Surety definition

Surety. Ambac, or its successors in interest, or such other surety as may be identified in the Series Supplement.

Surety means any corporation that executes, as Surety, the Contractor's Bid Bond, Payment Bond and Performance Bonds securing the performance of this Contract.

Surety means a company that is duly certified to do business in the State of New Jersey and that is qualified to issue bonds in the amount and of the type and character required by these specifications.

Examples of Surety in a sentence

• Principal and Surety have caused this Bond to be executed and delivered as of , 20 .

• Conditions] (the “Bonded Sum”), for payment of which sum Principal and Surety jointly and severally firmly bind themselves and their successors and assigns.

• Each of Surety and Principal hereby consents to the automatic increase of the Bonded Sum as set forth in the prior sentence and waives notice related to such increase.

• The letter must be issued from Vendor’s Surety companies, on surety company letterhead, must specify the maximum bonding capacity of the Vendor, and must be signed by an authorized representative of the surety company.

• Principal: By: Its: (Seal) Surety: By: Its: (Seal) or secretary xxxxxx Name Title: Address: THIS GUARANTY (this “Guaranty”) is made as of [●] by , a (“Guarantor”), in favor of the TEXAS DEPARTMENT OF TRANSPORTATION, an agency of the State of Texas (“TxDOT”).

More Definitions of Surety

Surety means the individual or entity committing to provide any of the bonds identified in the RFP.

Surety means an entity licensed under state insurance laws

Surety. Ambac Assurance Corporation, or its successors in interest.

Surety means an entity licensed under state insurance laws or by the state department of licensing, to write corporate, property, or probation bonds within the state, and justified and approved by the superior court of the county having jurisdiction of the case;

Surety means the bonding company or corporate body which is bound with and for the Contractor, and which engages to be responsible for the Contractor and his acceptable performance of the Work and payment of subcontractors and suppliers.

Surety means the person, firm, partnership, corporation, limited liability company or other entity that has the requisite authority to execute the bonds required from the Contractor.

Surety means any corporation that executes, as Surety, the Contractor's Bid Bond and/or Payment and Performance Bonds securing the performance of this Contract, if required.