Appeal Bond definition

Appeal Bond means a type of bond that guarantees payment of an amount that may be owed after the completion of an appeal process;
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Appeal Bond means any bond or similar security (including but not limited to appeal bonds and attachment bonds) required to stay or delay the execution of any judgment for Loss pending appeal. The Insurer shall make a good faith effort to obtain an Appeal Bond if such a judgment is rendered and an appeal is intended, provided that the Insurer shall be under no obligation to write a bond itself or to obtain a bond from its parents, affiliates or subsidiaries, and provided, further, that for any given appeal if the Named Corporation cannot using reasonable diligence obtain an Appeal Bond and the Insurer elects not to write such a bond, the Insureds shall not be required to pursue such an appeal. If the Insurer or any of its affiliates elects to write any Appeal Bond, the reasonable market cost of the Appeal Bond shall be deemed not to be Loss in relation to the Retention, and as such shall not diminish the Retention (unless
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Appeal Bond shall have the meaning set forth in the recitals.
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Examples of Appeal Bond in a sentence

  • Solutia shall provide to Monsanto, or to the surety or bonding company of Monsanto's choosing (the "Monsanto Surety"), on or before November 15, 2002, with a letter of credit in the form attached hereto as Exhibit C (the "Solutia LOC") as collateral necessary to secure the Pennsylvania Litigation Appeal Bond that has a present cash value of no less than $20 million (the "Solutia Funds").

  • The parties hereby further agree, for purposes of clarification, that the Additional Solutia LOC is in addition to and not in lieu of the Solutia LOC delivered to Monsanto under the Protocol Agreement and that as a result of Solutia's delivery to Monsanto of the Additional Solutia LOC pursuant to the terms of this Amendment, Monsanto shall have an aggregate of $59,900,000 in collateral support available to it with respect to the Pennsylvania Litigation Appeal Bond.

  • Monsanto shall obtain a bond sufficient to stay execution of the Judgment pending the Appeal (the "Pennsylvania Litigation Appeal Bond").

  • Such commitment shall be payable by any exercising holder when, as and if the Appeal Bond is drawn upon, as further described in the documents to be prepared and filed with the SEC in connection with the Rights Offering.

  • On or prior to the Closing, the Buyer shall either (i) replace the Appeal Bond ▇▇.

  • Subject to the execution and delivery of this Agreement by the parties hereto and the satisfaction by the Borrowers of the requirements of this Agreement, the Indemnitor has agreed to indemnify the Surety with respect to any losses or expenses suffered by the Surety in connection with the Appeal Bond.

  • The Borrowers hereby unconditionally covenant and agree to reimburse and/or pay to the Indemnitor all amounts which the Indemnitor shall have paid to the Surety pursuant to any payments under the Appeal Bond on the day immediately following the date of any such payment (each, a “Repayment Date”).

  • On May 31 of each year, if, on such date, the Appeal Bond shall continue to be posted and the Indemnitor shall continue to agree to indemnify the Surety with respect to the Appeal Bond, the Borrowers hereby unconditionally covenant and agree to pay to the Indemnitor a renewal fee in the amount of two and one-half percent (2-1/2%) of the face amount of the Appeal Bond then posted.

  • International Fidelity Insurance Company is released 3 from any obligation pursuant to the Appeal Bond on file in this action, effective and final as of the 4 date of entry of this order.

  • Subject to but concurrently with the execution by Pegasus Fund IV of the Appeal Bond Agreements, the Company shall issue to Pegasus Fund IV that number of Series K Securities (the “Purchased Series K Securities”) equal to the quotient obtained by dividing (i) the aggregate amount of the bonds, undertakings, guarantees and/or contractual obligations underlying Pegasus Fund IV’s initial commitment with respect to the Appeal Bond by (ii) $1,000.