Surety Obligations definition

Surety Obligations means any bonds, including bid bonds, advance bonds, or performance bonds, letters of credits, warranties, and similar arrangements between the Company or any of its Restricted Subsidiaries and one or more surety providers, for the benefit of the Company’s or any Restricted Subsidiary’s suppliers, vendors, insurers, or customers including, in each case, any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, in each case as amended, modified, renewed, refunded, replaced, restated or refinanced from time to time, and in each case exclusive of obligations for the payment of borrowed money.

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Surety Obligations means any bonds, including bid bonds, advance bonds, or performance bonds, letters of credit, warranties, and similar arrangements between the Company or its Subsidiaries and one or more surety providers, for the benefit of the Company's or its Subsidiaries' suppliers, vendors, insurers, or customers including, in each case, any related notes, guarantees, collateral documents (including the Intercreditor Agreement), instruments and agreements executed in connection therewith.

Surety Obligations means any bonds, including bid bonds, advance bonds, or performance bonds, letters of credit, warranties, and similar arrangements between the Corporation and any of its Restricted Subsidiaries and one or more providers, for the benefit of the Corporation's or any Restricted Subsidiary's suppliers, vendors, insurers or customers 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.

Examples of Surety Obligations in a sentence

• Without the prior written consent of SpinCo, RemainCo shall not, and shall not permit any of its Subsidiaries to, enter into, renew or extend the term of, increase its obligations under, or transfer to a Third Party, any loan, lease, Contract or other obligation in connection with which SpinCo or any of its Subsidiaries has issued, or caused to be issued, any Surety Instruments relating to any SpinCo Surety Obligations for the RemainCo Business.

• The Parties agree that neither RemainCo nor any of its Subsidiaries will have any obligation to renew any Surety Instruments relating to the RemainCo Surety Obligations for the SpinCo Business, after the expiration of any such Surety Instruments, provided that nothing in this Section 6.7(a) shall prevent RemainCo or any of its Subsidiaries from renewing any Surety Instrument.

• Without the prior written consent of RemainCo, SpinCo shall not, and shall not permit any of its Subsidiaries to, enter into, renew or extend the term of, increase its obligations under, or transfer to a Third Party, any loan, lease, Contract or other obligation in connection with which RemainCo or any of its Subsidiaries has issued, or caused to be issued, any Surety Instruments relating to any RemainCo Surety Obligations for the SpinCo Business.

• From and after the Distribution Time: SpinCo shall indemnify and hold harmless RemainCo and each of its Subsidiaries from and against any other Losses arising from or relating to any Surety Instruments relating to the RemainCo Surety Obligations for the SpinCo Business.

• From and after the Distribution Time: RemainCo shall indemnify and hold harmless SpinCo and each of its Subsidiaries from and against any other Losses arising from or relating to any Surety Instruments relating to the SpinCo Surety Obligations for the RemainCo Business.

• The Parties agree that neither SpinCo nor any of its Subsidiaries will have any obligation to renew any Surety Instruments relating to the SpinCo Surety Obligations for the RemainCo Business, after the expiration of any such Surety Instruments, provided that nothing in this Section 6.7(b) shall prevent SpinCo or any of its Subsidiaries from renewing any Surety Instrument.

• The Seller and its affiliates shall have been released from any and all of their respective obligations under the Surety Obligations and the Seller shall have received written instruments reasonably satisfactory to the Seller executed by the appropriate party under each Surety Obligation effectuating the foregoing.

• Surety Obligations..........................................................

• Surety Obligations......................................................................

• Other than the Surety Obligations set forth in Section 6.16 of the Disclosure Schedules, there is no surety obligation which was provided with respect to the obligations of Seller relating to the Business and any other business of a Seller.

More Definitions of Surety Obligations

Surety Obligations means the incurrence by the Company or any of its Guarantors of obligations in respect of performance and surety bonds and completion guarantees obtained by the Company or such Guarantor in the ordinary course of business.

Surety Obligations is defined in Section 16.1.

Surety Obligations means all obligations under any outstanding bonds (including surety, bid, completion and performance bonds), letters of credit, bank guarantees and other surety arrangements issued or entered into in connection with the Assigned Contracts..

Surety Obligations means the original amount of all outstanding standby and documentary letters of credit as to which Borrower is the account party, the face amount of all banker's acceptances with respect to which Borrower is obligated, and the original amount of all bank guaranties, surety bonds and similar instruments with respect to which Borrower is obligated.

Surety Obligations means, with respect to any Person, all obligations of such Person which in any manner directly or indirectly guarantee or assure or provides a surety for, or in effect guarantee or assure or provides a surety for, the payment or performance of any indebtedness, dividend or other obligations of any other Person (the “guaranteed obligations”), or assure or in effect assure the holder of the guaranteed obligations against loss in respect thereof, including any such obligations incurred through an agreement, contingent or otherwise: (a) to purchase the guaranteed obligations or any property constituting security therefor; (b) to advance or supply funds for the purchase or payment of the guaranteed obligations or to maintain a working capital or other balance sheet condition; or (c) to lease property or to purchase any debt or equity securities or other property or services.

Surety Obligations has the meaning set forth in Section 4.9.