Collateral bond definition

Collateral bond means the Original Collateral Bond and any Additional Collateral Bond.

Collateral bond means an indemnity agreement in a sum certain payable only to the state and executed by the permittee or applicant as principal which is supported by one or more of the following:

Collateral bond means an indemnity agreement for a fixed amount, payable to the department, executed by the owner and supported by the deposit with the department of cash, negotiable bonds of the United States (not treasury certificates), state or municipalities of the United States, negotiable certificates of deposit or an irrevocable letter of credit of any bank organized or authorized to transact business in the United States or other surety acceptable to the department.

Examples of Collateral bond in a sentence

• Accepted POs shall be binding on the Parties (and may not be cancelled or changed by either Party without the written consent of the other Party).

• Collateral bond; This is an indemnity agreement executed by or for the operator, and payable to the state of Idaho, pledging cash deposits, governmental securities, or negotiable certificates of deposit of any financial institution authorized to do business in Idaho.

• Collateral bond: This is an indemnity agreement executed by or for the Permittee, and payable to the Idaho Department of Lands, pledging cash deposits, governmental securities, or negotiable certificates of deposit of any financial institution doing business in the United States.

• Collateral bond: This is an indemnity agreement executed by or for the permittee, and payable to the Idaho Department of Lands, pledging cash deposits, governmental securities, or negotiable certificates of deposit of any financial institution doing business in the United States.

• Globally, there are generally three types of reclamation bonds:(1) Corporate surety bond;(2) Collateral bond (cash, certificates of deposit, letter of credit, liens in property, government bond, investment grade securities (stock); and(3) Self-bonds (legally binding corporate promise without separate surety or collateral that meets certain financial tests).

More Definitions of Collateral bond

Collateral bond means an indemnity agreement in a sum certain payable to the cabi- net executed by the permittee and that is supported by the deposit with the cabinet of cash, negotiable certificates of deposit, or an irrevocable letter of credit of any bank organized and authorized to transact business in the United States.

Collateral bond means an indemnity agreement in a sum certain executed by the permittee and deposited with the division supported by one or more of the following:

Collateral bond means a bond signed by the timber buyer as principal and accompanied by a bank certificate of deposit.

Collateral bond means an indem- nity agreement in a sum certain exe- cuted by the permittee as principal which is supported by the deposit with the regulatory authority of one or more of the following:

Collateral bond means an indemnity agreement in a sum certain payable to the state of North Dakota executed by the permittee and which is supported by the deposit with the commission of cash, negotiable bonds of the United States or of North Dakota, or negotiable certificates of deposit of any bank authorized to do business in North Dakota, or an irrevocable standby letter of credit issued by a federally insured or equivalently protected bank authorized to do business in the United States, payable only to the commission upon presentation.

Collateral bond means an indemnity agreement in a sum certain payable to the Department or executed by the permittee and supported by one or more of the following:

Collateral bond means an indemnity agreement in a sum certain executed by the permittee as principal which is supported by the deposit with the Division of: (a) a cash account, which will be the deposit of cash in one or more federally-insured or equivalently protected accounts, payable only to the Division upon demand, or the deposit of cash directly with the Division; (b) negotiable bonds of the United States, a State, or a municipality, endorsed to the order of, and placed in the possession of, the Division; (c) negotiable certificates of deposit, made payable or assigned to the Division and placed in its possession, or held by a federally insured bank; (d) an irrevocable letter of credit of any bank organized or authorized to transact business in the United States payable only to the Division upon presentation; (e) a perfected, first lien security interest in real property in favor of the Division; or (f) other investment grade rated securities having a rating of AAA or AA or A, or an equivalent rating issued by a nationally recognized securities rating service, endorsed to the order of, and placed in the possession of, the Division.