Handback Requirements Letters of Credit Sample Clauses

Handback Requirements Letters of Credit. 8.11.5.1 In lieu of establishing the Handback Requirements Reserve, Developer may deliver to TxDOT one or more letters of credit (each, a “Handback Requirements Letter of Credit”), on the terms and conditions set forth in this Section 8.11.5
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Handback Requirements Letters of Credit. 8.7.5.1 In lieu of establishing the Handback Requirements Reserve Account, Developer may deliver to LAWA one or more letters of credit (each, a “Handback Requirements Letter of Credit”), on the terms and conditions set forth in this Section 8.7.5 and Section 10.3 (Letters of Credit). The Handback Requirements Letter of Credit shall name City as the sole beneficiary and shall not provide for any other dual or multiple beneficiaries. Developer shall execute, and shall cause the financial institution issuing the Handback Requirements Letter of Credit to execute, such documents as may be required to establish and perfect City’s interest in the Handback Requirements Letter of Credit under the Uniform Commercial Code as adopted in the State, which interest shall be a first priority security interest as provided in Section 8.7.1.1. If the Handback Requirements Reserve Account has been previously established, Developer at any time thereafter may substitute one or more Handback Requirements Letters of Credit for all or any portion of the amounts required to be on deposit in the Handback Requirements Reserve Account, on the terms and conditions set forth in this Section 8.7.5.
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Handback Requirements Letters of Credit 
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Related to Handback Requirements Letters of Credit

  • Statement of Commitment The Institutions promote teaching, scholarship and research and the free and critical discussion of ideas. Unions and employers are committed to providing a working and learning environment that allows for full and free participation of all members of the institutional community. Harassment undermines these objectives and violates the fundamental rights, personal dignity and integrity of individuals or groups of individuals. Harassment is a serious offence that may be cause for disciplinary sanctions including, where appropriate, dismissal or expulsion. The Institutions have a responsibility under the BC's Human Rights Code to prevent harassment and to provide procedures to handle complaints, to resolve problems and to remedy situations where harassment occurs. The employer will offer educational and training programs designed to prevent harassment and to support the administration of the institutional policies and to ensure that all members of the institutional community are aware of their responsibility with respect to the policy. The Unions and Employers agree that attendance is required and will take place during compensated work time.

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