Agreement Security Sample Clauses

Agreement Security. 10.65 The Concessionaire shall submit to the Contracting Authority the Agreement Security, on the Date of Signing. In case of lowering the Agreement Security value in accordance with this Agreement, the Concessionaire shall be committed to immediately return the Agreement Security amount to an amount equal to throughout the Agreement Term.
Sample 1
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Agreement Security. (a) Unless Airline has provided regularly scheduled passenger flights to and from the Airport for the eighteen (18) months prior to Airline’s execution of this Agreement (or prior to the assignment of this Agreement to Airline) without committing an act or omission that would have been a default, breach, matter or condition (“Default”) under this Article XV if this Agreement had been in effect during this period, Airline shall provide City on the execution of this Agreement (or on the assignment of this Agreement to Airline) with a contract bond, irrevocable letter of credit or other security acceptable to City (“Agreement Security”) in an amount equal to three (3) months’ rentals, fees and charges payable by Airline under Article VII of this Agreement, to guarantee the faithful performance by Airline of its obligations under this Agreement and the payment of all rentals, fees and charges due hereunder. Airline shall be obligated to maintain such Agreement Security in effect until the expiration of eighteen (18) consecutive months (including any period prior to Airline’s execution of this Agreement or prior to the assignment of this Agreement of Airline during which Airline provided regularly scheduled passenger flights to and from the Airport) during which Airline commits no act of Default under this Article XV of this Agreement (and for any such prior period, no act or omission that would have been a Default hereunder). Such Agreement Security shall be in such form and with such company as shall be acceptable to the Director of Port Control through the use of reasonable discretion. In the event that any such Agreement Security shall be for a period of less than the full period required by this Agreement, or if such Agreement Security may be cancelled, Airline shall provide to the Director of Port Control a renewable or replacement Agreement Security for the period following the expiration or cancellation of such Agreement Security previously provided at least thirty (30) days prior to the date on which such previous Agreement Security expires or at least thirty (30) days prior to the effective date of such cancellation.
Sample 1
Agreement Security. The CONTRACTOR shall obtain and maintain throughout the term of this Agreement at its expense for the term of this Agreement both a Performance Bond and a Payment Bond as described below. Each Bond shall be written by a surety licensed in the State of Florida and acceptable to the CITY. The form of each Bond shall be subject to approval by the CITY and shall be reasonably acceptable to CITY based upon other CITY contracts for similar sized projects. Unless otherwise agreed by CITY, the surety shall be chosen from a list of sureties approved by the federal government for federal government projects (pursuant to the Department of Treasury’s most recent edition of its “Circular 570”, or any subsequent list of approved sureties for federal projects as published by the Department of Treasury or other applicable federal agency), and the form of the bond may in the CITY’S discretion be in a federally-approved form. The amount of the bonds shall be as follows:
Sample 1
Agreement Security. Interconnection Customer shall provide to TVA security as specified below for compliance with the provisions of this Agreement in the form of an unconditional and irrevocable letter of credit (“Security”) issued by an Acceptable Financial Institution (as defined in Section GP-9.3) and substantially in the form of Attachment 1 (Form of Letter of Credit) to this Exhibit GP or otherwise in form and substance reasonably acceptable to TVA.
Sample 1

Related to Agreement Security

  • MANAGEMENT SECURITY Section 1. The Federation hereby accepts liability for any damage to or loss of state property that is the proximate cause of action by striking employees of this bargaining unit, provided however, that liability under this section shall be restricted to include any alleged loss of revenue or other incidental or punitive damage sought by the Employer.

