Examples of Bond Section in a sentence
If a Bid Guaranty (Section C-7) is provided in lieu of a Bid Bond (Section C-6), the Bidder shall attach a notarized statement from Surety(ies) proposed to be utilized on the project, indicating Bidder's total bonding capacity and certifying that: (1) currently available bonding capacity exceeds $1,000,000 and (2) Surety(ies) will provide bonding in the event that Bidder is awarded the project.
In the event the remaining Advance Stumpage Fee Deposit is less than the amount due, Purchaser must pay the amount due within FIFTEEN (15) DAYS of final reconciliation or if Purchaser fails to do so, the University may take payment from the Performance Bond (Section 12).
Only Bids submitted with the following forms will be read aloud publicly: Bid Form (Section 00300), Acknowledgment of Addenda (Section 00300, Paragraph 1.3.1), Bid Bond (Section 00310), Statement of Proposed SBE Utilization Form (Section 00350-1) and associated Letters of Intent to Perform as a Subcontractor/Supplier (Section 00351-1) or a fully documented waiver packet, and List of Major Subcontractors and Suppliers (Section 00330).
The ministry of Economy and Financepursuant to article 66 of the CLF, may participate in the System as a Member of the Bond Section.
The Settlement Agent must be unique for all the Sections except for the ICSD Bond Section for which it is possible to appoint a different Settlement Agent from the other Sections and it is possible to appoint different Settlement Agents for different Trading Clients.