Bonding Capacity Clause Samples

Bonding Capacity. Company and its Subsidiaries have in place and available to it and them surety and performance bonds adequate in amount and credit quality to continue in the ordinary course of their business as presently projected over the course of the next eighteen (18) months.

Bonding Capacity. The Borrower and its Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, and (ii) be in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and shall not permit a default to occur thereunder, except as permitted by Section 5.24 and to the extent such a default would not constitute an Event of Default under Section 7.1(l). No Loan Party shall modify any term of any Bonding Agreement such that the Property subject to any Lien in favor of the Bonding Company attaches to any Property not directly connected to the applicable Bond.

Bonding Capacity. After giving effect to the transactions contemplated by the Loan Documents, the Borrower has a sufficient mine bonding capacity to conduct its operations as projected in accordance with the financial projections of the Borrower and its Subsidiaries provided to the Administrative Agent.

Bonding Capacity. The Borrower and its Subsidiaries shall (i) have available bonding capacity under one or more Bonding Agreements in an amount sufficient to operate their respective businesses in the ordinary course, and (ii) be in compliance in all material respects with all terms and conditions set forth in each Bonding Agreement and shall not permit a default to occur thereunder, as set forth in, or otherwise permitted by, Section 6.25.

Bonding Capacity. Each of the Loan Parties has a sufficient mine bonding capacity to conduct its operations as projected in accordance with the Financial Projections provided to the Agent.

Bonding Capacity. The Borrower has Bonding Capacity under the Indenture in excess of $15,000,000 as of the Closing Date.

Bonding Capacity. Borrower shall maintain, at all times, bonding capacity in an amount of not less than $1,000,000,000 (it is understood and agreed that compliance with the foregoing may be evidenced by delivery to Agent and the Lenders of a letter issued by a Bonding Company, which letter shall be in form and substance substantially consistent with the Existing Bonding Letter or any other form acceptable to the Required Lenders).

Bonding Capacity. Purchaser has binding bonding capacity commitments from qualified sureties sufficient to replace the Bonds.

Bonding Capacity. Borrower and its Subsidiaries shall have the ability to obtain any performance bonds necessary for new vessel construction contracts which the failure to obtain could reasonably be expected to have a Material Adverse Effect.