The Bond. The parties agree to secure and maintain the Bond, which will ensure each Party’s respective portfolios, directors/trustees, partners and officers, and may insure such Party’s agents and employees (with each of such insureds being referred to as an “Insured” and any Party and such of its Insureds being referred to as a “Party and its Insureds”).
The Bond. Surety hereby unconditionally, absolutely, and irrevocably guarantees to ERCOT and its successors and assigns the full punctual payment and performance by the Principal of all of the Principal’s payment obligations to ERCOT under the Standard Form Agreement and/or ERCOT Protocols (the “Obligations” or “Obligation”). As used in this Surety Bond, the term Obligations or Obligation means, collectively, the following:
The Bond. In order to provide funds for the purposes set forth in the preamble to this Contract, the Authority will, in accordance with the Act, issue the Bond, and all of the covenants, agreements, and provisions hereof shall, to the extent provided herein and in the Resolution, be for the benefit and security of the owner of the Bond.
The Bond. When the Bond is issued, transferred and delivered in accordance with the provisions of this Agreement, the Bond will have been duly authorized, executed, issued and delivered and will constitute the valid and special and limited obligation of the Issuer payable solely from the revenues and other monies derived by the Issuer from this Agreement. The Bond shall not be in any way a debt or liability of the Commonwealth or any political subdivision thereof, except the non-recourse obligation of the Issuer, and shall not create or constitute any indebtedness, liability or obligation of the Commonwealth or of any political subdivision thereof, except the non-recourse obligation of the Issuer, either legal, moral or otherwise. The Bond does not now and shall never constitute a charge against the general credit of the Issuer.
The Bond. 2.1 The hire includes the use of the upper and lower floors of the venue, the kitchen and bathroom facilities and the land immediately to rear of the building. There are no storage facilities at the venue.
The Bond. The HIRER may be asked to pay a bond of up to £200. If the HIRER is asked to pay the bond the booking will be deemed provisional until it is paid. Payment should be made by bank transfer 1(i). Repayment of the bond will be made within 1 week after the event if the hire conditions are adhered to. The Management reserve the right to deduct costs from the £200 bond for any incidental damage, additional cleaning, call out fees for emergency services and any other related costs. All additional items not quoted but requested at the event will also be charged and deducted from the Bond. We reserve the right to charge for any additional repairs / costs howsoever caused, in excess of the value of the bond.
The Bond. The Issuer hereby constitutes the Bond which has the terms and conditions provided in the Bond Conditions and covenants in favour of the Bondholder that it will duly perform and comply with the obligations expressed to be undertaken by it in the Bond Certificate and in the Bond Conditions (and for this purpose any reference in the Bond Conditions to any obligation or payment under or in respect of the Bond shall be construed to include a reference to any obligation or payment under or pursuant to this provision).
The Bond. The Bond will be a special, limited obligation of the Authority, the principal of, premium, if any, and interest on which are payable solely from the moneys to be derived pursuant to the Bond Documents or derived from the liquidation of any property pledged to the Authority and assigned to the Purchaser as security for the Loan. The Act provides that neither the members of the Authority nor any Person executing bonds for the Authority shall be liable personally on said bonds by reason of the issuance thereof. The State is not obligated to pay, and neither the faith and credit nor taxing power of the State is pledged to the payment of, the principal or redemption price, if any, of or interest on the Bond. The Bond does not now and shall never constitute a charge against the general credit of the Authority. The Authority has no taxing power. Subject to the terms and conditions and upon the basis of the representations herein, the Authority hereby agrees to sell the Bond to the Purchaser, and the Purchaser hereby agrees to purchase the Bond from the Authority, at the purchase price of $4,500,000 plus accrued interest, if any, from the date of the Bond to the date of delivery thereof and payment therefor. The Bond will be delivered in registered form. Payment for the Bond by the Purchaser and delivery thereof by the Authority shall be made at the offices of the Authority in Trenton, New Jersey, or at such other place in the State as the Authority and the Purchaser mutually agree. The offering of the Bond has not been registered under the Securities Act of 1933, as amended, and this Bond Agreement has not been qualified under the Trust Indenture Act of 1939, as amended. The Bond may not be offered or sold by the Purchaser in contravention of said acts.
The Bond. The Parties agree to secure and maintain a Bond, which will cover each Party and, if such Party is an investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”), its respective series, in accordance with the requirements of Section 17(g) of the 1940 Act and Rule 17g-1 thereunder (with each such Party being referred to as a “Covered Person”). The Trust shall have “Primary Coverage” (i.e., minimum insured coverage) under the Bond in an amount that is in accordance with Rule 17g-1(d)(1) under the 1940 Act. Each other Covered Person shall have Primary Coverage as required by applicable statutes and regulations had it not been named as an insured under this Bond. Each Party shall promptly take action to increase its Primary Coverage amount, which shall therefore increase the total amount (i.e., limit of liability) of the Bond, whenever required to comply with applicable statutes and regulations, including but not limited to Rule 17g-1 under the 1940 Act.
