39D Security Sample Clauses
The 39D Security clause establishes the requirements and procedures for providing security, such as bonds, guarantees, or other financial assurances, to ensure the fulfillment of contractual obligations. Typically, this clause outlines the types of security acceptable, the conditions under which they must be provided, and the circumstances in which they may be called upon or released. Its core practical function is to protect the interests of the party receiving the security by mitigating the risk of non-performance or default by the other party.
39D Security. The security provided by the New Service Customer pursuant to Section 212.4 or Section 213.4 of the Tariff to secure the New Service Customer’s responsibility for Costs under the Interconnection Service Agreement or Upgrade Construction Service Agreement and Section 217 of the Tariff.
39D Security. The“Security” shall mean the security provided by the New Service Customer pursuant to SectionTariff, section 212.4 or SectionTariff, Part VI, section 213.4 of the Tariff to secure the New Service Customer’s responsibility for Costs under the Interconnection Service Agreement or Upgrade Construction Service Agreement and Section 217 of the Tariff. , Part VI, section 217.