  • Payment Security To secure all of CAISO’s payment obligations to Owner under this Agreement, CAISO agrees to grant Owner a security interest and lien in the following collateral (collectively, the “Collateral”): (a) all past, present and future accounts and other amounts Responsible Utility owes CAISO at any time pursuant to Section 41 of the CAISO Tariff attributable to invoices submitted by Owner under this Agreement (collectively, the “Accounts”), (b) the RMR Owner Facility Trust Account, all funds in the RMR Owner Facility Trust Account at any time, and all funds paid on account of any Accounts, (c) all proceeds of the Collateral, if any, and (d) all of CAISO’s right, title and interest in the Collateral. CAISO represents and warrants to Owner that (a) CAISO has the authority to grant such security interest, (b) CAISO will have good, marketable and exclusive title to all of the Collateral, (c) such security interest and lien will at all times be a valid, enforceable and first-priority lien on the Collateral, and (d) such security interest will be duly perfected by the filing of a financing statement under the California Uniform Commercial Code describing the Collateral in the office of the Secretary of State of California and the delivery of a written notice of Owner’s security interest to the bank with which the RMR Owner Facility Trust Account is maintained. If CAISO defaults on its obligation to pay under this Agreement, Owner shall be entitled to enforce such securityinterest, to exercise its rights in the Collateral, to collect the Accounts from Responsible Utility, to collect all funds in the RMR Owner Facility Trust Account, and to exercise all other rights and remedies under the California Uniform Commercial Code. CAISO agrees to promptly execute and deliver all financing statements and other documents Owner reasonably requests, including but not limited to a written notice of Owner’s security interest in the Collateral to the bank with which the RMR Owner Facility Trust Account is maintained, in order to maintain, perfect and enforce such security interest.

  • Employment Security 28.1 The parties to this agreement agree to maximise the continuity of employment for existing and future employees and to ensure that permanent employment opportunities and the opportunity for promotion transfer and re-training or upskilling are not eliminated, reduced or eroded.

  • Payment Security Mechanism Letter of Credit (LC):

  • Payment Security Requirements A. Unless Company has maintained an agreement similar to this Agreement with Authority during the 18 months prior to the effective date of this Agreement without the occurrence of any act or omission that would have been a default under this Agreement, Company will provide Authority on or before the commencement date of this Agreement with an acceptable bond, irrevocable letter of credit or other similar security acceptable to Authority in an amount equal to the estimate of three months’ Rents, fees and charges, payable by Company under this Agreement, to guarantee the faithful performance by Company of its obligations under this Agreement and the payment of all Rents, fees, tax assessments, and charges due hereunder (hereinafter referred to as “Payment Security”). Company will be obligated to maintain such Payment Security in effect until the expiration of 18 consecutive months during which Company commits no default under this Agreement. Such Payment Security will be in a form and with a company acceptable to Authority and licensed to do business in the State of Florida. In the event that any such Payment Security is for a period less than the full period required under this Agreement or if such Payment Security is canceled, Company will provide a renewal or replacement Payment Security for the remaining required period at least 60 days prior to the date of such expiration or cancellation. Such Payment Security will require notice by the surety to Authority at least 60 days prior to any cancellation.

  • Agreement Settlement Agreement Settlement will be used to confirm the offer and delivery of A&D 63 Services by County and determine satisfaction of the minimum performance requirements and quality measures, based on data properly reported in accordance with Section 3., “Special Reporting Requirements” above.

  • E7 Security E7.1 The Authority shall be responsible for maintaining the security of the Authority’s Premises in accordance with its standard security requirements. The Contractor shall comply with all security requirements of the Authority while on the Authority’s Premises, and shall ensure that all Staff comply with such requirements.

  • Security Rule Obligations The following provisions of this section apply to the extent that Business Associate creates, receives, maintains or transmits Electronic PHI on behalf of Covered Entity.

  • Electronic PHI Security Rule Obligations 5.1 With respect to Electronic PHI, Business Associate shall:

  • Mobile Deposit Security You will complete each deposit promptly. If you are unable to complete your deposit promptly, you will ensure that your mobile device remains securely in your possession until the deposit has been completed. It is your responsibility to establish and maintain procedures to safeguard against unauthorized deposits. You will notify us immediately by telephone with written confirmation if you learn of any loss or theft of original checks. You will ensure the safety and integrity of original checks from the time of receipt until the time of destruction. If warranted in our reasonable judgment, we may audit and monitor you, and you agree to cooperate with us to permit such monitoring, to confirm that you have satisfied your obligations under this Agreement.

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