Common use of Calling on Security Clause in Contracts

Calling on Security. The Company may call upon the security posted by the BGS-RSCP Supplier if the BGS-RSCP Supplier fails to pay amounts due to the Company pursuant to this Agreement or any other agreement(s) between the Company and the BGS-RSCP Supplier for the provision of BGS Supply after all of the following events occur: (a) Written Notice of Default is provided to the BGS-RSCP Supplier; and (b) Any applicable cure period ends. The foregoing notwithstanding, the security posted by the BGS-RSCP Supplier shall become due automatically without prior notice or right of cure in the case of any Event of Default arising under subsections (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii) of Section 5.1 of this Agreement.

Calling on Security. The Company may call upon the security posted by the BGS-RSCP CIEP Supplier if the BGS-RSCP CIEP Supplier fails to pay amounts due to the Company pursuant to this Agreement or any other agreement(s) between the Company and the BGS-RSCP CIEP Supplier for the provision of BGS Supply after all of the following events occur: (a) Written Notice of Default is provided to the BGS-RSCP CIEP Supplier; and (b) Any applicable cure period ends. The foregoing notwithstanding, the security posted by the BGS-RSCP CIEP Supplier shall become due automatically without prior notice or right of cure in the case of any Event of Default arising under subsections (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii) of Section 5.1 of this Agreement.

Calling on Security. ‌ The Company may call upon the security posted by the BGS-RSCP Supplier if the BGS-RSCP Supplier fails to pay amounts due to the Company pursuant to this Agreement or any other agreement(s) between the Company and the BGS-RSCP Supplier for the provision of BGS Supply after all of the following events occur: (a) Written Notice of Default is provided to the BGS-RSCP Supplier; and (b) Any applicable cure period ends. The foregoing notwithstanding, the security posted by the BGS-RSCP Supplier shall become due automatically without prior notice or right of cure in the case of any Event of Default arising under subsections (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii) of Section 5.1 of this Agreement.

Calling on Security. ‌ The Company may call upon the security posted by the BGS-RSCP CIEP Supplier if the BGS-RSCP CIEP Supplier fails to pay amounts due to the Company pursuant to this Agreement or any other agreement(s) between the Company and the BGS-RSCP CIEP Supplier for the provision of BGS Supply after all of the following events occur: (a) Written Notice of Default is provided to the BGS-RSCP CIEP Supplier; and (b) Any applicable cure period ends. The foregoing notwithstanding, the security posted by the BGS-RSCP CIEP Supplier shall become due automatically without prior notice or right of cure in the case of any Event of Default arising under subsections (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii) of Section 5.1 of this Agreement.