Construction Bonds. Bonds issued by surety bond companies for the benefit of, and as required by, municipalities or other political subdivisions to secure the performance by the Borrower, M/I Homes, Inc. or M/I Homes Construction, Inc. of their respective obligations relating to lot improvements and subdivision development and completion.
Appears in 2 contracts
Sources: Credit Agreement (M I Schottenstein Homes Inc), Credit Agreement (M I Schottenstein Homes Inc)
Construction Bonds. Bonds issued by surety bond companies for the benefit of, and as required by, municipalities or other political subdivisions to secure the Company's performance by the Borrower, M/I Homes, Inc. or M/I Homes Construction, Inc. of their respective its obligations relating to lot improvements and subdivision development and completion.
Appears in 1 contract
Sources: Note Purchase Agreement (M I Schottenstein Homes Inc)