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.
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 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,
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.

Examples of Surety Obligations in a sentence

  • The Contractor’s execution and delivery of the form of Guarantee is an express condition precedent to any obligation of the District to disburse the Final Payment to the Contractor.13.4 Survival of Warranties; Surety Obligations.

  • VIII-B: Statute of Limitations and Surety Obligations The statute of limitations on a surety’s obligation to cure the defects and performance of a construction contract accrues on the date of acceptance of the project as having been completed according to the terms and conditions set out in the construction contract.

  • 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.

  • By the Insurance Motion, the Debtors request (i) authority, but not direction to (a) continue to maintain, and renew, in their sole discretion, their Insurance Policies and Programs, (b) honor its Insurance and Surety Obligations (as defined below) in the ordinary course of business during the administration of these chapter 11 cases; and (ii) related relief.

  • In order to preserve the value of the Debtors’ estates and to protect against uninsured loss, the Debtors seek authority to pay any prepetition Insurance and Surety Obligations.


More Definitions of Surety Obligations

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.
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 in the ordinary course of business.
Surety Obligations has the meaning set forth in Section 4.9.
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.