Surety Bond Claim definition

Surety Bond Claim means an unsecured Claim arising from any Surety Bonds, other than any Secured Claim arising from any Surety Bonds or any Surety Bond Post Petition Premium Payments. For the avoidance of doubt, Surety Bond Claims shall only include the Claims of the Sureties against the Debtors or their Estates, and shall not include any Governmental Unit’s claims against the Sureties arising from any Surety Bonds.
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Surety Bond Claim means an unsecured Claim arising from any Surety Bonds,
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Related to Surety Bond Claim

  • Surety Bond means a bond from a Bond company with a credit rating by AMBEST better than a “B”. The bonding company shall be certified to issue bonds in a state in which this Agreement is approved.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • Fraud Claim means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.