Common use of Initial Surety Bond Clause in Contracts

Initial Surety Bond. To support its obligation to make the Termination Payment hereunder, the Seller hereby agrees to deliver, concurrently with the Confirmation Letter, the Initial Surety Bond.

Initial Surety Bond. To support its obligation to make the Termination Payment hereunder, the Seller hereby agrees to deliver, concurrently with the Confirmation Letter, deliver the Initial Surety BondBond on or before the date set forth in the Confirmation Letter for payment of the Prepaid Price.