Additional security requirements definition
Additional security requirements. The following provisions apply in respect of any Additional Security provided:
(a) if the Additional Security is in the form of a cash deposit, the Distributor will pay a charge to the Network User calculated in accordance with clause 12A.5(3)(a) of the Code, and the Additional Security will be held as if it were part of the Cash Deposit under this agreement;
(b) if the Additional Security is in the form of security from a third party, the Distributor will pay a charge to the Network User calculated in accordance with clause 12A.5(3)(b) of the Code;
(c) any money required to be paid by the Distributor to the Network User in accordance with this clause 1.8 will be paid by the Distributor to the Network User on a quarterly basis net of any amounts required to be withheld by law; and
(d) if the level of any Additional Security actually provided by the Network User is greater than the level of Additional Security required by the Distributor, the charges referred to in sub-clause (a) will not be payable by the Distributor under this clause 1.8 in relation to the excess.
Additional security requirements means any additional security requirements which apply in relation to any Project and are set out in the relevant Mini-Invitation;
Additional security requirements. The following provisions apply in respect of any Additional Security provided:
(a) if the Additional Security is in the form of a cash deposit, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(a) of the Code, and the Additional Security will be held as if it were part of the Cash Deposit under this agreement;
(b) if the Additional Security is in the form of security from a third party, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(b) of the Code;
(c) any money required to be paid by the Distributor to the Retailer in accordance with this clause 8.8 will be paid by the Distributor to the Retailer on a quarterly basis; and
(d) if the level of any Additional Security actually provided by the Retailer is greater than the level of Additional Security required by the Distributor, the charge referred to in sub-clause (a) will not be payable by the Distributor under this clause 8.8 in relation to the excess.
Examples of Additional security requirements in a sentence
Additional security requirements will be advised by the Framework Public Body prior to, Service Commencement Date.
Add additional pages as needed to provide complete guidance) Additional security requirements begin on page 3.
Guidance note: Additional security requirements or standards may be specified in an Order Form.
The Contractor shall submit to the Albuquerque District Contracting Office, the names of all foreign nationals proposed for performance under this contract / Task Order, along with documentation to verify that he/she was legally admitted into the United States and has authority to work in the U.S. Additional security requirements may be added on a Task Order by Task Order basis.
Additional security requirements may be included as part of handling some incidents and standard service requests.
Additional security requirements are task order dependent and will be clearly noted in each awarded task order.
Additional security requirements may be defined in Work Order Contracts.
Additional security requirements may be imposed on airport users by the Airport Commission or Airport Manager.
Additional security requirements and procedures may be established by the written consent of the Parties.
Additional security requirements, standards and specifications may be provided at the Task level and the contractors must understand certain Security Publications so that contractors are prepared to comply if encountered at the Task level.
More Definitions of Additional security requirements
Additional security requirements. The following provisions apply in respect of any Additional Security provided: if the Additional Security is in the form of a Cash Deposit, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate that is calculated as follows: the Bank ▇▇▇▇ ▇▇▇▇▇ Rate for that day, plus 15 percentage points (so that, by way of example, if the Bank ▇▇▇▇ ▇▇▇▇▇ Rate for the relevant day is 3%, the charge will be 18%) the parties agree that the charge calculated in accordance with paragraph
(a) is a genuine and reasonable pre-estimate of the cost to the Trader of providing the Additional Security in the form of a Cash Deposit; the Additional Security must be held as if it were part of the Cash Deposit under this Agreement; if the Additional Security is in the form of security from a third party, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate of 3% on the amount of Additional Security held on that day; any money required to be paid by the Distributor to the Trader in accordance with this clause 10.9 must be paid by the Distributor to the Trader on a quarterly basis; and if the Trader provides an amount that is greater than the amount of Additional Security required by the Distributor as Additional Security, the charges set out in paragraph (a) will not be payable by the Distributor in relation to the amount provided in excess of the Additional Security required by the Distributor.
Additional security requirements. The following provisions apply in respect of any Additional Security provided: if the Additional Security is in the form of a Cash Deposit, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(a) of the Code, and the Additional Security will be held as if it were part of the Cash Deposit under this agreement; if the Additional Security is in the form of security from a third party, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(b) of the Code; and any money required to be paid by the Distributor to the Retailer in accordance with this clause 6.6.7 will be paid by the Distributor to the Retailer on a quarterly basis. Estimating the value of security if the Retailer is a new retailer: If the Retailer has not previously entered into a contract with the Distributor for access to the Network, the Distributor will estimate the value of security required under clause 6.6.6 for the first 6 months of this agreement, subject to any reassessment of the value under this agreement, having regard to: the Distributor's historical records of the Distribution Service charges in respect of the relevant ICPs; or in the absence of such records, a bona fide business plan prepared by the Retailer in good faith necessary for the Distributor to determine the value of security that it requires from the Retailer. Review of the value of security: The Distributor may review or the Retailer may require the Distributor to review the value of security required to be provided by the Retailer at any time. Retailer to notify Distributor of changes affecting security: Subject to clause 6.6.11, the Retailer will immediately notify the Distributor if any of the following occurs: the Retailer no longer carries an acceptable credit rating; or the Retailer has complied with prudential requirements by arranging for a third party to provide security in accordance with clause 6.6.1(b), and the Retailer learns that the third party no longer carries an acceptable credit rating; or the Retailer has reasonable cause to believe that its financial position is likely to be materially adversely impaired such that its ability to pay for Services will be affected. Any information provided by the Retailer to the Distributor under this clause 6.6.10 will be Confidential Information. Public issuers and listed companies: For the purpose of clause 6.6.10, if the Retailer: is a “public issuer” for the purposes of the Securi...