Bond Amount Clause Samples

Bond Amount. The maximum aggregate liability of the Guarantor under this Agreement shall not exceed the Bond Amount being the sum actuarially assessed to the satisfaction of the Administering Authority [and the Scheme Employer].

Bond Amount. This Clause sets out the Guarantor’s maximum liability under the Agreement. The Guarantor’s maximum aggregate liability under this Agreement will not exceed the Bond Amount.

Bond Amount. The Bond shall be in a sum equal to twenty-five percent (25%) of the Contract amount, unless otherwise stated in the Specifications. Authority may file a claim against the Bond if Contractor fails or refuses to fulfill the terms and provisions of the Contract.

Bond Amount. The amount secured under the Bond Agreement.

Bond Amount. The maximum aggregate liability of the Guarantor and the Contractor under this Bond shall not exceed the sum set out in the Schedule (“the Bond Amount”) but subject to such limitation and to

Bond Amount. The Company shall cause to be delivered to the County, on or before the fifteenth (15th) anniversary of the Effective Date, a Surety Bond issued by one of the acceptable companies listed in the latest version of “Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reimbursing Companies”, Department Circular 570, issued by the Department of the Treasury. The Surety Bond shall be in effect from the fifteenth (15th) anniversary of the Effective Date through the thirty-fifth (35th) anniversary of the Effective Date and shall be in an amount equal to the estimated amount of removal costs of the Solar Facilities, if any, less salvage value, as determined by an independent third-party engineer retained by the Company, provided that the Company shall provide proof of said estimate to the County prior to the fifteenth (15th) anniversary of the Effective Date.

Bond Amount. This provision sets out the maximum amount which can be demanded under this agreement.

Bond Amount. The Company shall (i) notify the Sellers’ Closing Representative and the Buyer of the fact that any proceeds from the XXX Bonds were paid to the Company without undue delay after becoming aware of the same, (ii) provide the Sellers’ Closing Representative and the Buyer with all necessary information and cooperation so that the Sellers’ Closing Representative and the Buyer are able to verify such fact, and if affirmative, (iii) execute and deliver the Bond Amount Confirmation to the Settlement Escrow Agent, the Sellers’ Closing Representative and the Buyer.

Bond Amount. The Officer shall: 10.1 Provide his decision to the Developer as to whether the Bond Amount is adequate in writing within ten Working Days of receiving the approved Highway Works Documents and 10.2 Not withhold his approval pursuant to clause 10.1 unless he determines that either (1) the Bond Amount is less than the total cost of the Highway Works plus 20 per cent or (2) the provisions in the Bond as to its release do not accurately reflect the cost of the Highway Works as fully illustrated in the Highway Works Documents