Security Required. (a) To the extent any cession is made hereunder on a coinsurance basis, the Reinsurer shall secure its obligations with respect to the Coinsured Liabilities by, at its option, either (i) posting a “clean”, irrevocable, unconditional and evergreen letter of credit issued by a bank acceptable to the Ceding Company in its sole discretion that meets the requirements of Applicable Law and would permit the Ceding Company full credit as admitted reinsurance of the Coinsured Liabilities (a “Letter of Credit”), (ii) establishing and funding a reinsurance trust account (the “Reinsurance Trust Account”) for the benefit of the Ceding Company, which Reinsurance Trust Account shall consist only of cash (United States legal tender), certificates of deposit (issued by a United States bank and payable in United States legal tender) and/or investments of the types permitted by Article 3.10, § (d), or Article 5.75-1, § (d) of the Texas Insurance Code and permitted by investment guidelines mutually agreed between the Ceding Company and the Reinsurer, provided, that such investments are issued by an institution that is not the parent, Subsidiary or other Affiliate of either the Ceding Company or the Reinsurer (“Authorized Investments”), deposited pursuant to a trust agreement in form and substance, and with a third party trustee, in each case satisfactory to the Ceding Company in its sole discretion that, at all times, meets the requirements of any Applicable Law, and that would permit the Ceding Company full credit as admitted reinsurance of the Coinsured Liabilities, or (iii) a combination of both a Letter of Credit and Reinsurance Trust Account. Assets deposited into the Reinsurance Trust Account shall be valued according to their current Fair Market Value.
Security Required. (a) Owner shall file with the District prior to the date the District signs the Improvement Plans and prior to the date of Owner obtaining permits from the District to construct the sanitary sewer improvements for the subject property, a good and sufficient improvement security in an amount not less than the estimated cost of the work and improvements for the faithful performance of the terms and conditions of this Agreement and a good and sufficient security for payment of labor and materials equal to the amount of the faithful performance bond to secure the claims to which reference is made in Title 15 of Part 4 of Division 3 of the Civil Code of the State of California (commencing with Section 3082).
Security Required. In order to secure the construction and installation of the public and other required Subdivision improvements, whether on-site or off-site, above described and as shown in the Subdivision Final Plat for the Property and all accompanying documents, drawings and plans submitted for the Approved for Construction drawings, for which the Developer is responsible, and in accordance with Section 17.21.100 of the Fruita Municipal Code, the Developer shall furnish the City with: (a) cash to be deposited in an escrow account that is acceptable to the City pursuant to the Escrow and Disbursement Agreement attached hereto as Exhibit "C" and incorporated herein by this reference; or (b) an irrevocable standby letter of credit that is acceptable to the City; or (c) a performance bond issued by a surety approved by the City, in an amount equal to one hundred ten percent (110%) of the estimated cost of said facilities.
Security Required. (a) Developer shall file with the District prior to the date of Developer obtaining permits from the District to construct the Recycled Water improvements for the subject property, a good and sufficient improvement security in an amount not less than the estimated cost of the work and improvements for the faithful performance of the terms and conditions of this Agreement and a good and sufficient security for payment of labor and materials equal to the amount of the faithful performance bond to secure the claims to which reference is made in Title 15 of Part 4 of Division 3 of the Civil Code of the State of California (commencing with Section 3082).
Security Required. Is security required on execution from the Customer? (clause 21 of the Standard Conditions) Yes/No Amount of security required : 8. Insurance $[ ] or N/A Amount of insurance required : $[ ] or N/A
Security Required. As general and continuing collateral security for the due payment of all present and future debts, liabilities and obligations of the Credit Parties to the Security Beneficiaries, there shall be provided (and the Borrower and each Guarantor agree to provide) the following security (together with all other security granted by any Credit Party in favour of the Collateral Agent for the benefit of any Security Beneficiaries in their capacities as such, the "SECURITY"), which shall be in form and substance satisfactory to the Lenders:
Security Required. The LESSEE MUST contract through the TOWN a Silverhill Police Officer as security to be present during any event at the Little Hall Building where alcoholic beverages are served no one is exempted from this requirement by the TOWN. Lessee must be 21 years of age with a valid Driver’s License to rent the building or to serve alcoholic beverage and as those in attendance that will be consuming any alcohol must be 21 years of age, this is monitored and those in violation will be dismissed. Failure to comply forfeits any deposits on hand with Town Hall.
Security Required. Police Officer(s) are required for rentals. The number of officers required will depend on the number of guest expected and the serving of alcohol. There is a four-hour minimum for each officer.
Security Required. This is a description of the security to be provided by you in relation to the credit agreement. If you fail to make any payments when due we may cancel any product that has been financed by this credit agreement, and apply any refund of the premiums, or the proceeds of any claim, to any outstanding balance you owe us.
Security Required. In order to secure the construction and installation of the public and other required Development improvements, whether on-site or off-site, above described and as shown in the development plan for the Property and all accompanying documents, drawings and plans submitted for the Development Plat, for which Developer is responsible, and in accordance with Section 17.21.100 of the Fruita Municipal Code, Developer shall furnish the City with: (a) cash to be deposited in an escrow account that is acceptable to the City pursuant to the Escrow and Disbursement Agreement attached hereto as Exhibit "C" and incorporated herein by this reference; or (b) an irrevocable standby letter of credit that is acceptable to the City; or (c) a performance bond issued by a surety approved by the City, in an amount equal to one hundred ten percent (110%) of the estimated cost of said facilities.
