Bond Period definition

Bond Period means the period from the initial effective date of the Bond through the next succeeding anniversary date or the period from any anniversary date subsequent to the initial effective date through the next succeeding anniversary date (or any modification of such period as may be agreed to by the parties and the Insurer).

Bond Period means the period specified in Item 2 of the Declarations, subject to any cancellation prior to the scheduled expiration date.

Bond Period. The period between two successive Payment Dates or, with respect to the initial Bond Period for a Series, the period between the Accrual Date and the first Payment Date for that Series.

Examples of Bond Period in a sentence

• This bond applies to loss discovered by the Insured during the Bond Period.

• It is understood and agreed that this bond is amended by adding the following Insuring Agreement Loss by reason of any claim first made against the Insured during the Bond Period by a Title Underwriter A.

• The Insurer shall be notified in writing as soon as practicable if any Underlying Insurance is terminated or cancelled during the Bond Period.

• All of the Underlying Insurance shall be maintained during the Bond Period in full effect.

• The Company's total liability for all loss discovered during the Bond Period regardless of when paid, will not exceed the Aggregate Limit of Insurance as set forth in ITEM 6.

• The Company’s total liability for all loss discovered under Insuring Agreement A.5. during a Bond Period, regardless of when paid, will not exceed the Aggregate Limit of Insurance set forth in the Declarations.

• Such Aggregate Limit of Insurance will be reduced, and may be exhausted, by the amount of any payment under any Insuring Agreement for any loss discovered during that Bond Period.

• Neither the Aggregate Limit of Insurance nor the Single Loss Limit of Insurance is cumulative in amount from Bond Period to Bond Period, regardless of the number of years this bond is in force, the number of times this bond may be renewed or replaced, or the number of premiums which are payable or paid.

• Such Aggregate Limit of Insurance for a Bond Period will be reduced, and may be exhausted, by the amount of any payment under any applicable Insuring Agreement for any loss discovered during that Bond Period.

• The Company’s total liability for all loss discovered during any one Bond Period, regardless of when paid, will not exceed the applicable Aggregate Limit of Insurance as set forth in ITEM 6 of the Declarations.

More Definitions of Bond Period

Bond Period has the meaning set forth in section VI. CONDITIONS, X. XXXX PERIOD.

Bond Period means a period of 5 years for full sponsored and 4 years for partial sponsored in which the Officer is bonded to serve BMC after study.

Bond Period is hereby added to the Principal Project Documents, which definition shall read as follows:

Bond Period means the period of time during which the Miscellaneous Revenue Bonds or any portion thereof remain outstanding and unsatisfied.

Bond Period means the period from the Inception Date to the Expiration Date set forth in ITEM 3 of the Declarations or to any earlier cancellation or termination date.