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Common use of Bonding Capacity Clause in Contracts

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

Appears in 2 contracts

Sources: Securities Purchase Agreement (Teco Energy Inc), Securities Purchase Agreement (Teco Energy Inc)

Related Clauses

  • Contract Capacity
  • Maximum Capacity
  • SLEEPING CAPACITY/DISTURBANCES
  • Required Bonding Capacity Letter No response
  • Title; Capacity

Parent Clauses

  • Representations and Warranties
  • Amendments to Credit Agreement
  • Miscellaneous
  • Affirmative Covenants
  • Settlement Date Procedures

Sub-Clauses

  • Compliance with Laws
  • Notices
  • Liens
  • Survival
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