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 ▇▇▇▇▇ ▇.

Related to Bond Liability

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • AND LIABILITY LIMITS State Street shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Liability means any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

  • Guarantee/Warranty/ Defect Liability Period (DLP) means the period and other conditions governing the warranty/guarantee/defect liability period of the services as provided in the Contract.