Security Bonds Clause Samples

Security Bonds. All new allotment plot-holders will be required to pay a security bond of

Security Bonds. Contractor shall ensure that all employees who are working in the City’s facilities are bonded and insured. Contractor shall perform a criminal background check on all personnel assigned to work in the facilities and shall not allow any personnel who have been convicted of any felony or crime involving theft or dishonesty to work in the City’s facilities. Contractor will be fully responsible for ensuring that all personnel assigned to work on this Contract cause no harm to City personnel or property and, if such harm occurs, shall be fully liable therefor.

Security Bonds. (a) On execution of the Licence by the Access Seeker, and in addition to payment of the Licence Fee, the Access Seeker must provide to nbn, at nbn’s discretion, a security bond or provide an unconditional bank guarantee from a registered trading bank in Australia, in the amount of $50,000 (“Security Bond”) to secure performance of the Access Seeker’s obligations under this Agreement and the Licence. (b) If the Access Seeker does not pay any amounts payable to nbn within 10 Business Days of receipt of the demand, nbn may, without limitation to any other right nbn has, deduct the amount it has demanded from the Security Bond. (c) If nbn calls on the Security Bond in accordance with clause 11(b), then the Access Seeker must top up the Security Bond within 10 Business Days of written notice from nbn so that the amount required in clause 11(a) is maintained. (d) Subject to nbn's right to deal with the Security Bond under clause 11(b), nbn will refund the Security Bond or balance of the Security Bond then held within reasonable time following termination or expiry of the Licence and compliance by the Access Seeker of all obligations under the Licence up to the termination or expiry date.

Security Bonds. “Security Bonds” shall have the meaning set forth in Section 6.14(a). Seller. “Seller” shall have the meaning set forth in the Preamble. Seller 401(k) Plan. “Seller 401(k) Plan” shall have the meaning set forth in Section 6.9(h).

Security Bonds. Any security bonds or deposits required by the governments or other authorities in the area of operation shall be provided by the operator and all costs and expenses incurred in providing such shall be met by the Operator.

Security Bonds