Surety Bond Obligations definition

Surety Bond Obligations means obligations to the issuers of surety bonds for the account of the Company or a Subsidiary, which for all purposes herein shall be calculated based on the estimated cost to complete the applicable projects taking into consideration the progress made on any such projects and not the face value or penal sum of such surety bonds.

Surety Bond Obligations means, with respect to any Surety Bond as to which any Credit Party or Restricted Subsidiary is a direct or contingent obligor, all such direct or contingent obligations.

Surety Bond Obligations means, in respect of any Surety Bond, -----------------------

Examples of Surety Bond Obligations in a sentence

• The Trustee shall make available for inspection and copying by the Administrative Agent, each Holder Representative in respect of the Surety Bond Obligations and each Public Debt Trustee each certificate or other paper furnished to the Trustee by any of the Obligors under or in respect of this Trust Agreement or any of the Collateral.

• The Administrative Agent may, at any time upon giving 30 days' prior written notice thereof to the Trustee, each Public Debt Trustee and each Holder Representative in respect of the Surety Bond Obligations, remove the Trustee and appoint a successor Trustee, such removal to be effective upon the acceptance of such appointment by the successor.

• The authority of the Administrative Agent, each Holder Representative in respect of the Surety Bond Obligations and each Public Debt Trustee shall be demonstrated by their inclusion as such in the lists from time to time delivered pursuant to subsection 4.2.

• All distributions made by the Trustee pursuant to subsection 3.4 shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Trustee shall have no duty to inquire as to the application by the Administrative Agent, the Holder Representatives in respect of the Surety Bond Obligations or a Public Debt Trustee of any amounts distributed to them.

• The applicable Reorganized Debtor hereby reaffirms and ratifies the Surety Bond Obligations arising under the Surety Bond Program, which shall continue to be in full force and effect, and the Surety Bond Obligations are not discharged or released by the Plan in any way.

More Definitions of Surety Bond Obligations

Surety Bond Obligations means all the Debtors' obligations arising under the Surety Bond Program.

Surety Bond Obligations in respect of any Surety Bond, (i) the ----------------------- obligation of the Surety Bond Account Party for the account of which such Surety Bond was issued to reimburse the Surety Party which issued such Surety Bond for any payments made by such Surety Party from time to time under such Surety Bond, together with any interest, fees, indemnities or other amounts payable by such Surety Bond Account Party pursuant to the terms of the Surety Bond Documents relating to such Surety Bond (including, without limitation, to the extent provided by such Surety Bond Documents, interest accruing at the then applicable rate provided in such Surety Bond Documents after the maturity of such reimbursement obligations and interest accruing at the then applicable rate provided in such instruments after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Surety Bond Account Party, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) and (ii) any Guarantor Surety Bond Obligations with respect to such Surety Bond.

Surety Bond Obligations means all obligations and liabilities of the Company under the Surety Bonds to the extent that such obligations and liabilities arise from a performance failure of the obligor under the Surety Bonds that occurs after the Closing.

Surety Bond Obligations means Liabilities of Parent or any of its Affiliates under or with respect to the Surety Bonds (including any obligation to provide indemnification, perform any covenants, make any payments, provide cash collateral or other security or pay any premiums therefor).

Surety Bond Obligations means obligations to the issuers of surety bonds for the account of the Company or a Restricted Subsidiary, which for all purposes herein shall be calculated based on the estimated cost to complete the applicable projects taking into consideration the progress made on any such projects and not the face value or penal sum of such surety bonds.

Surety Bond Obligations means, in respect of any Liberty Bond, (a) the obligations of the Surety Bond Account Party (as defined in the ANC Liberty Agreement), and of any indemnitor, to Liberty under any of the Indemnity Agreements (as defined in the ANC Liberty Agreement) or under any guarantee, including but not limited to the obligations to exonerate, indemnify, hold harmless, secure, collateralize and/or reimburse Liberty, together with any interest, fees, costs, expenses (including the costs and expenses of enforcing any indemnities) or other amounts as may be provided under the terms of such Indemnity Agreements or under any guarantee (including, without limitation, interest accruing at the then applicable rate after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Surety Bond Account Party or indemnitor, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred, and (b) any Guarantor Surety Bond Obligations with respect to such Liberty Bond, and (c) any obligations of ANC or of any of its subsidiaries under the ANC Liberty Agreement; PROVIDED that the Surety Bond Obligations shall be reduced by the amount of proceeds actually received by or on behalf of Liberty in respect of any cash or letter of credit collateral to the extent application of such proceeds permanently reduces the remaining contingent liability of Liberty in respect of such Surety Bond Obligation. All other capitalized terms used but not defined herein shall have the same meanings specified in the ANC Liberty Agreement.

Surety Bond Obligations means the obligations of the Borrower or any Domestic Subsidiary owing to a surety who has issued the bonds described on Schedule 1.02(f) to support the Borrower's or such Domestic Subsidiary's oil and gas operations in the ordinary course of business. Each Surety Bond Obligation shall not exceed the amount set forth for such obligation on Schedule 1.02(f). A Surety Bond Obligation once drawn or cancelled may not be renewed for purposes of the Surety LC Commitment.