Examples of Bonded Contracts in a sentence
BHSI shall retain the right to remove the Reorganized Debtor from any of the projects associated with the BHSI Bonded Contracts for any or no reason, in BHSI's sole and absolute discretion, and to utilize any and all acknowledgments of default takeover, tender, assign, or arrange for the completion of the same through a completing contractor, in BHSI’s sole and absolute discretion.
BHSI’s advances to the Debtor are secured by, inter alia, first priority liens on the BHSI Bonded Contracts and their proceeds, and junior liens on substantially all of the Debtor’s other assets.
Projections show that without action, the amount undergraduates are expected to pay each year through loans, work-study, or family contributions [self-help] could nearly double in 10 years, from about $8,500 a year now to $16,400.
The Trust Account serves as the vehicle for payment of subcontractors and suppliers on the Travelers Bonded Contracts.
ASSIGNMENTS: In the event of a Default, Principal and Indemnitors do hereby assign, transfer and set over to [the] Surety, all of their rights under all Bonded Contract(s) including .
Whereas the Court previously found that there was a genuine issue of material fact “regarding whether the Board properly declared D&D in default and when such default occurred,” we now note that the GIA requires only the declaration of default, not a procedurally proper andjustified default, to trigger the assignment of “any and all sums due, or tobecome due under the Bonded Contract(s) at or after the time of such Default” under … the GIA ….(Dkt.
As to each Surety (other than Chubb and Sure Tec) Agent shall be satisfied, in its sole discretion, that the priority and scope of the rights of such Surety in connection with the Chapter 11 Case and Borrowers, including, without limitation, such Surety’s rights as a Lien holder, subrogee, trust fund beneficiary, or otherwise under applicable law, and the application and receipt of proceeds of Bonded Contracts, is acceptable to Agent.
Travelers shall retain the right to remove the Reorganized Debtor from any of the projects associated with the Travelers Bonded Contracts for any or no reason, in Travelers' sole and absolute discretion, and to utilize any and all acknowledgments of default takeover, tender, assign, or arrange for the completion of the same through a completing contractor, in Travelers’ sole and absolute discretion.
Indemnitors hereby undertake the duty to notify Surety at the earliest practicable moment of: (i) any material change in the terms or provisions of any of the Bonded Contracts that would materially and adversely affect Surety; and (ii) any material change in any representation made in this Agreement or in any other document or provided to Surety in connection with its obligations of suretyship that would materially and adversely affect Surety.
Such funds may be advanced or guaranteed at any time, whether before or after default of such Indemnitor under the Bonded Contracts.