Surety Requirements. a Licensee shall furnish a Surety Bond or irrevocable Letter of Credit satisfactory to the Licensor according to the following criteria: Poles Security 1 - 50 $10,000 51 - 500 $75,000 501 - 2000 $300,000 2001 - 3000 $450,000 3,000 + $500,000 b. The maximum security limit required is $500,000.
Appears in 3 contracts
Samples: Assignment Agreement, Assignment Agreement, Assignment Agreement
Surety Requirements. a 12.1 Licensee shall furnish a Surety Bond or irrevocable Letter of Credit satisfactory to the Licensor according to the following criteria: Poles Security 1 - 50 $10,000 51 - 500 $75,000 501 - 2000 $300,000 2001 - 3000 $450,000 3,000 + $500,000 b. 12.2 The maximum security limit required is $500,000.
Appears in 2 contracts
Samples: Pole Attachment Agreement, Pole Attachment Agreement
