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Supplemental bonding: Current regulations – BOEM can require additional security based on an evaluation of a lessee’s ability to carry out present and future obligations demonstrated by five factors: (i) financial capacity substantially in excess of existing and anticipated lease and other obligations as evidenced by audited financial statements; (ii) projected financial strength significantly in excess of existing and future lease obligations based on the estimated value of… [read post]
6 Oct 2020, 8:42 am by Shannon O'Hare
The head of the Spanish state, King Felipe VI, represents the unity and continuity of the state’s institutions. [read post]
7 Sep 2020, 7:00 am by Christopher G. Hill
In fact, Safeco Insurance Co. of America, a surety, made exactly the above argument in Yard Works LLC v. [read post]
2 Sep 2020, 5:00 am by Leonard Klingen
Stat. (2019) states that a “lienor may not waive in advance his or her right to bring an action under the bond against the surety. [read post]