Bond or Security Sample Clauses
Bond or Security. (a) As additional security for the payment and performance of the obligations of under the Act, contemporaneously with the execution of this Agreement, shall provide the Department with a bond or security in the amount of Dollars ($ ). Said bond (i) shall be issued by an insurance company qualified to transact business and issue such bonds in the State of Rhode Island under all applicable laws,
(ii) shall have a rating of A or better by each of Standard & Poor’s, ▇▇▇▇▇’▇ and Best’s and
(iii) shall contain such terms and conditions as the Director shall deem necessary and appropriate in his discretion. And/or … (b) … shall provide pledged to the Department for benefit of the Rhode Island employees of . Said surety shall otherwise satisfy all requirements of the bond described in Section 5. (a) hereof.
Bond or Security. At any time during the Term of this Agreement, CenturyLink may request and Supplier will furnish a performance and/or payment bond or other financial instrument for any specific Job in an amount and on a form to be determined by CenturyLink. The bond must be written by a surety company having at a minimum a “Best’s” rating of A- VII and be listed on the Department of the Treasury’s Listing of Approved Sureties.
Bond or Security. Unless otherwise required by City ordinance or regulation, the City Engineer may require a bond or security of up to $ in a form approved by the City Attorney to guarantee compliance with this Agreement, including but not limited to, securing against damage to the Public Right-of-Way or Municipal Facilities or other property in Metricom's exercise of its rights under this Agreement.