SECURITY FOR DUE PERFORMANCE Sample Clauses

SECURITY FOR DUE PERFORMANCE. 43.1 The Contractor will provide at the Authority’s discretion, at the Contractor’s expense, a parent company guarantee (from such Holding Company as the Authority may require unless otherwise agreed with the Authority) in the form contained in Schedule 18 and, if requested by the Authority, a legal opinion as to its enforceability in the form contained in the Appendix to Schedule 18.
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SECURITY FOR DUE PERFORMANCE. 37.1 The Supplier shall, within *** after signing of the Contract, furnish to the Purchaser the advance payment security in the amount of *** in the form specified in Appendix A-2 to the Contract. In case the Supplier fails to furnish the advance payment security in accordance with this Clause, the Purchaser may, without prejudice to any other rights or remedies provided under this Contract, terminate the Contract and the Supplier shall be liable for and pay to the Purchaser *** as liquidated damages, and bear the additional cost or loss that the Purchaser may incur.
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SECURITY FOR DUE PERFORMANCE. 26.1 The Supplier will provide, at its expense, when requested, a duly executed parent company guarantee (from the Supplier's ultimate parent company unless otherwise agreed with the Company) substantially in the format contained in Schedule 13A and/or a duly executed performance bond substantially in the format contained in Schedule 13B within 30 days of any such request by the Company. The Company will not be obliged to make any payments under the Contract after such a request (even if such payments have fallen due to the Supplier) until the parent company guarantee and/or the performance bond (as applicable) have been provided in a form satisfactory to the Company.
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SECURITY FOR DUE PERFORMANCE. 28.1 In accordance with the Councils Contract Procedure rules (subject to the Contract value) the Council may request that the Consultant shall provide (on signature of the contract) a performance bond in a form approved by the Council. The Council will not be obliged to make any payments under the Contract until the requested performance bond has been provided in a form satisfactory to the Council.
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SECURITY FOR DUE PERFORMANCE a) Before this Agreement is executed by the Township the Owner has deposited the cash or an irrevocable letter of credit in the full amount of Schedule “K”, herein called the “deposit”, such deposit to be given as security to ensure the performance by the Owner for all the terms and conditions of this Agreement.
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SECURITY FOR DUE PERFORMANCE. Subject to the provisions of this Agreement, Borrower irrevocably assigns to Lender, as security for the obligations secured by the Mortgage and Borrower’s due performance of this Agreement and for any other obligations of Borrower to Lender, Borrower’s Loan Account and all moneys placed in that account, including but not limited to amounts that may be subsequently deposited in the account by Borrower or Lender.
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SECURITY FOR DUE PERFORMANCE. 41.1 As a condition precedent to the Contract, if required by the Authority, the Contractor shall (to the extent that it has not already done so) provide at its expense a parent company guarantee (from such Holding Company as the Authority may require unless otherwise agreed with the Authority) substantially in the form contained in Schedule 8 (Form of Parent Company Guarantee) and as approved by the Authority and, if requested by the Authority, a legal opinion substantially in the form contained in Schedule 9 (Form of Legal Opinion for Use with Guarantee) and as approved by the Authority.
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SECURITY FOR DUE PERFORMANCE. 43.1 The Contractor will provide at the Authority’s discretion, at the Contractor’s expense:
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Related to SECURITY FOR DUE PERFORMANCE

  • Due Performance Each party to this Agreement undertakes the obligation that the other's expectation of receiving due performance will not be impaired. When reasonable grounds for insecurity arise with respect to the performance of either party, the other may, in writing, demand adequate assurance of due performance and until such written assurance is received may, if commercially reasonable, suspend any performance for which the agreed return has not been received.

  • Prompt Performance All actions required to be taken (including payments) by any party under this Agreement shall be performed within the time prescribed for performance in this Agreement, or if no period is prescribed, such actions shall be performed promptly.

  • Not Impair Performance Buyer shall not take any intentional action that would cause the conditions upon the obligations of the parties hereto to effect the transactions contemplated hereby not to be fulfilled, including, without limitation, taking or causing to be taken any action that would cause the representations and warranties made by any party herein not to be true, correct and accurate as of the Closing, or in any way impairing the ability of Seller to satisfy its obligations as provided in Article VII.

  • Excused Performance 6.1 Notwithstanding the occurrence of a Force Majeure Event, in which case Clause 17 will govern, BT will not be liable for any failure or delay to perform any of its obligations under this Agreement (including any of its obligations to meet any Service Levels) to the extent that BT’s failure or delay in performing arises as a result of:

  • Assist Performance Buyer shall exercise its reasonable best efforts to cause to be fulfilled those conditions precedent to Seller’s obligations to consummate the transactions contemplated hereby which are dependent upon actions of Buyer and to make and/or obtain any necessary filings and consents in order to consummate the sale transaction contemplated by this Agreement.

  • Continuity of Service and Performance Unless otherwise agreed in writing, the Parties shall continue to provide service and honor all other commitments under this Agreement during the course of a Dispute with respect to all matters not subject to such Dispute.

  • Timely Performance (a) SELLER's timely performance is a critical element of this Contract.

  • Seller’s Performance (a) All of the covenants and obligations that Sellers are required to perform or to comply with pursuant to this Agreement at or prior to the Closing (considered collectively), and each of these covenants and obligations (considered individually), must have been duly performed and complied with in all material respects.

  • Time for Performance 1.1. The term of this SOW Agreement shall begin on and end on (the “Initial Term”). The Initial Term may be extended as the parties may agree. The State may terminate this SOW for convenience upon thirty days prior written notice to the Contractor. If the Master Agreement should expire or otherwise terminate prior to the end of the term of this SOW Agreement, this SOW Agreement shall continue to the end of its existing term, unless or until terminated in accordance with the terms of this SOW Agreement, and the Parties acknowledge and agree that the terms of the Master Agreement shall survive and apply to this SOW Agreement.

  • PAYMENT AND PERFORMANCE OF LIABILITIES The Borrowers shall pay each payment Liability when due (or when demanded, if payable on demand) and shall promptly, punctually, and faithfully perform each other Liability.

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