Bonding Agreement definition
Examples of Bonding Agreement in a sentence
The Borrower and its Subsidiaries are in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and no default has occurred thereunder.
The Borrower and its Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, and (ii) be in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and shall not permit a default to occur thereunder, as set forth in, or otherwise permitted by, Section 6.25.
No Loan Party shall modify any term of any Bonding Agreement such that the Property subject to any Lien in favor of the Bonding Company attaches to any Property not directly connected to the applicable Bond.
For the construe and fulfillment of this General Bonding Agreement, the parties submit to the laws and courts of Mexico City, waiving any other jurisdiction that could correspond them in the present or in the future.
The Loan Parties have provided to the Administrative Agent a true and correct copy of the Bonding Agreement.