Owner Security Sample Clauses

Owner Security. (a) Owner shall be required to post Credit Support in the amount of $123,170.00 (“Owner Security”) to secure Owner’s obligations under this Agreement in the period beginning on the Effective Date and continuing through and including the date that all of Owner’s obligations under this Agreement are satisfied. Fifty percent (50%) of the Owner Security shall be provided to Distribution Company within three (3) Business Days following the Execution Date; and the remaining fifty percent (50%) shall be provided to Distribution Company within fifteen (15) Business Days after receipt of the Regulatory Approval.
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Owner Security. (a) In order to secure Owner’s obligations under this Agreement in the period beginning on the Effective Date and continuing through and including the date that all of Owner’s obligations under this Agreement are satisfied, Owner shall be required to post Credit Support (i) prior to the Commercial Operation Date, prior to the Assignment Effective Date in the amount of $123,170 and on and after the Assignment Effective Date in the amount of $236,170 and (ii) on and after the Commercial Operation Date, in the amount of $123,170 (“Owner Security”). $61,585 of the Owner Security shall be provided to Distribution Company within three (3) Business Days following the Execution Date; $61,585 of the Owner Security shall be provided to Distribution Company within fifteen (15) Business Days after receipt of the Regulatory Approval; and $113,000 of the Owner Security shall be provided to Distribution Company within three (3) Business Days after the Assignment Effective Date. So long as no Owner Default has occurred and is continuing, no later than the date that is fifteen (15) Business Days after the Commercial Operation Date, Distribution Company shall return to Owner the amount of the Owner Security that exceeds $123,170.
Sample 1Sample 2
Owner Security. (a) In order to secure Owner’s obligations under this Agreement in the period beginning on the Effective Date and continuing through and including the date that all of Owner’s obligations under this Agreement are satisfied, Owner shall be required to post Credit Support (i) prior to the Commercial Operation Date, prior to the Assignment Effective Date in the amount of $5,793,350 and on and after the Assignment Effective Date in the amount of $11,108,350 and (ii) on and after the Commercial Operation Date, in the amount of $5,793,350 (“Owner Security”). $2,896,675 of the Owner Security shall be provided to Distribution Company within three (3) Business Days following the Execution Date; $2,896,675 of the Owner Security shall be provided to Distribution Company within fifteen
Sample 1
Owner Security. Owner Building Security requires sign-in/sign-out at the front desk, as a procedure, and is not intended to provide security for the conferencing center. OWNER SHALL NOT BE OBLIGATED TO PROVIDE AT ANY TIME, WHETHER DURING BUSINESS HOURS OR NON-BUSINESS HOURS, ANY SECURITY WHATSOEVER FOR THE A M EN T IT Y BUILDING.
Sample 1
Owner Security. No later than ten (10) Business Days of issuance of the NTP for FGD Systems\, Owner shall provide a letter of credit in form and substance acceptable to Contractor (as shown in Exhibit 11) from a mutually acceptable U.S. financial institution (“Letter of Credit”) for an amount of $55,000,000 (the “Owner Security”). Contractor can request a change in Owner’s Security to an amount not to exceed $80,000,000 in the event that Contractor’s committed cost exposure increases. Contractor shall include in such request all documents as requested by Owner to justify the increase. If Owner is satisfied, Owner will amend the Letter of Credit to the approved value. Such amendment shall be issued no later than Ten (10) business days from such approval. The letter of credit in this Section 22.4 shall remain in effect and drawable by Contractor until release of fifty percent (50%) of the retention at Substantial Completion of each System, whereupon, the amount of the letter of credit will be stepped down by an amount proportionate to the relative Target Cost of the Facility to the sum of the Target Costs of all three Facilities. The letter of credit shall be promptly returned to Owner upon Substantial Completion of the last System at the last Facility and release of the corresponding fifty percent of retention for that System. To the extent that any replacement of a Letter of Credit is required to maintain compliance with this Section 22.4, Owner shall deliver the replacement Letter of Credit to Contractor no later than thirty (30) days prior to the date when the existing Letter of Credit will expire. In the event of a failure to comply with the preceding sentence, Contractor shall be entitled to draw upon the existing Letter of Credit prior to the expiration thereof and take such further action to protect its interests pursuant to this Agreement. Upon the issuance of the INTP, Owner shall provide to Contractor a parent company guarantee in a form acceptable to Contractor and issued by Mirant North America, Inc., which shall guarantee the payment obligations of the Owner under this Agreement and the EPC Agreement up to the maximum amount of sixty-two million five hundred thousand dollars ($62,500,000).
Sample 1
Owner Security. The Owner shall establish for the benefit of the Program Manager, a letter of credit or equivalent escrow account (the "Owner Security") on terms and with a bank reasonably acceptable to the Program Manager as security for payment of the Reimbursable Costs. The Owner Security shall be issued and outstanding at all times during performance of the Services in an amount necessary to meet the monthly cash-flow requirements set forth in Exhibit M hereto. Prior to exercising any rights against the Owner Security, the Program Manager shall notify the Owner that the Owner has failed to pay, within the period specified for such payment, an amount due and payable to the Program Manager in respect of a Reimbursement Invoice duly submitted by the Program Manager in accordance with this Section 7. The Owner shall, to the extent that no Event of Default nor other event entitling the Owner to withhold payments to the Program Manager has occurred and is continuing, reimburse the requested amount to the Program Manager by the close of business on the [REDACTED] next succeeding the Program Manager's notice, whereupon the Owner's failure to do so, shall entitle the Program Manager to draw upon the Owner Security in the amount of such outstanding payment.
Sample 1
Owner Security 
Sample 1
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Related to Owner Security

