Surety Bonds definition

Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

Surety Bonds means all bonds issued for the account of the Company or any Subsidiary to assure the performance thereby (or to the extent issued in the ordinary course of business, any other Person) under any contract entered into in the ordinary course of business.

Surety Bonds means surety or other similar bonds required to be posted by the Company and its Restricted Subsidiaries in the ordinary course of their respective businesses or posted on behalf of Affiliates in the ordinary course of their respective businesses.

Examples of Surety Bonds in a sentence

• Estimated Amount put toTenderRs 92,40,724/-ii)Earnest Money Deposit (EMD)Rs. 2,18,100/- (Rupees Two Lakh Eighteen Thousand One Hundred Only.) The EMD shall be in the form of Insurance Surety Bonds, Account Payee Demand draft, Fixed Deposit Receipt, Bankers Cheque or shall be paid by RTGS in favour of F.A. & C.A.O., NMPA.

• Unless otherwise stipulated in Tender Document or Contract, Insurance Surety Bonds/ Account Payee Demand Draft/ Fixed Deposit Receipt from any Commercial Bank in India/ Online Payment in an acceptable form safeguarding the Procuring Entity’s interest/ Bank Guarantee (including an e-Bank Guarantee) issued by a Nationalized/ commercial bank in India, favouring the authority mentioned in therein (or FA&CAO of the Procuring Organisation, if not mentioned).

• Surety Bonds guaranteed through U.S. Government Small Business Administration or Contractors Training and Development Inc.

• Performance, Bid and Surety Bonds The Company provides standby letters of credit and performance, bid and surety bonds through financial intermediaries to various customers in support of project contracts for the successful execution of these contracts.

• The EMD shall be in the form of Insurance Surety Bonds, Account Payee Demand draft, Fixed Deposit Receipt, Bankers Cheque, Bank Guarantee as per Annexure 9 or shall be paid by RTGS in favour of F.A. & C.A.O., NMPA.

More Definitions of Surety Bonds

Surety Bonds surety bonds for which any Group Member is liable that were obtained to secure performance commitments of any Group Member.

Surety Bonds. The Limited Purpose Surety Bonds, Policy No. AB0039BE and Policy No. AB0240BE, issued by Ambac Assurance Corporation for the benefit of certain beneficiaries, including, with respect to the Additional Collateral Loans, the Trustee for the benefit of the Certificateholders.

Surety Bonds has the meaning set forth in Section 6.15.

Surety Bonds shall have the meaning set forth in Section 4.12(a).

Surety Bonds means the bonds, undertakings and other like obligations executed by a Surety for the Parent subject to an Indemnity Agreement and a Subordination Agreement, in a maximum aggregate principal amount of $30,000,000 for all Sureties, provided, that this definition shall not include Performance Surety Bonds as defined in the Guaranty.

Surety Bonds or “Surety” means one or more unconditional and irrevocable surety bonds issued by a domestic or foreign insurance company which (i) qualifies as a Cash Equivalent under the General Resolution, (ii) guarantees certain payments into the Capital Reserve Fund with respect to the Bonds as provided therein and subject to the limitations set forth therein, and (iii) is not subject to cancellation.

Surety Bonds means the surety bonds provided by the Debtors to third parties, pursuant to state and federal law, to secure the Debtors’ payment or performance of certain other obligations, including obligations owed to state or federal agencies, contractual obligations and obligations required by law.