Common use of Bonding Capacity Clause in Contracts

Bonding Capacity. The Borrower and its Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, and (ii) be in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and shall not permit a default to occur thereunder, as set forth in, or otherwise permitted by, Section 6.25.

Appears in 6 contracts

Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)

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Bonding Capacity. The Borrower and its Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, . The Borrower and (ii) be its Subsidiaries are in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and shall not permit a no default to occur has occurred thereunder, as set forth in, or otherwise permitted by, Section 6.25.

Appears in 6 contracts

Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)

Bonding Capacity. The Borrower Loan Parties and its their Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, . The Loan Parties and (ii) be their Subsidiaries are in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and shall not permit a no default to occur has occurred thereunder, as set forth in, or otherwise permitted by, Section 6.25.

Appears in 1 contract

Samples: Financing Agreement (Hc2 Holdings, Inc.)

Bonding Capacity. The Borrower and its Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, and (ii) be in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and the Surety’s General Indemnity Agreement and shall not permit a default to occur thereunder, as set forth in, or otherwise permitted by, Section 6.256.24.

Appears in 1 contract

Samples: Credit Agreement (Shimmick Corp)

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Bonding Capacity. The Concurrently with the initial Credit Event and thereafter, the Borrower and its Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, . The Borrower and (ii) be its Subsidiaries are in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and shall not permit a no default to occur has occurred thereunder, as set forth in, or otherwise permitted by, Section 6.25.

Appears in 1 contract

Samples: Credit Agreement (Shimmick Corp)

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