Performance Bond or Other Security Sample Clauses

Performance Bond or Other Security. (a) Comcast shall obtain and maintain, within thirty (30) days of the Effective Date of the Agreement and throughout the term of this Agreement, at its sole cost and expense, security with a surety company licensed to do business in the Commonwealth of Pennsylvania to ensure Comcast’s faithful performance of its obligations. The form of this security may, at Comcast’s option, be a performance bond, letter of credit, cash deposit, cashier’s check or any other security acceptable to the Township. The security shall provide that the Township may recover from the principal and surety any and all liquidated damages and/or compensatory damages incurred by the Township for Comcast’s violations of this Agreement, after notice and opportunity to cure, in accordance with Sections 10.1 and 10.2 above.
Sample 1
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Performance Bond or Other Security. Before exercising any rights under this Agreement, Licensor requires a cash or surety bond of $2,000.00, from Purchaser, as security for Purchaser’s obligations to be performed hereunder. If Purchaser defaults in the performance of any obligation hereunder, Licensor may apply said sum to the extent necessary to reimburse itself in a sum equal to any damage sustained as a result of said default, including costs incurred for its reasonable attorneys’ fees. If and when security for the performance of the terms of this Agreement or the settlement of claims incidental thereto is no longer necessary, and after satisfactory releases obtained from Licensor, the State, and the United States of America, or any other governmental body having jurisdiction, the balance remaining in this retainage shall be paid to Purchaser. Provided, however, if Purchaser fails to fulfill or perform the terms and requirements of this Agreement, or make prompt settlement of claims incidental thereto, Purchaser agrees that all monies then being withheld by Licensor under the terms hereof may be applied by Licensor toward the satisfaction of the obligations of Purchaser hereunder, without prejudice to any other rights and remedies of Licensor.
Sample 1
Performance Bond or Other Security 
Sample 1

Related to Performance Bond or Other Security

  • 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.

  • 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.

  • Performance Bond Unless otherwise prohibited by law, the Department may require the Contractor to furnish, without additional cost to the Department, a performance bond or irrevocable letter of credit or other form of security for the satisfactory performance of work hereunder. The Department shall determine the type and amount of 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.

  • 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.

  • Performance Security If our Tender is accepted, we commit to obtain a performance security in accordance with the Tendering document;

  • Participant’s Obligations As part of the Agreement to which this Exhibit A is attached, you, the Participant, agree to the following obligations:

  • Performance Bonds Buyer shall have obtained, or caused to be obtained, in the name of Buyer, replacements for Seller’s and/or Seller’s Affiliates’ bonds, letters of credit and guarantees, and such other bonds, letters of credit and guarantees to the extent required by Section 7.05.

  • 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.

  • Performance Obligation 11.1 Developer’s Attachment Facilities 11.2 Connecting Transmission Owner’s Attachment Facilities

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