Common use of Bonding Facility Clause in Contracts

Bonding Facility. The Loan Parties have provided to the Origination Agent a correct and complete copy of all of the Bonding Agreements. The Borrowers and their Subsidiaries have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course of business. Each of the Bonding Agreements is in full force and effect and no Authorized Officer has knowledge of any condition that would constitute a default under Section 9.01(p).

Appears in 2 contracts

Sources: Abl Financing Agreement (Limbach Holdings, Inc.), Financing Agreement (Limbach Holdings, Inc.)