Escrow Bond definition
Escrow Bond shall have the meaning given to such term in the Indenture.
Escrow Bond means money deposited with the State Treasurer in trust, said money shall be placed in an account in the name of the West Virginia Division of Labor and the employer. An employer who cannot provide either a surety bond or collateral bond must deposit with the West Virginia Division of Labor the amount of money set forth in W. Va Code '21-5-14(a).
Examples of Escrow Bond in a sentence
Whenever an Employer is delinquent, the oversight committee identified in Section 24.2 may require such Employer to post a larger Letter of Credit, Cash Escrow, Bond or combination thereof.
Review and approve Engineering cost estimates for development improvements and provide details for any applicable Escrow Bond.