Examples of Surety Documents in a sentence
A Performance Bond or Surety Documents, satisfactory in form to the Authority, shall be submitted to the Authority prior to Authority approval of the application.
The Bond or Surety Documents shall remain in effect until the sanitary sewer collection system and related appurtenances and/or the water distribution system and related appurtenances are installed, tested and protected by an adequate layer of flexible bituminous paving or approved equal.
However, particles of the size range used are often irregularly shaped and contain a wide range of sizes.
The Bond Surety Documents shall remain in effect until the sanitary sewer collection system and related appurtenances and/or the water distribution system and related appurtenances are installed, tested and protected by an adequate layer of flexible bituminous paving constructed in accordance with prescribed engineering practices, or approved equal.
In the event that any project which has been approved by the Authority is transferred to another owner or developer, the Performance Bond or Surety Documents shall be also transferred to the new owner, in satisfactory form to the Authority, in accordance with these Rules and Regulations prior to the issuance of any permits.
Subject to the recommendation and approval of the Authority Engineer, the Bond or Surety Documents shall remain in effect until the owner or developer has obtained Form “D” approval from the Authority in accordance with their applicable Rules and Regulations and has posted the necessary two (2) year Maintenance Bond equal to fifteen percent (15%) of the Performance Bond.
To the extent any such Assumed Surety Documents are not so replaced or any Seller is not so released as of the Closing, Buyer shall make available to the bank providing the relevant Assumed Surety Obligation a cash deposit in the amount of the existing cash deposit provided by the relevant Seller as security to the Bank for the Assumed Surety Obligations.
All covenants, agreements, representations and warranties made herein and in certificates or reports delivered pursuant hereto shall be deemed to have been material and relied on by Surety, notwithstanding any investigation made by or on behalf of Surety, and shall survive the execution and delivery to Surety of the Note, the Surety Bond, this Agreement and the other Loan and Surety Documents.
This Agreement shall be binding upon and shall inure to the benefit of, and shall be enforceable by, the parties hereto and their respective successors and assigns as permitted by and in accordance with the terms of the Operative Documents, the Berkshire Documents or the AMBAC Surety Documents, as applicable.
Each party hereto will promptly and duly execute and deliver such further documents to make such further assurances for and take such further action reasonably requested by and at the expense of any party to whom such first party is obligated, all as may be reasonably necessary to carry out more effectively the intent and purpose of this Agreement and the other Berkshire Documents and the AMBAC Surety Documents.