Interim Bond definition
Examples of Interim Bond in a sentence
The Contractor shall have delivered to the Employer as a Condition Precedent the duly executed Performance Security and the Interim Bond (the latter in relation to the first payment only in accordance with Attachment C).
Absent manifest error, the Administrator’s determination of the amounts set out on Schedule A to the Series 2015X Interim Bond shall be conclusive evidence thereof.
Upon receipt of the Series 2015X Final Bond, the Administrator shall return the Series 2015X Interim Bond to Borrower marked cancelled.
The Company ----------------------------------------- shall pay the principal amount of each Interim Bond Loan on the earlier of (i) receipt by the Lenders of the proceeds from remarketing of the Bonds purchased with the Bond L/C Drawing giving rise to such Interim Bond Loan, (ii) ninety (90) days after the date that such Bonds are purchased by a Bond L/C Drawing, or (iii) the Revolving Loan Maturity Date.