Legal Bond Request

LEGAL BOND REQUEST

This Legal Bond Request is submitted on by Principal Name: with Principal Address: and submitted to Surety Name: (collectively, the Parties).

RECITALS

WHEREAS, Principal requires the issuance of a surety bond to guarantee the performance or payment obligations described herein and to satisfy the requirements of Obligee: ;

WHEREAS, Surety is authorized to issue bonds and considers applications subject to review of credit, collateral, and the terms of indemnity provided by Principal; and

WHEREAS, Principal desires that Surety issue a bond described herein and agrees to provide indemnity, security, and other assurances set forth in this Request.

NOW THEREFORE, in consideration of Surety's agreement to consider issuance of the bond, Principal requests issuance of the bond on the terms and conditions set forth below.

1. BOND DESCRIPTION

Bond Type: ; Bond Number (if known): ;

Penal Sum: $ ; Effective Date: ; Expiration Date: .

2. CONDITIONS OF REQUEST

Principal represents and warrants that all information provided in connection with this Request is true, complete, and correct. Principal understands that issuance of a bond is conditioned upon Surety's receipt of satisfactory documentation, investigation, premium payment, and any required collateral or security.

Principal agrees to indemnify, defend, and hold harmless Surety from and against any and all losses, damages, liabilities, costs, expenses, and claims (including reasonable attorneys' fees) incurred by Surety by reason of having executed or procured the bond, including any investigation, litigation, settlement, or appeal.

Principal further grants Surety full rights of subrogation and reimbursement against Principal and any third party and authorizes Surety to pursue any remedies available at law or equity to recover amounts paid under the bond. Principal agrees that any amounts due to Surety are immediately due and payable upon demand.

3. APPLICATION REQUIREMENTS

Power of Attorney    Contract/Obligation    Financial Statements    Other (describe below)

4. INDEMNITY AND REIMBURSEMENT

Principal covenants and warrants that it will, upon demand, promptly pay to Surety all amounts advanced, expended, paid, or incurred by Surety in connection with the bond, including but not limited to principal sums paid under the bond, interest, attorneys' fees, court costs, and expenses of investigation or litigation. Such obligations shall survive payment of any claim under the bond until all amounts are fully reimbursed to Surety.

If Surety elects to procure, take possession of, or maintain any security, collateral, or property given as security, Surety may do so in its sole discretion and at Principal's expense. Principal waives notice of acceptance of liability by Surety and consents to any extensions, renewals, or amendments to the underlying obligation without notice or consent.

5. CLAIMS AND NOTICE

All notices, demands, and other communications required or permitted under this Request shall be in writing and delivered to the notice addresses below. Notice shall be effective upon receipt by certified mail, courier, or personal delivery.

6. REPRESENTATIONS AND WARRANTIES

Principal represents that it is duly organized and in good standing under the laws of its jurisdiction, has full authority to execute this Request, and that execution will not violate any agreement or applicable law. Principal authorizes Surety to obtain credit reports and to verify any information provided in this Request.

7. MISCELLANEOUS PROVISIONS

Governing Law: This Request and any bond issued in reliance hereon shall be governed by and construed in accordance with the laws of the jurisdiction of without regard to conflict of laws principles.

Entire Agreement: This Request, together with the indemnity agreement, any affidavits, and attachments, constitutes the entire agreement between Principal and Surety with respect to the bond application and supersedes all prior agreements and understandings, whether written or oral.

Severability: If any provision of this Request is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

Amendments: No amendment, modification, or waiver of any provision of this Request shall be effective unless in writing and signed by both Principal and Surety.

Waiver: Failure by Surety to insist upon strict performance of any term shall not be deemed a waiver of any subsequent breach.

Counterparts: This Request may be executed in counterparts, each of which shall be deemed an original and all of which together constitute one instrument.

8. CERTIFICATION

By signing below, Principal certifies that it has authority to request the bond, that the statements made in this Request are true and correct, and that Principal will comply with the obligations contained herein. Surety's consideration of this Request does not constitute an agreement to issue a bond until Surety executes and delivers a bond instrument in form and substance satisfactory to Surety.

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