Common use of Bonds Clause in Contracts

Bonds. No bond shall be required of the original Managing Trustee hereunder, and no bond shall be required of any successor Managing Trustee hereunder. If a bond is required by law, no surety or security with respect to such bond shall be required unless required by law.

Appears in 14 contracts

Sources: Liquidating Trust Agreement (ICON ECI Fund Sixteen), Liquidating Trust Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Liquidating Trust Agreement (Icon Eci Fund Fifteen, L.P.)

Bonds. No bond shall be required of the original Managing Trustee hereunder, and no bond shall be required of any successor Managing Trustee hereunder. If a bond is required by law, no surety or security with respect to such bond shall be required unless required by law.

Appears in 14 contracts

Sources: Liquidating Trust Agreement (PLM Equipment Growth & Income Fund Vii), Liquidating Trust Agreement (Professional Lease Management Income Fund I LLC), Plan of Dissolution and Liquidation (PLM Equipment Growth Fund)

Bonds. No bond shall be required of the original Managing ----- Trustee hereunder, and no bond shall be required of any successor Managing Trustee hereunder. If a bond is required by law, no surety or security with respect to such bond shall be required unless required by law.

Appears in 14 contracts

Sources: Liquidating Trust Agreement (PLM Equipment Growth Fund Iii), Liquidating Trust Agreement (American Income Fund I-E LTD Partnership), Liquidating Trust Agreement (American Income Fund I-C LTD Partnership)

Bonds. No Even if required by law, no bond shall be required of the original Managing Trustee hereunder, and no bond shall be required of any successor Managing Trustee hereunder. If ; if a bond is required by lawlaw and such requirement cannot be waived, no surety or security with respect to such bond shall be required unless required required. All costs of any such bond shall be borne by lawthe Trust.

Appears in 2 contracts

Sources: Liquidating Trust Agreement (Northland Cable Properties Eight Limited Partnership), Liquidating Trust Agreement (Northland Cable Properties Seven Limited Partnership)

Bonds. No bond shall be required of the original Managing Liquidating Trustee hereunder, and no bond shall be required of any successor Managing Liquidating Trustee hereunder. If a bond is required by law, no surety or security with respect to such bond shall be required unless required by law.

Appears in 2 contracts

Sources: Liquidating Trust Agreement (Afg Investment Trust D), Liquidating Trust Agreement (Afg Investment Trust C)

Bonds. No Unless a bond is required by law, no bond shall be required of the original Managing Trustee hereunder, and no bond shall be required of or any successor Managing Trustee hereunder. If a bond is required by law, no surety or security with respect to such bond shall be required unless required by law.

Appears in 1 contract

Sources: Joint Litigation Trust Agreement (Siena Holdings Inc)