Provision of Financial Security Sample Clauses

Provision of Financial Security. (a) If, after having conducted a review of the credit worthiness of the Access Seeker, the Multiplex Licensee determines that the Access Seeker does not meet its reasonable security requirements, the Multiplex Licensee may request by way of notice that the Access Seeker provides a Financial Security or an amended Financial Security in a form and of an amount which is reasonable in all the circumstances.
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Provision of Financial Security. The Access Seeker must provide the Financial Security requested by the Multiplex Licensee within 21 Business Days of the date of receipt of such a request.
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Provision of Financial Security. (a) Initial Estimate of Financial Security to be Posted: The amount available to be drawn under any credit support for the Transmission Owners’ Interconnection Facilities and JPP Network Upgrades required to interconnect the Generating Facility shall be: APS Share (11.00%) $276,203 IID Share (12.78%) $320,898 Subtotal of APS and IID shares (23.78%) $597,101 SDG&E Share (76.22%) $1,913,836 TOTAL (100%) $2,510,937
Sample 1

Related to Provision of Financial Security

  • Financial Security 5.4.1. To provide financial security the Company is entitled to request from the Client a confirmation of the verification of personal data submitted at the registration of a trading account. For this purpose the Company may at any moment ask the Client to submit a copy of a passport or other equivalent document, certified by a notary (at Company’s discretion).

  • PROVISION OF FINANCIAL ASSISTANCE As authorized by Section 2 of this Agreement for the sole and express purpose of financing the Project defined and described in Appendix A of this Agreement, the estimated costs of which are set forth and described in Appendix D of this Agreement, the OPWC hereby agrees to provide financial assistance, subject to the terms and conditions contained in this Agreement, from the State Capital Improvements Fund which constitutes the proceeds of the Infrastructure Bonds, in an amount not to exceed Two Hundred Eleven Thousand, Three Hundred Eighty Dollars ($211,380). This financial assistance shall be provided in the form of a Grant. The OPWC Grant Control No. is

  • Financial Security Arrangements At least 20 Business Days prior to the commencement of the design, procurement, installation, or construction of a discrete portion of the Connecting Transmission Owner’s Interconnection Facilities and Upgrades, the Interconnection Customer shall provide the Connecting Transmission Owner, at the Interconnection Customer’s option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Connecting Transmission Owner and is consistent with the Uniform Commercial Code of the jurisdiction where the Point of Interconnection is located. Such security for payment shall be in an amount sufficient to cover the costs for constructing, designing, procuring, and installing the applicable portion of the Connecting Transmission Owner’s Interconnection Facilities and Upgrades and shall be reduced on a dollar-for-dollar basis for payments made to the Connecting Transmission Owner under this Agreement during its term. The Connecting Transmission Owner may draw on any such security to the extent that the Interconnection Customer fails to make any payments due under this Agreement. In addition:

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

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