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

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.
If Surety makes payment to creditor, surety can get all securities into his possession from creditor.
And the Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of Contract or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition.
Surety has right to give advice to creditor to proceed legally against principal debtor for the purpose of recovering the amount.
Any request for reduction or release of retainage shall be accompanied by written consent of the Contractor’s 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 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 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 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.