Common use of Security Maintenance Clause in Contracts

Security Maintenance. The Owner agrees that in the event that the Town draws upon any security pursuant to this agreement the Owner shall re-establish the total aggregate amount within ten (10) days of the date of the use or this agreement shall be considered to be in default.

Security Maintenance. The Owner agrees that in the event that the Town draws upon any security pursuant to this agreement the Owner shall re-establish the total aggregate amount of that security or securities within ten (10) days of the date of upon which the use security or this agreement securities are drawn upon, failing which the Owner shall be considered to be in defaultdefault under this Agreement.

Security Maintenance. The Owner agrees that in the event that the Town draws upon any security pursuant to this agreement Agreement, the Owner shall re-establish the total aggregate amount within ten (10) days of the date of the use such draw, or this agreement Agreement shall be considered to be in default.

Security Maintenance. The Owner agrees that in In the event that the Town draws upon any security pursuant to this agreement Agreement, the Owner shall re-establish the total aggregate amount within ten (10) days of the date of the use such draw, or this agreement Agreement shall be considered to be in default.