Surety’s Obligations. 21.1 IF the Owner and Developer at any time fails to perform or observe any of the conditions stipulations or obligations on his part contained in this Agreement or if a receiving order in bankruptcy is made in respect of the Owner and Developer’s estate or if the Owner and Developer is being wound up or if the Owner and Developer enters into a composition or scheme of arrangement (otherwise than for the purposes of reconstruction or amalgamation) the Director may without prejudice to any statutory rights or powers or any other right claim remedy under this Agreement by sending to the Surety notice in writing (hereinafter referred to as the “Default Notice”)
Surety’s Obligations. When Owner has satisfied the conditions of Section 4.1, the Surety shall promptly take one of the following actions, at the Surety's expense:
Surety’s Obligations. When a Claimant has satisfied the conditions of Section 5.1, the Surety shall promptly take the following actions at the Surety's expense:
Surety’s Obligations. Surety’s obligations are co-extensive with Contractor’s obligations under the Contract. If Contractor fully performs its obligations under the Contract, including its warranty obligations under the Contract, Surety’s obligations under this Bond will become null and void. Otherwise, Surety’s obligations will remain in full force and effect.
Surety’s Obligations. The Surety’s obligations under this agreement shall remain in full force and effect until such time as the Administering Authority certifies that all costs, charges, liabilities and debts arising under, through or from the Transferee Admission Body’s participation in the Fund as detailed in the Admission Agreement shall be deemed to have been met in full and discharged accordingly by the Transferee Admission Body or by the Surety having satisfied and discharged the damages or other sums due from the Transferee Admission Body arising therefrom (together with any recoverable costs and statutory interest) up to the amount of the Secured Amount.
Surety’s Obligations. Surety’s obligations are co-extensive with Contractor’s obligations under the Contract. If Contractor fully performs its obligations under the Contract, including its warranty obligations under the Contract, and Contractor has timely provided a warranty bond as required under the Contract, Surety’s obligations under this Bond will become null and void upon City’s acceptance of the Project, excluding any exceptions to acceptance, if any. Otherwise, Surety’s obligations will remain in full force and effect until expiration of the one-year warranty period under the Contract.
Surety’s Obligations. 22.1 IF the Developer at any time fails to perform or observe any of the conditions stipulations or obligations on his part contained in this Agreement or if a receiving order in bankruptcy is made in respect of the Developer’s estate or if the Developer is being wound up or if the Developer enters into a composition or scheme of arrangement (otherwise than for the purposes of reconstruction or amalgamation) the Director may without prejudice to any statutory rights or powers or any other right claim remedy under this Agreement by sending to the Surety notice in writing (hereinafter referred to as the “Default Notice”)
Surety’s Obligations. 23.1 If any of the default events listed in clause 33 (Default Events) occur, the Head of Legal Services may, without affecting any statutory rights or powers or any other right, claim, or remedy under this agreement for such non- performance or non-observance, give to the Surety a Default Notice:
Surety’s Obligations. When a Claimant has satisfied the conditions of Section 3, the Surety shall promptly take the following actions at the Surety's expense:
Surety’s Obligations. 21.1 If any of the default events listed in clause 31 occur, the Assistant Director Legal Services may, without affecting any statutory rights or powers or any other right, claim, or remedy under this agreement for such non-performance or non-observance, give to the Surety a Default Notice:
