SECURITY DEPOSIT/BOND. (a) At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 0000 Xxxxxxxx (xx 00xx Xxxxxx), Xxx Xxxx, Xxx Xxxx 00000-0000, cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, or other acceptable liquid financial instruments assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS which shall be satisfactory to AGMA. AGMA shall be the sole judge as to whether the form, financial responsibility and amount of such cash, certified check, savings account passbook, assigned CD, irrevocable letter of credit, or other acceptable liquid financial instruments assigned to the American Guild of Musical Artists, Inc., is satisfactory, and the EMPLOYER shall not be deemed to have performed its obligation under this Agreement until the same has been approved by AGMA. XXXX agrees that the security bond for EMPLOYER will be limited to one (1) week's salary for the members of the company.
SECURITY DEPOSIT/BOND. Prior to performing any work necessary under this Agreement, LICENSEE will deliver to the Township a valid performance bond in the sum of five thousand dollars ($5,000.00), issued by a surety company acceptable to the Township's Controller in the form attached hereto as Exhibit B. LICENSEE agrees and acknowledges that it will obtain a bond which allows for the use of the bond to cover incidental expenses and costs, damages and fees not covered by any insurance policies including but not limited to: interest, charges by the Township to remove DAS/Small Cell Networks and unpaid permit and administrative fees. LICENSEE shall keep such surety bond, at its expense, in full force and effect until the sixtieth (60th) day after the Expiration Date or other termination hereof, to insure the faithful performance by LICENSEE of all of the covenants, terms and conditions of this Agreement. Such bond shall provide thirty (30) days prior written notice to the Township of cancellation or material change thereof. In the event of any non-extension of the bond, LICENSEE shall replace such security with another form permitted hereunder at least ten (10) days prior to expiration and if LICENSEE fails to do so the Township shall be entitled to present its written demand for payment of the entire face amount of such bond and to hold the funds so obtained as the Security Deposit required hereunder. Any unused portion of the funds so obtained by the Township shall be returned to LICENSEE upon replacement of the bond or deposit of cash security in the full amount required hereunder. Such bond submitted pursuant to the requirements of a related Metro Permit shall satisfy the bond requirements of this Agreement.
SECURITY DEPOSIT/BOND. As a condition of the issuance of this Permit, the Permittee shall obtain and maintain a bond, in the amount of $1,000.00 per small cell wireless facility, in a form reasonably satisfactory to the City/Village/Township, for the small cell wireless facilities for the following purposes:
SECURITY DEPOSIT/BOND. Prior to performing any work necessary under this Agreement, and with respect to all such work, Licensee will deliver to the Road Commission a valid performance bond in the sum of __________ thousand dollars ($___,000), issued by a surety company acceptable to the Road Commission’s Controller in the form attached hereto as Exhibit A “Licensed Locations.” Licensee agrees and acknowledges that it will obtain a bond which allows for the use of the bond to cover incidental expenses and costs, removal expenses, restoration expenses, damages and fees not covered by any insurance policies including but not limited to: interest, charges by the Road Commission to remove Facilities and unpaid permit and administrative fees. Licensee shall keep such surety bond, at its expense, in full force and effect until the sixtieth (60th) day after the expiration or other termination hereof, to insure the faithful performance by Licensee of the covenants, terms and conditions of this Agreement. Such bond shall provide thirty (30) days prior written notice to the Road Commission of cancellation or material change thereof. In the event of any non-extension of the bond, Licensee shall replace such security with another form permitted hereunder at least ten (10) days prior to expiration and if Licensee fails to do so the Road Commission shall be entitled to present its written demand for payment of the entire face amount of such bond and to hold the funds so obtained as the security deposit required hereunder. Any unused portion of the funds so obtained by the Road Commission shall be returned to Licensee upon replacement of the bond or deposit of cash security in the full amount required hereunder.
SECURITY DEPOSIT/BOND. (a) At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 0000 Xxxxxxxx (xx 00xx Xxxxxx), Xxx Xxxx, Xxx Xxxx 00000-5284, cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, or other acceptable liquid financial instruments assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS which shall be satisfactory to AGMA. XXXX agrees that the security bond requirement for EMPLOYER will be satisfied by providing AGMA with a lien on EMPLOYER'S Endowment in the amount of one (1) week's salary for the members of the company.
