Replacement Bond definition

Replacement Bond means Bonds issued to Beneficial Owners in accordance with Section

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Replacement Bond means a Contractor’s Bond that:

Replacement Bond a bond substantially in the form of this Agreement with an authorised person or firm as defined in Schedule 2 Part 3 paragraph 7 of the Regulations;

Examples of Replacement Bond in a sentence

• Within 14 days of receipt of a Replacement Bond, the Principal shall release the Contractor and the surety from their liability under the previous bond.

• Where the Contractor is required to provide a Replacement Bond, the Principal will not be liable to make any further payments under the Contract until the Contractor has delivered the Replacement Bond to the Principal.

• Any such Replacement Bond shall be executed and authenticated as provided in this Indenture.

• The Department reserves the right to require additional bonding from the Operator through an amendment to this Blanket Bond or a Replacement Bond, as provided by law, which additional bonding shall be a supplement to and augment the bond liability provided herein.

• The Contractor shall provide to the Principal the Replacement Bond promptly on request.

More Definitions of Replacement Bond

Replacement Bond means a Bond issued to an Owner in accordance with Section 207

Replacement Bond means a Contractor’s Bond that: is from a bank registered in New Zealand, or where the surety is not a bank registered in New Zealand, from a surety with a minimum Standard & Poor’s long term unsecured credit rating of A; is from a surety that has an office or location within New Zealand where it is possible to call on the bond; complies with the form set out in Schedule 3; is for an amount equal to 5% of the Contract Price; and is properly executed by the Contractor and the named surety School Means the board of trustees of the school named in the Special Conditions acting by and through its duly authorised representative Weathertightness Requirements Means the requirements set out in the document titled "Weathertightness Design Requirements for New School Buildings" (Version 3.0, September 2020) as amended from time to time Refer: ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇▇.▇▇/assets/Documents/Primary-Secondary/Property/Design/Weathertightness-Design-Requirements-25-September-2020.pdf

Replacement Bond means a bond purchased by the Trustee pursuant to Section 3.14 hereof.

Replacement Bond a bond or an indemnity in a form approved by the Administering Authority [and the Scheme Employer] to secure the payment of the Scheme Liabilities.]

Replacement Bond means each bond or other surety arrangement obtained by Purchaser on behalf of Salvage Disposal in replacement of an Existing Bond.

Replacement Bond has the meaning set forth in Section 7.15.

Replacement Bond means a bond 7.1. for the Bond Sum adjusted in accordance with Clause 8;