Examples of Surety Provider in a sentence
If determined to be in the best interest of the City, and in lieu of funding the DSRF, the Governing Authority hereby approves the purchase of a debt service reserve surety policy (the “Surety Policy”) with the provider thereof (to be determined) (the "Surety Provider").
If the Enterprise determines that it will not obtain a Reserve Fund Insurance Policy, all references herein to a Reserve Fund Insurance Policy and a Surety Provider shall be of no force and effect.
The definitions of Debtor, Mortgagor, Surety Provider, Mortgaged Property used in these business conditions may also be applied in plural.
The President or the Treasurer are hereby independently authorized to determine if obtaining a Reserve Fund Insurance Policy for all or a portion of the Bonds is in the best interests of the Enterprise, and if so, to select a Surety Provider to issue a Reserve Fund Insurance Policy and execute any related documents or agreements required by such commitment.
Except with the express written consent of the other party, neither party may assign, or otherwise transfer any of its obligations hereunder without the express written consent of (a) the other party, which consent shall not be unreasonably withheld, (b) Bolster, and (c) the Surety Provider.