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A bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance.
He says the performancebond was not overtly a gag clause, but it was concerning.
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In the event of a fine, "senior management and the material risk-takers would forfeit their performancebond," he said.
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The " performancebond" worth $250,000 is freed once competitors have entered the first leg.
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Ministers have denied that the companies are being bailed out, saying they will lose a £165m performancebond and face other penalties.
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A performancebond with a maximum limit of €20m has been agreed, and Boundary will guarantee this on behalf of Synchrony.
Использование термина surety bond на английском
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So she came to us and used her grandmother's house as collateral for a suretybond.
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Raleigh called Hunt to confirm that all the paperwork had gone through for the suretybond.
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New Mexico may demand a suretybond to guarantee roughly $360 million in future cleanup work.
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Self-bonding has allowed some financially-fit mining companies to forego costly financing, such as a suretybond, and leave future liabilities to taxpayers.
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In addition to security concerns more time is needed to arrange a suretybond of more than £6,000, he said.
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Under the terms of the agreement, a $400 million suretybond from Zurich will be used as backing to obtain additional funding, the consortium said.
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The defendant presently is at large on a suretybond in the sum of $15,000,1 believe it is, Your Honor.
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It also provides contract and commercial suretybonds.
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State licensing requires background checks and net worth minimums, as well as the posting of suretybonds.
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The couple are being held on $100,000 cash or suretybonds.
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Its segment property and casualty insurance segment consists of commercial lines insurance, including suretybonds, personal lines insurance and assumed reinsurance.
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Investors have lately worried whether a call to replace self-bonds with costly suretybonds could push struggling Peabody closer to bankruptcy.
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Chubb Also Provided Notice That It Plans To Issue Notices Of Cancellation On All Of SuretyBonds, Starting With Largest First .
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(3) Post a suretybond for any injury that may result if the detention or exclusion of the articles proves to be unjustified.
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(C) Post a suretybond for any injury that may result if the detention or exclusion of the articles proves to be unjustified.