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).
Appears in 2 contracts
Sources: Loan Agreement (Sterling Construction Co Inc), Loan and Security Agreement (Sterling Construction Co Inc)