands Conservancy, Ridge Road Park, Saxon Woods Park & Golf course and Ward Pound Ridge Reservation.

  • Mr. Humphreville reported that a $3 billion Street Repair Bond measure will again be proposed.

  • Prior to undertaking such repairs itself and drawing on the Repair Bond or the Performance Bond, the County shall provide Developer prior written notice and an opportunity to cure such failure to repair in accordance with Section 9 or 10 (as applicable).

  • The purpose of the Repair Bond is to provide a readily available source of funds that the County can use for emergency repairs, if after notice and reasonable opportunity to cure Developer fails to make the emergency repair.

  • Debt – 710/750FY2015FY2016FY2017FY2018FY2019 BudgetExpendedBudgetExpendedBudgetExpendedBudgetRequestedFrontier Cap Improvement Bond 15,769 15,769 8,008 8,008 0 0 0 6,250School Roof Repair Bond 66,417 66,417 65,063 65,063 63,710 62,355 63,456 0Short Term Interest002,00001011Fire Truck000000033,588TOTAL82,18682,18675,07173,07163,71162,35563,45739,839 General liability insurance was substantially higher than budgeted in FY 2017, a figure which was not known until after the budget was approved.

  • The amount of the Repair Bond will be $50,000 and Developer shall cause the Repair Bond to be replenished within ten (10) business days if properly drawn upon.

  • Still intact is a District-wide Central Committee and Building Committees, but their composition has changed.The new configuration is an attempt to monitor properly any new construction and re- pairs which are anticipated when, and if, the Feb- ruary Building and Repair Bond passes.

  • The forms of the Repair Bond and the Performance Guarantee are attached hereto as Exhibit G.

Related to Repair Bond

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Repair or replacement means the restoration of vehicles, vessels, or outboard

  • Repairs means the repairs to be made to the Mortgaged Property, as described on the Repair Schedule of Work (Exhibit C) or as otherwise required by Lender in accordance with this Loan Agreement.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Bail bond insurance means a guarantee that a person will attend court when

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.

  • Casualty insurance means liability insurance.

  • Credit property insurance means insurance:

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Property Insurance is defined in Section 6.10(a).

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.