bond agreement template

bond agreement template is a bond agreement sample that gives infomration on bond agreement design and format. when designing bond agreement example, it is important to consider bond agreement template style, design, color and theme. to allow for equitable access to all users, sec reserves the right to limit requests originating from undeclared automated tools. you can also sign up for email updates on the sec open data program, including best practices that make it more efficient to download data, and enhancements that may impact scripted downloading processes. for more information, please see the sec’s web site privacy and security policy. thank you for your interest in the u.s. securities and exchange commission.

bond agreement overview

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(5) a payment bond assures payments as required by law to all persons supplying labor or material in the prosecution of the work provided for in the contract. (c) the chief of the contracting office may waive the requirement to obtain a bid guarantee when a performance bond or a performance and payment bond is required if it is determined that a bid guarantee is not in the best interest of the government for a specific acquisition (e.g., overseas construction, emergency acquisitions, sole-source contracts). (a) 40 u.s.c.chapter 31, subchapter iii, bonds (formerly known as the miller act), requires performance and payment bonds for any construction contract exceeding $150,000, except that this requirement may be waived- (1) by the contracting officer for as much of the work as is to be performed in a foreign country upon finding that it is impracticable for the contractor to furnish such bond; or (1) pursuant to 40 u.s.c. (a) a payment bond is required only when a performance bond is required, and if the use of payment bond is in the government’s interest. (b) when a contract price is increased, the government may require additional bond protection in an amount adequate to protect suppliers of labor and material. ), the contracting officer shall insert the clause at 52.228-12, prospective subcontractor requests for bonds, in solicitations and contracts with respect to which a payment bond will be furnished pursuant to 40 u.s.c chapter 31, subchapter iii, bonds (see 28.102-1), except for contracts for the acquisition of commercial products or commercial services as defined in subpart  2.1. the contracting officer will authorize final payment upon agreement between the contractor and surety or upon a judicial determination of the rights of the parties. the contracting officer shall notify both the offeror or contractor and the individual surety of this determination.

bond agreement format

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bond agreement guide

(g)evidence of possible criminal or fraudulent activities by an individual surety shall be referred to the appropriate agency official in accordance with agency procedures. (a) any person required to furnish a bond to the government may furnish any of the types of security listed in 28.204-1 through 28.204-3 instead of a corporate or individual surety for the bond. the ilc shall provide that, unless the issuer provides the beneficiary written notice of non-renewal at least 60 days in advance of the current expiration date, the ilc is automatically extended without amendment for oneyear from the expiration date, or any future expiration date, until the period of required coverage is completed and the contracting officer provides the financial institution with a written statement waiving the right to payment. 600, is available from: insert the clause at 52.228-14, irrevocable letter of credit, in solicitations and contracts for services, supplies, or construction, when a bid guarantee, or performance bonds, or performance and payment bonds are required. examples of such circumstances include the following: (1) when the clause at 52.228-5, insurance-work on a government installation, is required to be included in a fixed-price contract by 28.310, the coverage specified in 28.307 is the minimum insurance required and shall be included in the contract schedule or elsewhere in the contract. in determining the extent of the government’s share in any premium refunds or credits, any special reserves and other refunds to which the contractor may be entitled in the future shall be taken into account. (f) self-insurance programs to protect a contractor against the costs of correcting its own defects in materials or workmanship shall not be approved. (b) the contracting officer shall insert a clause substantially the same as that at 52.228-10, vehicular and general public liability insurance, in solicitations and contracts for transportation or for transportation-related services when the contracting officer determines that vehicular liability or general public liability insurance required by law is not sufficient.

a bond agreement is a legal contract between an issuer and the holder of a bond. “group” means the issuer and its subsidiaries from time to time, and a “group company” means the issuer or any of its subsidiaries. “paying agent” means any legal entity as appointed by the issuer and approved by the bond trustee who acts as paying agent on behalf of the issuer with respect to the bonds. all material authorisations, consents, licenses or approvals of any governmental authorities required for the issuer to carry on its business as presently conducted and as contemplated by this bond agreement, have been obtained and are in full force and effect.

the issuer shall not, and shall ensure that no group company changes its type of organization or jurisdiction of organization unless such change in type or jurisdiction of organization would not have a material adverse effect. we refer to the bond agreement for the above mentioned bond issue made between norsk tillitsmann asa as bond trustee on behalf of the bondholders, and the undersigned as issuer under which a compliance certificate shall be issued. whether aiding families in building successful applications for immigration benefits or advising freelancers and business owners on contract, governance and related issues and the complexities of complying with federal, state and local laws, michael is committed to building a lasting relationship with his clients. i never knew how difficult it was to obtain representation or a lawyer, and contractscounsel was exactly the type of service i was hoping for when i was in a pinch.