Administration Bonds definition
Administration Bonds means any Tendered Bond registered in the name of the Administration and not pledged to the Bank.
Examples of Administration Bonds in a sentence
SECTION 4: The Trustees of the Floor Covering Contract Administration Trust shall, among their duties more specifically described in the Agreement and Declaration of Trust, be empowered and specifically authorized to receive and to hold the Contract Administration Bonds required to be posted and/or deposited in accordance with the provisions of ARTICLE 21 of this Agreement.