Bond Liability definition

Bond Liability means, at any time, the sum of (i) the aggregate amount then available to be drawn or that may thereafter be drawn under Bonds then outstanding, and (ii) all amounts that have theretofore been paid on a Bond and that have not been reimbursed or repaid to the issuer thereof.
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Examples of Bond Liability in a sentence

  • In making such calculation, the Estimated Cost of the Work shall exclude the Contractor Fee itself, Performance and Payment Bond, Public Works Bond, Liability Insurance premium, and any other cost or charge which this Contract states is not to be included in calculating the Contractor Fee, but shall include Allowances, selected alternates, Cost for General Contractor Work, and reasonable Contractor contingencies as designated in the GMP Supporting Documents.

  • You are required to choose and pay for either "Standard Bond Liability", “Liability Reduction Option 1” or “ALL INCLUSIVE” for the remaining days of the Rental Period.

  • Re: “Allocation of Preliminary Injunction Bond Liability under the Joint Prosecution/Common Interest Agreement,” from ▇▇▇▇▇ ▇.