Initial Security. The Obligations of the Borrower shall be secured by:
Initial Security. Bidco shall procure that each member of the Group identified in Parts B1 and B2 of Schedule 2 (The Borrowers and the Guarantors) accedes as an Acceding Borrower and/or as an Acceding Guarantor and enters into the Initial Security Documents (as appropriate) on or contemporaneously with the Completion Date.
Initial Security. The Borrower shall provide the Lender with the following documents (each in form and substance satisfactory to the Lender) before the Drop-Dead Date and the Liens constituted thereby shall secure the due payment and performance of the Loan Obligations:
Initial Security. Initial security, in a form and amount acceptable to the Parties, for Interconnection Customer’s obligations with respect to Transmission Provider’s Interconnection Facilities (including transmission line outage costs) must be provided by Interconnection Customer to Transmission Provider prior to commencement of the construction of facilities in accordance with Articles 5.5.3, 5.6.4, and 11.5 of this Agreement. Based upon the Transmission Provider’s Interconnection Facilities as set forth in Appendix A, and Interconnection Customer’s payment under the E&P Agreement for Transmission Provider’s Interconnection Facilities, the Interconnection Customer shall provide the Transmission Provider the initial security for Interconnection Customer’s obligations with respect to the Transmission Provider’s Interconnection Facilities in the amount of $455,000 no later than July 1, 2015. The provision of such security is consistent with Article 11.5 of the Agreement. If Interconnection Customer does not promptly pay its obligations with respect to the Transmission Provider’s Interconnection Facilities, Transmission Provider may exercise its rights and remedies with respect to the security therefor. Finally, upon receipt of final payment for (or upon Transmission Provider’s determination that Interconnection Customer is owed a refund based on) the Final Invoice, in accordance with Article 12.2, the Transmission Provider will release any remaining security associated with the Transmission Provider’s Interconnection Facilities. The Transmission Provider’s Interconnection Facilities costs and/or the Construction and Payment Schedule may be subject to change if the Interconnection Customer does not meet the written notice to proceed deadline or the security deadlines set forth above. Furthermore, if the Agreement is suspended by the Interconnection Customer for any reason (e.g., Article 5.16), then additional Interconnection Studies and/or an amendment to the Agreement may be required.
Initial Security. The Obligations of the Borrower shall be secured by the Pledge Agreement.
Initial Security. The Collateral Documents, subject to these Agreed Security Principles and the other limitations set forth in the Loan Documents, to be executed post-closing in accordance with Schedule 5.09(d) of this Agreement, shall be the following: Document Governing law Parties Assets secured Share pledge agreement Danish law Nordic Fruit Holding AB (to be acknowledged by Total Produce Nordic A/S) Coöperatieve Rabobank U.A. New York Branch The entire share capital of Total Produce Nordic A/S Debenture Irish Total Produce plc Total Produce International Holdings Limited (Ireland) Total Produce Ireland Limited (Ireland) Total Produce International Limited Total Produce C Holdings Limited Calanthe Limited Bolanpass Limited Coöperatieve Rabobank U.A. New York Branch For all – general assets plus specific share security as follows: Total Produce plc: shares in Total Produce International Holdings Limited, Total Produce Ireland Limited, Total Produce International Limited, Calanthe Limited, Allegro Limited Total Produce International Holdings Limited: shares in Total Produce C Holdings Limited and Bolanpass Limited Bolanpass Limited: shares in Hortim International Spol. Sro. (a Czech sub) Share Charge Irish Total Produce International Finance B.V. Coöperatieve Rabobank U.A. New York Branch Shares in Bolanpass Limited Document Governing law Parties Assets secured Deed of Pledge of Shares Dutch law • Total Produce International Holdings Limited • Total Produce Ireland Limited • Total Produce Investments B.V. Coöperatieve Rabobank U.A., New York Branch Shares in Total Produce Investments B.V. Deed of Pledge of Shares Dutch law • Total Produce Investments B.V. • Total Produce Holdings B.V. Coöperatieve Rabobank U.A., New York Branch Shares in Total Produce Holdings B.V. Deed of Pledge of Shares Dutch law • Total Produce International Limited • Total Produce International Finance B.V. Coöperatieve Rabobank U.A., New York Branch Shares in Total Produce International Finance B.V. Omnibus Deed of Pledge Dutch law • Total Produce Holdings B.V. • Total Produce International Finance B.V. • Total Produce Investments B.V. • Total Produce B.V. Coöperatieve Rabobank U.A., New York Branch Intercompany receivables Bank accounts Insurance policies Intellectual property Trade receivables Debenture English law • TPH (UK) Limited • Total Produce Limited • Total Worldfresh Limited • Redbridge Produce & Flowers Limited • Bristol Fruit Sales (Market) Limited • Coöperatieve Rabobank U.A., New York ...
Initial Security. 47 4.2. Further Assurances..................................................................................47
Initial Security. No later than the giving of the Notice to Proceed for the Land Acquisition and Construction Phase, the Turnkey Contractor shall provide Security in an amount equal to the Required Security (the “Initial Security Delivery Date”).
Initial Security. Initial security for design, procurement, and construction of Transmission Provider’s Interconnection Facilities (including transmission line outage costs) and Network Upgrades must be provided by Interconnection Customer to Transmission Provider at least thirty (30) days prior to commencement of the design and procurement, installation, or construction of facilities in accordance with Articles 5.5.3, 5.6.4, and 11.5 of this Agreement. Based upon the estimated Construction and Payment Schedule set forth below, the Interconnection Customer shall provide the Transmission Provider the initial security for design and procurement in the amount of $1,400,000 no later than May 29, 2015. Subsequently, the Interconnection Customer shall provide the Transmission Provider the initial security for construction in the amount of $2,398,000 no later than December 1, 2015. The Transmission Provider’s Interconnection Facilities cost, the Network Upgrade costs, and/or the Construction and Payment Schedule may be subject to change if the Interconnection Customer does not meet the written notice to proceed deadline or the security deadlines set forth above. Furthermore, if the Agreement is suspended by the Interconnection Customer for any reason (e.g., Article 5.16), then additional Interconnection Studies and/or an amendment to the Agreement may be required. Continuing Security Continuing security for the Interconnection Customer’s obligations under this Agreement for, among other things, operation, maintenance, repair, and replacement of Transmission Provider’s Interconnection Facilities (Article 10.5), potential tax liability (Article 5.17.3), and the Monthly Administration Charge (Appendix C, Section D), must be provided by Interconnection Customer at least thirty (30) days prior to the In-Service Date. Attachment Q (Creditworthiness Procedures) of the Transmission Provider’s Tariff shall apply to these continuing security obligations. Schedules Estimated construction schedule of the IC-340 Interconnecting Substation is based on a typical substation land acquisition schedule. Delays in land acquisition for the proposed IC-340 Interconnecting Substation site (such site being acceptable to GPC may delay completion of the substation. Condemnation proceedings for land acquisition may delay the construction schedule by an additional 200 days. With regard to scheduling the outage(s) necessary to interconnect the Generating Facility to the Transmission System and to construct th...
Initial Security. Deposit: Five Thousand Four Hundred Seventy-Five Dollars and Twenty Cents ($5,465.20). (Section 10.1)
