Surety Bonds definition

Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

Surety Bonds means surety or other similar bonds required to be posted by the Company and its Restricted Subsidiaries in the ordinary course of their respective businesses or posted on behalf of Affiliates in the ordinary course of their respective businesses.

Surety Bonds has the meaning set forth in Section 6.4(b).

Examples of Surety Bonds in a sentence

• Bid Bonds shall be executed as a Surety by a corporation licensed to issue Surety Bonds in the State of California.

• Surety Bonds guaranteed through U.S. Government Small Business Administration or Contractors Training and Development Inc.

• Each proposal must be accompanied by a Bid Bond, Certified or Cashier's Check (“Bid Security”) made payable to Montclair State University equal to ten percent (l0%) of the amount of the proposal as evidence of good faith, which guarantees that if the proposal submitted by the Bidder is accepted, the Bidder will enter into the Contract and will furnish the required Contract Documents and Surety Bonds.

• Performance, Bid and Surety Bonds The Company provides standby letters of credit for performance, bid and surety bonds through financial intermediaries to various customers in support of project contracts for the successful execution of these contracts.

• Contractor shall provide the following Surety Bonds: Bid Bond Performance Bond Payment Bond The Payment Bond and Performance Bond shall be in a sum equal to the contract price.

More Definitions of Surety Bonds

Surety Bonds surety bonds for which any Group Member is liable that were obtained to secure performance commitments of any Group Member.

Surety Bonds means all bonds issued for the account of the Company or any Subsidiary to assure the performance thereby (or to the extent issued in the ordinary course of business, any other Person) under any contract entered into in the ordinary course of business.

Surety Bonds. The Limited Purpose Surety Bonds, Policy No. AB0039BE and Policy No. AB0240BE, issued by Ambac Assurance Corporation for the benefit of certain beneficiaries, including, with respect to the Additional Collateral Loans, the Trustee for the benefit of the Certificateholders.

Surety Bonds means all bonds issued for the account of the Borrower or any of its Subsidiaries to assure the performance thereby (or to the extent issued in the ordinary course of business, any other Person) under any contract entered into in the ordinary course of business.

Surety Bonds means the bonds, undertakings and other like obligations executed by a Surety for the Parent subject to an Indemnity Agreement and a Subordination Agreement, in a maximum aggregate principal amount of $30,000,000 for all Sureties, provided, that this definition shall not include Performance Surety Bonds as defined in the Guaranty.

Surety Bonds shall have the meaning set forth in Section 3.22.

Surety Bonds or “Surety” means one or more unconditional and irrevocable surety bonds issued by a domestic or foreign insurance company which (i) qualifies as a Cash Equivalent under the General Resolution, (ii) guarantees certain payments into the Capital Reserve Fund with respect to the Bonds as provided therein and subject to the limitations set forth therein, and (iii) is not subject to cancellation.