  • User Security You agree to take every precaution to ensure the safety, security and integrity of your account and transactions when using Mobile Banking. You agree not to leave your Device unattended while logged into Mobile Banking and to log off immediately at the completion of each access by you. You agree not to provide your username, password or other access information to any unauthorized person. If you permit other persons to use your Device, login information, or other means to access Mobile Banking, you are responsible for any transactions they authorize and we will not be liable for any damages resulting to you. You agree not to use any personally identifiable information when creating shortcuts to your Account. We make no representation that any content or use of Mobile Banking is available for use in locations outside of the United States. Accessing Mobile Banking from locations outside of the United States is at your own risk.

  • Cyber Security Except as disclosed in the Registration Statement and the Prospectus, (x)(i) to the knowledge of the Company, there has been no security breach or other compromise of or relating to any information technology and computer systems, networks, hardware, software, data, or equipment owned by the Company or its subsidiaries or of any data of the Company’s, the Operating Partnership’s or the Subsidiaries’ respective customers, employees, suppliers, vendors that they maintain or that, to their knowledge, any third party maintains on their behalf (collectively, “IT Systems and Data”) that had, or would reasonably be expected to have had, individually or in the aggregate, a Material Adverse Effect, and (ii) the Company, the Operating Partnership and the Subsidiaries have not received any written notice of, and have no knowledge of any event or condition that would reasonably be expected to result in, any security breach or other compromise to their IT Systems and Data that had, or would reasonably be expected to have had, a Material Adverse Effect; (y) the Company, the Operating Partnership and the Subsidiaries are presently in compliance with all applicable laws or statutes and all applicable judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, internal policies and contractual obligations relating to the protection of IT Systems and Data from a security breach or unauthorized use, access, misappropriation, modification or other compromise, except as would not, in the case of this clause (y), individually or in the aggregate, have a Material Adverse Effect; and (z) the Company, the Operating Partnership and the Subsidiaries have implemented commercially reasonable backup and disaster recovery technology.

  • Server Security Servers containing unencrypted PHI COUNTY discloses to 4 CONTRACTOR or CONTRACTOR creates, receives, maintains, or transmits on behalf of COUNTY 5 must have sufficient administrative, physical, and technical controls in place to protect that data, based 6 upon a risk assessment/system security review.

  • Tender Security 18.1 The Tenderer shall furnish as part of its Tender, either a Tender-Securing Declaration or a Tender Security, as specified in the TDS, in original form and, in the case of a Tender Security, in the amount and currency specified in the TDS.

  • Other Security To the extent that the Obligations are now or hereafter secured by property other than the Collateral or by the guarantee, endorsement or property of any other person, firm, corporation or other entity, then the Secured Party shall have the right, in its sole discretion, to pursue, relinquish, subordinate, modify or take any other action with respect thereto, without in any way modifying or affecting any of the Secured Party’s rights and remedies hereunder.

