Surety Bonds definition

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.

Surety Bonds means all bonds issued for the account of the Company or any Subsidiary to assure the performance thereby (or to the extent issued in the ordinary course of business, any other Person) under any contract entered into in the ordinary course of business.

Surety Bonds has the meaning set forth in Section 6.4(b).

Examples of Surety Bonds in a sentence

• Bid Bonds shall be executed as a Surety by a corporation licensed to issue Surety Bonds in the State of California.

• Contractor shall provide the following Surety Bonds: The Payment Bond and Performance Bond shall be in a sum equal to the contract price.

• Servicer covenants that within 2 Business Days after the Funding Date for any purchase of Pledged Asset Mortgage Loans, Servicer will deliver to each Surety Bond Issuer any instrument required to be delivered under the related Surety Bond, executed by the necessary parties, and that all other requirements for transferring coverage under the related Surety Bonds in respect of such Pledged Asset Mortgage Loans to the Purchaser shall be complied with.

• Performance, Bid and Surety Bonds The Company provides standby letters of credit for performance, bid and surety bonds through financial intermediaries to various customers in support of project contracts for the successful execution of these contracts.

• The proposal guarantee of such two (2) lowest bidders will be held until the contract is signed and executed by the successful bidder and all Surety Bonds are approved by the Township Solicitor.

More Definitions of Surety Bonds

Surety Bonds means surety or other similar bonds required to be posted by the Company and its Restricted Subsidiaries in the ordinary course of their respective businesses or posted on behalf of Affiliates in the ordinary course of their respective businesses.

Surety Bonds surety bonds for which any Group Member is liable that were obtained to secure performance commitments of any Group Member.

Surety Bonds. The Limited Purpose Surety Bonds, Policy No. AB0039BE and Policy No. AB0240BE, issued by Ambac Assurance Corporation for the benefit of certain beneficiaries, including, with respect to the Additional Collateral Loans, the Trustee for the benefit of the Certificateholders.

Surety Bonds means the bonds, undertakings and other like obligations executed by a Surety for the Parent subject to an Indemnity Agreement and a Subordination Agreement, in a maximum aggregate principal amount of $30,000,000 for all Sureties, provided, that this definition shall not include Performance Surety Bonds as defined in the Guaranty.

Surety Bonds shall have the meaning set forth in Section 3.22.

Surety Bonds means surety or other similar bonds required to be posted by the Borrower and its Restricted Subsidiaries in the ordinary course of their respective businesses or posted on behalf of Affiliates in the ordinary course of their respective businesses.

Surety Bonds means the surety bonds provided by the Debtors to third parties, pursuant to state and federal law, to secure the Debtors’ payment or performance of certain other obligations, including obligations owed to state or federal agencies, contractual obligations and obligations required by law.