Financial Security. 5.4.1. To provide financial security the Company is entitled to request from the Client a confirmation of the verification of personal data submitted at the registration of a trading account. For this purpose the Company may at any moment ask the Client to submit a copy of a passport or other equivalent document, certified by a notary (at Company’s discretion).
Financial Security. (a) As a condition of our acceptance of your order, or if we have reason to be concerned about your ability to pay at any time and based on the outcome of a credit assessment conducted in relation to you, we may ask you to provide a security in the form of a cash deposit to be held by us, or a bank guarantee in a form acceptable to us, or to increase any security previously provided.
Financial Security. If requested by the Buyer, within five (5) Business Days of the Confirmation Effective Date, as security for Seller’s obligations under this Agreement, Seller shall provide Buyer (i) with a written payment guarantee in a form and amount acceptable to Buyer properly executed by a guarantor acceptable to Buyer, or (ii) an irrevocable letter of credit issued by an issuer and a form and amount in each case acceptable to Buyer. Such security instruments shall be maintained throughout the Term of this Agreement and shall be supplemented or replaced from time to time to secure all of the Seller’s obligations relating to Transactions then in effect.
Financial Security. For an Entity applying to become a Participant or ------------------- any continuing Participant that the Management Committee reasonably determines may fail to meet its financial obligations under the Agreement, the Management Committee may require reasonable credit review procedures which shall be made in accordance with standard commercial practices. In addition, the Management Committee may prescribe for such Entity or Participant a requirement that the Entity or Participant provide and maintain in effect an irrevocable letter of credit as security to meet its responsibilities and obligations under the Agreement, or an alternative form of security proposed by the Entity or Participant and acceptable to the Management Committee and consistent with commercial practices established by the Uniform Commercial Code that protects the Participants against the risk of non-payment.
Financial Security. Financial Security is a cash deposit or letter of credit in an amount and form determined by and acceptable to PJMSettlement, provided by a Participant to PJMSettlement as security in order to participate in the PJM Markets or take Transmission Service.
Financial Security. In compliance with the requirements of state law, Xxxxxx agrees that it will secure the performance of the rental portion of this Lease by procuring and maintaining, during the term of this Lease, a corporate surety bond, a cash deposit, or by providing other financial security satisfactory to Lessor (herein referred to as the “Bond”), in an amount not less than two months (16.67%) of the sum of annual Rent, plus state leasehold excise tax. The Bond shall be in a form and issued by a surety company acceptable to Lessor and shall comply with the requirements of Washington law. Lessee shall obtain such Bond and forward evidence thereof to Lessor within fourteen (14) days of execution of this Lease, but in no event later than the Commencement Date of this Lease. Failure to comply with this requirement shall be grounds for termination of this Lease without notice by Xxxxxx. Such Bond shall be kept always in effect during the term of this Lease; failure to comply with this requirement shall render Lessee in default. The Bond shall be increased annually to reflect any adjustments in annual Rent. Upon any default by Lessee in its obligations under this Lease, Lessor may collect on the Bond to offset the liability of Lessee to Lessor. Collection on the Bond shall not relieve Lessee of liability, shall not limit any of Lessor’s other remedies, and shall not reinstate or cure the default or prevent termination of the Lease because of the default.
Financial Security a) The Balance Responsible Party shall provide the Market Operator with sufficient financial security to cover all obligations to the Market Operator arising from any activity of the Balance Responsible Party on the gas market.
Financial Security. The method of determining financial security, permitted forms of financial security and conditions for using financial security are laid down in Part 7 of the Business Terms.
Financial Security. We may from time to time and upon reasonable notice to you, at our absolute discretion require you to provide us with financial information. We may ask you for a security deposit, a charge or bank guarantee or to make prepayments for your Service if we are concerned about your creditworthiness or your usage exceeds a reasonable amount as determined by us in any billing period. If you do not provide the requested security, we may refuse to provide the Service to you or provide the Service to you on a restricted basis.
Financial Security. (1) The term "
