Security Amount definition

Security Amount means an amount equal to:

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Security Amount means the amount specified in Item 3 of Schedule 1 as it may be adjusted from time to time in accordance with clause 22(b).

Security Amount has the meaning provided in Annex A.

Examples of Security Amount in a sentence

In the event that Tenant does default under the terms of this Lease beyond applicable notice and cure periods prior to the end of the 24th calendar month, the Security Amount shall remain at the original Security Amount for the balance of the Term (even if Landlord waives or declines to enforce such default).
If Landlord uses, applies or retains the whole or any part of the Cash Security held by Landlord under any of the provisions of Section 5.1 or 5.2, Tenant, within five (5) days after notice thereof, shall deliver to Landlord, in cash or by a cashier’s check, or Tenant’s certified check, in either case drawn by or on a bank which is a member of the Clearing House Association and payable to the order of Landlord, the sum necessary to restore the Cash Security to the Security Amount.
Upon the execution of this Lease, Tenant shall pay to Landlord the first month’s Base Rent, the Security Amount, and the first monthly installment of estimated Operating Expenses (i.e., $62,100.56) (the “Pre-Payment”).
In such event, within sixty (60) days following the date of execution and delivery of this lease by Landlord and Tenant, Tenant shall deliver to Landlord the Letter in the amount of the Security Amount and in accordance with the requirements of Section 5, and promptly following Landlord’s receipt of said Letter, Landlord shall return the Initial Cash Deposit to Tenant.
Notwithstanding anything to the contrary set forth herein, Tenant may initially deliver the Security Amount to Landlord in the form of cash (the “Initial Cash Deposit”), provided that the Initial Cash Deposit is so delivered with sufficient funds to Landlord simultaneously with ▇▇▇▇▇▇’s execution of this lease.

More Definitions of Security Amount

Security Amount with respect to a Reinsurer means, as of the applicable Collateral Calculation Date, an amount equal to: a. The product of the (i) percentage set forth in Section 1(A)(i) of the I&L Agreement,

Security Amount means, as of the applicable Collateral Calculation Date, an amount equal to:

Security Amount means at any time the amount equal to ***** ***** Lessee shall pay to Lessor Maintenance Payments monthly in arrears for the Aircraft in the following amounts: Airframe “SC Checks”: *****

Security Amount has the meaning given to it in GC 16.2(v).

Security Amount. ▇▇▇▇ "▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇" 305 "Security Registrar" 305 "Series A Securities" Recitals "Series B Securities" Recitals "Special Payment Date" 309 "Surviving Entity" 801 "Surviving Guarantor Entity" 801 "U.S. Government Obligations" 404 Section 103. Compliance Certificates and Opinions. Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture and as may be requested by the Trustee, the Company and any Guarantor (if applicable) and any other obligor on the Securities (if applicable) shall furnish to the Trustee an Officers' Certificate in a form and substance reasonably acceptable to the Trustee stating that all conditions precedent, if any, provided for in this Indenture (including any covenant compliance with which constitutes a condition precedent) relating to the proposed action have been complied with, and an Opinion of Counsel in a form and substance reasonably acceptable to the Trustee stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that, in the case of any such application or request as to which the furnishing of such certificates or opinions is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. Every certificate or Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Indenture shall include:

Security Amount means an amount equal to the sum of the fees and charges, including potential Monthly Deficiency Payments related to Shipper’s Committed Volume under Shipper’s TSA for thirty-six (36) Months service, or such longer period set forth in Committed Shipper’s TSA entered into pursuant to the Open Season commenced on January 2, 2015, (rounded upwards to the nearest $100,000) as calculated by Transporter.

Security Amount means with respect to any Accounting Period during which an Initial Security Amount Posting Date occurs or beginning after an Initial Security Amount Posting Date and prior to the related Security Amount Release Date, the amount of the Reserves as of the end of the prior Accounting Period, updated to reflect the actual mortality experience under the Covered Insurance Contracts from the Original Effective Time to the date on which the Security Triggering Event giving rise to such Initial Security Amount Posting Date occurred.