Surety Requirements. 5.1 The Grantee understands and agrees that it shall be liable to repay to the Agency any funds not expended in accordance with this grant, or determined to be expended in violation of the terms of this grant and under OMB’s UG including loss arising from a fraudulent or dishonest act of the Grantee’s officers and employees holding positions of fiduciary trust.
Surety Requirements. Licensee shall furnish bond or other satisfactory evidence of financial security in an amount specified as follows to guarantee the payment of any sums which may become due to the Licensor for attachment fees due hereunder and any other charges for work performed for Licensee, by the Licensor, including the removal of Licensee’s facilities upon termination of any authorization issued hereunder.
Surety Requirements a Licensee shall furnish a Surety Bond or irrevocable Letter of Credit satisfactory to the Licensor according to the following criteria: Poles Security 1 - 50 $10,000 51 - 500 $75,000 501 - 2000 $300,000 2001 - 3000 $450,000 3,000 + $500,000 b. The maximum security limit required is $500,000.
Surety Requirements. Respondents indicating "BID BOND" below shall utilize the "Attachments" section of this portal to submit their documentation. Failure to provide a valid surety instrument shall result in disqualification. The required Bid Bond Template is provided on the County's Forms and Resources website (xxxxx://xxx.xxxx.xxx/vfr). Respondents are cautioned to refrain from editing the Bid Bond Template structure and requirements, any such deviations shall result in rejection of the bid. For additional information see: #Bond Requirements and #Submittal Instructions & Solicitation Terms . ☐ BID BOND: Attached hereto is a bid bond, along with a certified and effectively dated copy of the power of attorney, these documents have been completed and signed by all required parties and have been submitted on the County's required Bid Bond Template. ☐ ALTERNATIVE SURETY: Respondent acknowledges that submittal of a Certified Check, or a Cashier's Check, is required to be received at the Procurement Division by the stated deadline. Failure to submit alternative surety shall disqualify this electronic offer. ☐ NOT REQUIRED: This offer is under the $100,000 requirement for bonds. *Response required
Surety Requirements. 13.1 Licensee must furnish either a Surety Bond or irrevocable Letter of Credit satisfactory to Verizon, at Licensee's option, according to the following criteria: Poles Security Conduit Footage Security 1 – 50 $10,000 1 – 2500 $10,000 51 – 500 $75,000 2501 – 25,000 $80,000 501 – 2000 $300,000 25,001 – 75,000 $250,000 2001 – 3000 $450,000 75,001 – 150,000 $475,000 3001 – 4000 $500,000 150,000+ $500,000 For each additional pole in excess of 4,000 an additional $50.00 per pole will be added to the required bond amount
Surety Requirements. Tenant shall provide a bond, evidence of insurance coverage, or other surety satisfactory to Municipality in the amount of one-hundred thousand dollars ($100,000) to secure Tenant’s performance of its obligations hereunder, including but not limited to its obligations not to impair the structural integrity of the Water Tower, not to contaminate the public water supply and to remove all its equipment at the termination of the Lease.
Surety Requirements. (i) Unless an exception is granted in accordance with paragraph (a)(3)(iii) of this section or when interim financing will be used, surety that guarantees both payment and performance in the amount of the contract will be furnished when one or more of the following conditions exist:
Surety Requirements. A. Developer will provide the County with an irrevocable letter of credit (or other surety as approved by the County Attorney) as security that the obligations of the Developer under this Agreement shall be performed. Said letter of credit or surety shall be in the amount of one hundred fifty thousand nine hundred thirty dollars ($150,930.00) Said letter of credit or cash deposit must meet the approval of the County Attorney and the Township Attorney as to form and issuing bank (the issuing bank must be an FDIC/NCUA insured bank), and must be available in its entirety to fulfill the obligations of the Developer under this Agreement. The letter of credit issued to the County shall contain language requiring its automatic renewal prior to December 31 of each calendar year, unless the County specifically approves cancellation of the letter of credit in writing. In the event the Developer or its successors in interest provides the County with a cash deposit, the County agrees it will credit interest to the cash deposit. The interest will be calculated at the bank rate obtained by Xxxxxx County in the same manner as the bank pays interest to the County.
Surety Requirements. A. Developer will provide the Town with an irrevocable letter of credit (or other surety as approved by the Town Attorney) as security that the obligations of the Developer under this contract shall be performed. Said letter of credit or surety shall be in the amount of $ representing the sum of 125% of the estimated cost of the Municipal Improvements ($ ), $ per acre for erosion control on and off-site improvements, and 150% of the estimated cost for landscaping/screening materials ($ ). Said letter of credit or surety must meet the approval of the Town attorney as to form and issuing bank (the issuing bank must be an FDIC insured bank located within 100 miles of the Watab Township), and must be available in its entirety to fulfill the obligations of the Developer under this Agreement. The letter of credit to the Town shall contain language requiring its automatic renewal prior to December 31 of each calendar year, unless cancellation of the letter of credit is specifically approved in writing by the Town.
Surety Requirements. ( a) Th e eligible p ur c ha se r , p r io r t o exec u t io n of t h e co n t ra c t , s ha ll furn is h an ‘‘MM S- specified s ur e t y i n s t ru- m e n t ,’’ i n an a m o un t eq ua l t o t h e es t i- m a t ed v a l u e of r o ya l t y oil t ha t co u ld be t a k e n b y t h e p ur c ha se r i n a 99- d ay pe r iod, pl u s r el a t ed a d m i n is t ra t ive c har ges. Th e MM S m ay r eq u i r e t h e p ur c ha se r t o i n c r e a se t h e a m o un t of t h e s ur e t y i n s t ru m e n t w h e n n ecess ary t o p r o t ec t t h e Xxxx xx m e n t ’s i n t e r es t o r m ay a llow t h e p ur c ha se r t o dec x x x xx t h e a m o un t of t h e s ur e t y i n s t ru m e n t w h e r e n ecess ary t o fur t h e r t h e p ur- poses of t h e R o ya l t y- i n- Ki n d P r og xx x .
