Release Bond definition

Release Bond has the meaning given to such term in Section 5(c) of this Agreement.
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Examples of Release Bond in a sentence

  • Nothing contained herein shall prevent the Authority, at the cost and for the account of StadCo, from obtaining and filing, at StadCo’s expense, a Lien Release Bond, in the event StadCo fails or refuses to furnish the same within said thirty (30)-day period (or such longer period as is reasonably necessary to procure such bond but not to exceed sixty (60) days), in which event StadCo shall reimburse the Authority for the premium on such bond plus interest at the Default Rate.

  • If any Subcontractor or Sub-subcontractor serves a Stop Notice (bonded or otherwise) on Owner, Contractor shall, if requested by Owner and at Contractor's expense, furnish a Stop Notice Release Bond (separate and apart from any other bond provided by the Contractor hereunder) that is in full compliance with the then-current laws, rules, regulations and ordinances of the state and the locality where the Project is located.

  • In the event that Tenant does dispute or contest such bills, it shall, promptly upon the written request of Landlord, record at Tenant’s sole cost and expense a Mechanic’s Lien Release Bond to free the premises from the applicable mechanic’s lien to the extent filed.

  • The Parties agree that the Bond shall be released by the district court as part of or following the submission of the Stipulation to Release Bond, along with the Stipulation of Dismissal and Satisfaction of Judgment.

  • If Buyer fails to cause the release of record of any lien(s) filed against the Property (or any portion thereof) by payment of the lien amount or by obtaining and recording a “Release Bond” pursuant to applicable Arizona law within ten (10) days from the date of the lien filing(s), then Seller may, at Buyer’s expense, cause such lien(s) to be released by any means Seller deems proper, including, but not limited to, payment of the claim giving rise to the lien(s) or obtaining and recording a Release Bond.

  • In the event that a dispute arises between Tenant and Tenant’s Contractor over Tenant’s Contractor’s bills, invoices and statements which result in the filing of a mechanic’s lien, Tenant shall promptly, upon written request of Landlord, record, at Tenant’s sole cost and expense a Mechanic’s Lien Release Bond to free the Premises from the applicable mechanic’s lien.

Related to Release Bond

  • Release means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • government guaranteed bond means a bond of the Government of Canada or a bond unconditionally guaranteed as to principal and interest by the Government of Canada that is:

  • covered bond means a debt security issued by any member of the banking group, for which repayment to holders is guaranteed by a SPV, and investors retain an unsecured claim on the issuer.