Surety Arrangement definition

Surety Arrangement has the meaning specified in Section 7.03(k).
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Surety Arrangement means one or more surety arrangements providing, inter alia, for the issuance of Surety Obligations, between the Company or its Subsidiaries and one or more providers, provided to the Company or its Subsidiaries including, in each case, any related notes, guarantees, collateral documents (including the Intercreditor Agreement), instruments and agreements executed in connection therewith.
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Surety Arrangement means any guaranty, letter of credit, indemnity agreement, surety bond or similar agreement or arrangement of either Member or any Affiliate of either Member (other than Nevada JV) that relates to the ownership, operation, maintenance, reclamation, restoration or closure of any properties or other assets of the Nevada JV or its subsidiaries, or any other obligation of the Nevada JV or its subsidiaries.
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Examples of Surety Arrangement in a sentence

  • The Acquiror agrees to use all commercially reasonable efforts prior to the Closing Date to substitute the credit of the Acquiror or a Subsidiary of the Acquiror for that of the Parent or the Retained Subsidiary of the Parent in each such Surety Arrangement, such substitution to take effect at the First Closing.

  • To the Knowledge of the Parent, all such Surety Arrangements are in full force and effect, no Parent or Retained Subsidiary is in default thereunder and no party to any Surety Arrangement has given or received any notice of cancellation or termination of any Surety Arrangement.

  • Accordingly, Nevada JV shall promptly indemnify and reimburse each Obligated Party and its Affiliates for (i) all Surety Arrangement Costs incurred by the Obligated Party or its Affiliates and (ii) any Surety Arrangement Payment.

  • Vendor has made available to Purchaser a copy of each such Vendor Surety Arrangement.

  • Moreover, the respective Investment Guidelines, as well as other terms of the Surety Arrangement, may have the effect of limiting the Fund's use of other investment strategies described below, such as investments in foreign securities and the use of options, to the extent such investments are not eligible for inclusion in the discounted value of the Fund's portfolio.

  • The Fund will be obligated to meet certain Deposit Securities (as defined) requirements pursuant to the Surety Arrangement to the extent necessary to satisfy a Mandatory Expiration Redemption.

  • Indemnity; Letter of Credit or Other Surety Arrangement; Proof of Insurance; Effective Date of Franchise.

  • In the event that any Existing Surety Arrangement Obligations become due and owing, RTEA shall submit a written instruction, with a copy to CPE LLC, instructing the Escrow Agent to release funds to RTEA for its own benefit and/or the benefit of the relevant Rio Tinto Group member in amounts necessary to satisfy the Existing Surety Arrangement Obligations.

  • Pursuant to the Surety Arrangement, the Preferred Shares and the Surety Bond are required to be held by the Surety Custodian, pursuant to the Surety Custody Agreement in a custody account (the "Surety Custody Account") established for the benefit of the holders of the Preferred Shares.

  • Pursuant to the Surety Arrangement, the Preferred Shares and the Surety Bond are required to be held by the Surety Custodian, pursuant to the Surety Custody Agreement in a custody account established for the benefit of the holders of the Preferred Shares.


More Definitions of Surety Arrangement

Surety Arrangement means one or more surety arrangements providing, inter alia, for the issuance of Surety Obligations between the Corporation or any of its Restricted Subsidiaries and one or more providers, provided to the Corporation or its Restricted Subsidiaries including, in each case, any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, modified, renewed, refunded, replaced, restated or refinanced from time to time.
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Surety Arrangement means the Surety Arrangement, to be dated as of the Time of Purchase, by and between an affiliate of Reliance Insurance Company and the Company.
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Related to Surety Arrangement

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • legal arrangement means a trust or other similar arrangement;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;

  • Treasury Management Arrangement means any agreement or other arrangement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Travel Arrangements means: (a) transportation: (b) accommodations: and (c) other specified services arranged by the Travel Supplier for the covered trip.

  • Management Arrangements means the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Specification, the Service Levels, the Award Procedures and the terms of this Framework Agreement, set out in Schedule 4.

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Continuing Arrangements means those arrangements set forth on Schedule 1.1(24) and such other commercial arrangements among the Parties that are intended to survive and continue following the Separation Time; provided, however, that for the avoidance of doubt, Continuing Arrangements shall not be Third Party Agreements.

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Tax Sharing Arrangement means any written or unwritten agreement or arrangement for the allocation or payment of Tax liabilities or payment for Tax benefits with respect to a consolidated, combined or unitary Tax Return which includes the Company.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • admission arrangements means the arrangements for a particular school or schools which govern the procedures and the decision making for the purposes of admitting pupils to the school.

  • Non-Exempt Severance Arrangement means a severance arrangement or other agreement between the Participant and the Company that provides for acceleration of vesting of an Award and issuance of the shares in respect of such Award upon the Participant’s termination of employment or separation from service (as such term is defined in Section 409A(a)(2)(A)(i) of the Code (and without regard to any alternative definition thereunder) (“Separation from Service”) and such severance benefit does not satisfy the requirements for an exemption from application of Section 409A provided under Treasury Regulations Section 1.409A-1(b)(4), 1.409A-1(b)(9) or otherwise.

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Change of Control Agreement means the Change of Control letter agreement between the Company and the Executive of even date herewith.

  • General Arrangement Drawings shall have the meaning set forth in Clause 3.1 (iii) (b);

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Change in Control Agreement means a written Change in Control Agreement between an employee and the Company or an Affiliate.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • referral arrangement means any arrangement in which a registrant agrees to pay or receive a referral fee;

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.