Security Payments Clause Samples

Security Payments. Assignee shall keep all interest in the security deposits given to the Landlord by Discount Auto Sales, Inc. Assignee shall pay to Discount Auto Sales, Inc. the sum of $10,600.00. Payments to be made at the signing of the document.

Security Payments. SECTION 1. The Contractor shall comply with all Federal and State laws governing Workers Compensation, Old Age Benefits, Social Security, Unemployment Compensation, Federal and State income tax withholding and so forth. In all cases, except where otherwise specifically required by law, the employer shall withhold and remit to the State of Illinois the required withholding amounts for residents of Illinois and shall withhold and remit to the State of Iowa the required withholding amounts for residents of Iowa. SECTION 2. In order to insure Ironworkers covered by this Agreement against the hazards of unemployment, resulting through no fault of their own, Employers who are not automatically within the provisions of State Unemployment Acts, or required to make contributions thereunder, hereby agree to make voluntary application to the proper state authorities so as to come within the statutory provisions of the Illinois and Iowa Unemployment Compensation and Workmen’s Compensation Acts relating to Employers who are not under said Acts and Regulations promulgated thereunder, regardless of number employed. The Contractor will furnish the Union their Unemployment Insurance Serial Number. SECTION 3. Any Contractor, if requested shall be required to post a bond in the amount of Twenty Thousand Dollars ($20,000) to insure payment of all negotiated wages and contributions. Five (5) days after notification by the Union to the Contractor, if the bonding provision of this agreement has not been satisfied, either verbally or in writing, the Union shall have the right to withhold Ironworkers from employment by the subject Contractor. If a project is less than five (5) days duration an Employer shall have the option of depositing an amount of money in an escrow account. These moneys shall be equal to the wages and all other contributions in lieu of posting a bond of the above amount. In the event the Employer does not satisfy either or any of the above provisions, of this Agreement, then the Union shall have the right to withhold Ironworkers from employment by the subject Contractor. SECTION 4. When requested, Employers who are parties to this agreement will furnish the Local Union signed letters on the letterhead of the individual Employer stating they have employed Ironworkers on a specific type of work and paid the negotiated scale of wages on any and all jobs which the individual Employer has performed with Ironworkers.

Security Payments. This Note shall be secured by ERC reimbursement funds. Interest payments on this Note shall be due and payable on a monthly basis in the amounts and dates set forth on the Payment Schedule attached to this Note (the “Payment Schedule”). This Note shall be payable in one (1) final balloon payment of all unpaid principal and accrued but unpaid interest on May 5, 2026 (the “Maturity Date”). The time period from the date of this Note through and including the satisfaction of all obligations under this Note is hereinafter referred to as the “Loan Term”. All payments against this Note shall be payable without setoff, deduction or demand and shall be made in lawful money of the United States of America at the Lender’s principal place of business, or at such other place as Lender may from time to time designate in writing.” (b) The Payment Schedule attached to the Note is hereby deleted in its entirety and replaced with Annex A attached hereto.

Security Payments. We may require a security deposit depending on our assessment of your creditworthiness. Interest on the deposit will be paid to Small Customers as required by applicable Regulatory Requirements. Deposits can be used to cover unpaid bills and will be refunded or credited back to your account if it is no longer needed.

Security Payments. “Deposit” 1. We may require the Customer to pay a Security Payment in an amount determined by us, including without limitation, under the following circumstance: a) If the Customer does not have a satisfactory credit rating or credit history, as reasonably determined by us. b) If the Customer is a business account and has a calculated combined A/R and volume risk greater than the amount reasonably determined and approved by our internal credit and risk department. c) If the Customer chooses a rate that is offered subject to the provision of a Security Payment d) If the Customer’s previous supply of electricity or natural gas was cancelled for non-payment 2. The minimum amount of Security Payment is based on your credit rating; and/or the selected Electricity or Natural Gas rate; and/or the tariff rate code as assigned to your site by the Distribution Company. If you choose a Variable Rate plan the maximum amount of Security Payment will be equivalent to two times the average monthly Electricity or Natural Gas bill. We reserve the right to request an increase of the Security Payment if the amount originally collected by us is lower than two times the average monthly Electricity or Natural Gas bill. 3. The full amount of the Security Payment must be debited from your bank account prior to the site enrolment date or, if you choose to switch from a Variable Rate to a Fixed Rate, prior to the start date of a Fixed Rate. 4. We will pay you an annual simple interest rate of 0.5% on the Security Payment, which will be applied as a credit on your account at the time that the Security Payment is returned to you. 5. If we do not receive your normal monthly payment for energy consumed by the due date indicated on the bill, we reserve the right to apply the funds from the Security Payment and interest toward the outstanding billed amount and de-enroll the site(s). If the site(s) are de- enrolled, the Security Payment may also be applied by us to offset costs incurred for consumption up to the date of de-enrollment as well as any costs incurred due to the early termination of the remaining Fixed Rate energy. After payment of all amounts by you to us any remaining funds including accrued interest will be returned to you. 6. Return of the Security Payment or a portion thereof: a) will occur as a credit to an active account after twelve (12) months of excellent and reliable payment history; b) will occur as a refund to an inactive account after a final bill has issued with...

Security Payments. Section 12.1 & 2 0 3 / , $ 1 & ( : , 7 + : T:he 2Con5trac.tor(sha5ll ¶ 6 6 comply with all Federal and State laws governing Workers’ Compensation, Old Age Benefits, Social Security, Unemployment Compensation, etc., provided any claimed violation of this Section shall not be subject to Article VIII E–nforcement of this Agreement.

Security Payments. Compliance with the ▇▇▇▇▇▇▇'▇ Security Laws: The Contractor shall comply with all Federal and State Laws governing ▇▇▇▇▇▇▇'▇ Compensation, Old Age Benefits, Social Security and Unemployment Compensation.

Security Payments. Section 1. It is understood and agreed that all Contractors or Employers employing Journeymen Cement Masons and registered Apprentices and Trainees covered by this agreement shall comply with Federal and State Laws governing Workmen’s Compensation, Social Security and Unemployment Compensation. It is further agreed that Employers who are not automatically within the provisions of State Unemployment Acts and Workmen’s Compensation Acts, or required to make contributions thereunder, hereby agree to make voluntary applications to the proper State authorities so as to come within the statutory provisions of the Illinois and Iowa Compensation Acts relating to the Employers who are not covered under such Acts and the regulations promulgated thereunder, regardless of the number of employees. Section 2. Any Contractor or Subcontractor, if requested by the union, shall as a condition of this Agreement post a $20,000 surety bond guaranteeing to employees the payment of wages and fringe benefits including pension and welfare payments. Contractors or Subcontractors who have a previous record of timely payments of wages or contributions and keep their wages and contributions current as specified will not be required to post a bond. If the union does not require a Subcontractor to obtain and maintain a surety bond, then the union shall indemnify and hold harmless the General Contractor of the Subcontractor.