  • 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.

  • Not a Security None of the Notes shall be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.

  • Collateral Security (a) The Obligations shall be secured by (a) a perfected first-priority security interest (subject to Permitted Liens entitled to priority under Applicable Law) in all Collateral, whether now owned or hereafter acquired, pursuant to the terms of the Security Agreement to which each Borrower is a party to the extent perfected by the filing of UCC financing statements; (b) a pledge of 100% of the capital stock or other Equity Interests of such Borrowers (other than the Parent) and of the Non-Borrower Subsidiaries (other than the Foreign Subsidiaries) to the Administrative Agent on behalf of the Secured Parties pursuant to the Pledge Agreement; and (c) a pledge of the capital stock or other Equity Interests of each Foreign Subsidiary (provided that not more than 65% of the total voting power of all outstanding capital stock or other Equity Interest of any such first-tier Foreign Subsidiary of a Borrower shall be required to be so pledged and no Equity Interests of any non-first-tier Foreign Subsidiary shall be provided to be so pledged); provided that the Borrowers hereby agree, upon the request of the Administrative Agent and the Required Lenders, to deliver, as promptly as practicable, but in any event within ninety (90) days after request therefor, or such other later time, if any, to which the Administrative Agent may agree, (i) certificates of titles for all or substantially all vehicles, trucks, trailers, tractors, automobiles and any other equipment covered by certificates of title owned by a Borrower (collectively, “Motor Vehicles”) with the Administrative Agent listed as lienholder therein (subject to a limited power of attorney in favor of the Parent to dispose of titled equipment) and, if required by the Administrative Agent, the Borrowers shall retain Corporation Service Company (or other similar company satisfactory to the Administrative Agent) pursuant to agreements reasonably satisfactory to the Administrative Agent pursuant to which Corporation Service Company (or such other company) will agree to act as agent for the Secured Parties with respect to the perfection of security interests in the Motor Vehicles; and (ii) mortgages with respect to Real Property and to take such other steps and make such other deliveries as may be reasonably requested by the Administrative Agent (including, without limitation, the delivery of legal opinions, Consulting Engineer’s reports, surveys, title insurance, environmental assessment reports, flood hazard certifications, evidence of flood insurance, if required, and a certification of the name and address of each real estate recording office where a mortgage on the real estate on which any Collateral consisting of fixtures may be located would be recorded) so as to provide the Administrative Agent, for the benefit of the Secured Parties, a perfected first-priority security interest in such assets, provided that to the extent that any lease of (or operating/management agreement with respect to) Real Property prohibits assignment of such lease (or operating/management agreement) without the consent of the lessor or another party thereunder, the Borrowers shall not be required to grant a mortgage on the leasehold interest under such lease, but in such event, the Borrowers agree to diligently and in good faith use its reasonable best efforts to obtain the consent (which consent shall be in form and substance reasonably satisfactory to the Administrative Agent) of the applicable lessor or other party to such leasehold mortgage (and, upon the receipt of such consent, the Borrowers shall promptly grant such leasehold mortgage and comply with the other provisions of this Section 10.15 with respect thereto).

  • Password Security You are responsible for maintaining adequate security and control of any and all User IDs, Passwords, hints, personal identification numbers (PINs), or any other codes that you use to access the Account. Do not discuss, compare, or share information about your account number or password unless you are willing to give them full use of your money. Any loss or compromise of the foregoing information and/or your personal information may result in unauthorized access to your Account by third-parties and the loss or theft of any funds held in your Account and any associated accounts, including your Account. Checks and electronic withdrawals are processed by automated methods, and anyone who obtains your account number or access device could use it to withdraw money from your account, with or without your permission. You are responsible for keeping your email address and telephone number up to date in order to receive any notices or alerts that we may send you. We assume no responsibility for any loss that you may sustain due to compromise of your account login credentials due to no fault of ours and/or your failure to follow or act on any notices or alerts that we may send to you. If you believe your Account information has been compromised, or that someone has transferred or may transfer money from your account without your permission, contact us immediately, through Synapse, at xxxx@xxxxxxxxx.xxx or call at +0(000) 000-0000. You agree to promptly review all Account and transaction records and other Communications that we make available to you and to promptly report any discrepancy to us.

  • Premises Security 10.1 Security of premises and control of access.

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