Bond Requirement. Duke Energy Kentucky shall not be required to post a bond pursuant to K.R.S. 96.020(1) based upon the fact that it already owns a plant and equipment sufficient to render the service required under the Franchise hereby established. RECEIVED
Bond Requirement. Depending on the individual project, the Contractor may be required to furnish the Contracting Agency the following bonds, which shall become binding upon the award of the contract to the Contractor.
Bond Requirement. The Executive Director and such other persons employed by the Stanislaus Council of Governments as may be designated by the Stanislaus Council of Governments Policy Board, shall file with the Stanislaus Council of Governments Policy Board an official fidelity bond in a penal sum determined by the Stanislaus Council of Governments Board as security for the safekeeping of the Stanislaus Council of Governments’ property entrusted to the employee. However, if the Executive Director or other such persons designated are already bonded by another agency, no additional bonding shall be required by this section. Premiums for any bonds required under this section shall be paid by the Stanislaus Council of Governments.
Bond Requirement. Prior to the disbursement of any proceeds under this Agreement to CPC by the HTFC, CPC shall furnish to HTFC a blanket position fidelity bond (the "Bond") or its equivalent in insurance naming CPC as insured and HTFC as sole loss payee with a limit of liability in the amount determined by HTFC in accordance with the Policies and Procedures of HTFC covering all employees, executive officers and corporate directors of CPC who are or will be authorized by CPC to receive, handle, or disburse the proceeds of the Award ("Bonded Persons") with terms and in a form acceptable to HTFC in accordance with the Policies and Procedures of HTFC.
Bond Requirement. Section 1. Unless waived by mutual consent between the Association and the Union, any employer who has materially defaulted on any monetary obligation arising under this Agreement or any preceding Agreement and which default was not, or is not corrected after written notice to the offending employer, then said offending employer shall be required to obtain and maintain during the term of this Agreement a surety bond in the amount of $25,000 guaranteeing to employees that payment of wages and fringe benefits accruing to them under the terms of this Agreement.
Bond Requirement. The Administrator shall, before commencing his/her respective duties, execute a bond with a surety company authorized to do business in the State of Kansas, as surety, payable to the Pool and conditional upon the faithful discharge of his/her duties. The bond shall be in such an amount as is determined by the Board to be sufficient to protect the Pool against the misappropriation or misuse of any moneys or securities
Bond Requirement. (a) If the Coordinator has determined that a protest is Xxxxxxxxx and the Protestant does not withdraw the protest, the Protestant shall be required to post a bond in an amount not less than 10% of the Estimated Contract Value.
Bond Requirement. Payment and Performance Bonds, when required, will be made in accordance with the forms prepared by the County and incorporated herein. When requested, each bid must be accompanied either by a certified or cashier’s check for 5% of the total amount bid, payable to the Lewis County Treasurer, or an approved bid bond, by a surety company authorized to do business in the State of Washington, for 5% of the total amount bid. The check or bid bond is security that the bidder will, if awarded the bid, enter into a contract with the County for the equipment, service(s) and performance(s) specified within the time set forth in these requirements. Any bidder who refuses to enter into a contract after it has been awarded to the bidder will be in breach of this agreement to enter into the contract and the bidder’s certified or cashier’s check or bid bond shall be forfeited. If a bid bond is used, the 5% may be shown either in dollars and cents, or may be filled in as follows: “5% of the total amount accompanying the proposal.” Upon award and signing of the contract, the bid security will be returned if by check, or will automatically expire if a bid bond. The bid securities of all other bidders will be processed in the same manner immediately upon award of the contract.
Bond Requirement. 10.3.1 Depending on the individual project, the Contractor may be required to furnish the contracting County department the following bonds, which shall become binding upon the award of the project to the contractor.
Bond Requirement. All of the Trustees and each Employee employed by the Trustees who may be engaged in receiving or withdrawing of monies of the Trust Fund shall be bonded in an amount which shall not be less than ten percent (10%) of the amount of the funds handled by the Trustees, or such Employee, as the case may be. In no event shall such bond be less than One Thousand Dollars ($1,000) nor more than Five Hundred Thousand Dollars ($500,000), except that if the Secretary of Labor, pursuant to the provisions of ERISA, shall direct a bond in excess of Five Hundred Thousand Dollars ($500,000), the bond shall be in such amount as the Secretary shall direct. The cost of premiums for such bonds shall be paid out of the Trust Fund.
