Revenue Security definition

Revenue Security means the amount equal to the one advance quarter net guaranteed revenue, which shall be deposited by the Operator to the Employer against security deposit.
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Revenue Security means the amount equal to one quarterly advance net guaranteed revenue, which shall be deposited by the Concessionaire to the Employer as a security deposit.
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Revenue Security means the amount equal to six (06) months net guaranteed revenue as required in clause 21.1 (b) of ITB, which shall be deposited by the Operator to the Employer against security deposit.
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Examples of Revenue Security in a sentence

  • Office Finance and Revenue Security Finance are considered one department, so employees who are laid-off with three or more years seniority could not use their company seniority to exercise bumping rights between the two sections.

  • When a Revenue Security Finance position becomes available it will be offered first to employees by seniority in the Revenue Security Finance Section.

  • The date entering the position determines Revenue Security Finance Section seniority.

  • If no employee in Office Finance takes the position, it will then be offered by seniority to Finance Revenue Security Section employees.

  • The Borrower hereby grants and shall cause each Guarantor to grant a security interest on all Revenue of the Borrower and the Guarantors to the Lender as security for the Obligations, such security interest to be evidenced by the Revenue Security Agreement.

  • The above provisions for Office Finance and Revenue Security Finance do not apply to Finance Purchasing and Material Management Department or Finance Revenue Equipment Mechanics or Technicians.

  • There is a straight seniority system in the Revenue Security Finance Section for open positions and lay-offs.

  • Finance Revenue Security employees must meet position qualifications outlined on job descriptions and work record standards.

  • If any damage, loss, theft or destruction shall occur to the stated equipment, the employee and/or supervisor should directly report this to Revenue Security and his/her immediate supervisor.

  • Upon completion of use of equipment, it should be immediately returned to the Revenue Security Department.


More Definitions of Revenue Security

Revenue Security means each and every Security Interest conferred by the Security Documents over the Revenue Agreement Payments and the Revenue Account (including all rights and claims to which the Borrower is now or may hereafter become entitled in relation to all moneys now or at any time hereafter standing to the credit of the Revenue Account).
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