Operations Security Deposit definition

Operations Security Deposit shall bear the meaning ascribed thereto in Section 8.6(c);
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Operations Security Deposit has the meaning set forth in Section 8.2 (b). “Performance Security Deposit” has the meaning set forth in Section 8.2 (a).
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Operations Security Deposit. The meaning ascribed thereto in Clause 9.4.7(c) “OUR” – The meaning ascribed thereto in Clause 3.2.
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Examples of Operations Security Deposit in a sentence

  • The Company, when established, shall assume all the rights and obligations of the Project Sponsor, including but not limited to those in relation to the execution of the Project Agreements, Bid Security, the Performance Security Deposit and the Operations Security Deposit.

  • The Performance Security Deposit shall return upon the delivery to Bangladesh Power Development Board (BPDB) of the Operations Security Deposit pursuant to Section 8.2(b) of PPA.

  • Within thirty (30) days following the COD, the Company shall provide the Operations Security Deposit (in an amount equivalent to two (2) Months of Tariff Payment based on 80% plant factor of Contracted Capacity of the Facility) to Bangladesh Power Development Board (BPDB) securing the Company’s payment obligations under the PPA.

  • If, upon the termination of this Agreement, there shall be any Dispute between the Company and JPS that has been referred to an expert for determination or is being arbitrated pursuant to the Agreement, then JPS shall deposit into an escrow account an amount from the Operations Security Deposit equal to the damages or monies that JPS, in its reasonable judgment, deems sufficient to satisfy any amount that may be due to JPS by reason of such Dispute.

  • In case of inability of the Company to make such payment within the stipulated time period of thirty (30) days, BPDB shall have the right to encash the Operations Security Deposit, if any available, as on that date and appropriate the proceeds of such encashment towards the payment due from the Company.

  • Upon termination of this Agreement, JPS shall be entitled to retain or collect, as the case may be, from the Operations Security Deposit and any interest accrued thereon, any damages or monies then due or reasonably expected to be due to JPS by the Company, and the remainder of the Operations Security Deposit and accrued interest thereon, if any, shall be paid or returned to the Company.

  • Unless the entire undisputed amount of liquidated damages is paid to EVN by the BOT Company, the undisputed amount of such liquidated damages plus accrued interest due to EVN may be immediately deducted by EVN from the Operations Security Deposit.

  • In the event disputed amounts are not placed in escrow pursuant to the procedure set forth in Article 13.5, EVN shall be entitled to draw the disputed amounts from the Operations Security Deposit for the purpose of placing such amounts in escrow pending resolution of such Dispute.

  • The Performance Security Deposit shall terminate upon the delivery to Bangladesh Power Development Board (BPDB) of the Operations Security Deposit pursuant to Section 8.2(b) of PPA.

  • This permissiveness troubles me, but I can see no rational way of tightening it.


More Definitions of Operations Security Deposit

Operations Security Deposit has the meaning set forth in Article 8.2 (b).
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Related to Operations Security Deposit

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with NMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Rent Reserve means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located and a Collateral Access Agreement has not been duly executed and delivered by the lessor or bailee at such location, a reserve equal to three (3) month’s rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Administrative Agent in its reasonable discretion.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Initial Reserve Account Deposit means $3,000,000.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.