Security Requirement definition

Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time:
Security Requirement means the amount in Dollars (as certified by the Bank whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Bank) which is, at any relevant time, One hundred and twenty per cent (120%) of the aggregate of (a) the Loan and (b) the cost (if any) (as certified by the Bank whose certificate shall in the absence of manifest error be conclusive and binding on the Borrowers and the Bank) of terminating any Transactions entered into pursuant to the Master Swap Agreement;
Security Requirement means the security deposit or banker’s guarantee given by the Requesting Licensee to OpenNet in accordance with the main body of the ICO Agreement;

Examples of Security Requirement in a sentence

  • PJMSettlement may waive the Financial Security Requirement for a Participant that agrees in writing that it shall not, after the date of such agreement, incur obligations under any of the Agreements.

  • Bidders are to supply the following information, as a minimum, to demonstrate compliance with the Security Requirement.

  • Low-lying energy levels and their spec- troscopic factors obtained by one-neutron transfer reactions to 37S (upper) and 35Si calculated with SDPF-MU.

  • Interest is not paid on Cash Collateral balances held by ERCOT where, in accordance with paragraph (4) of Section 16.11.7, Release of Market Participant’s Financial Security Requirement, the Counter-Party’s Standard Form Market Participant Agreement has been terminated and ERCOT has determined that no obligations remain owing or will become due and payable.

  • A Participant may reduce its Financial Security Requirement by agreeing in writing (in a form acceptable to PJMSettlement) to make additional payments, including prepayments, as and when necessary to ensure that such Participant’s Total Net Obligation at no time exceeds such reduced Financial Security Requirement.


More Definitions of Security Requirement

Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrower and the other Creditors) which is, at any relevant time, one hundred and twenty five per cent (125%) of the Loan at that time;
Security Requirement means the security deposit or banker’s guarantee given by the Requesting Licensee to SingTel in accordance with the main body of the RIO Agreement;
Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Banks) which is at any relevant time (a) when there is no Swap Exposure, One hundred and seventeen point six per cent (117.6%) of the Loan and (b) when there is Swap Exposure, One hundred and eleven point eleven per cent (111.11%) of the aggregate of (i) the Loan and (ii) the Swap Exposure at such time;
Security Requirement means the amount in Dollars (as certified by the Bank whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrower and the Bank) which shall be equal to one hundred and twenty per cent (120%) of (i) the Loan (or the Equivalent Amount in Dollars when the Loan or part thereof is denominated in an Optional Currency) and (ii) the cost (if any) (as certified by the Bank whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrower and the Bank) of terminating any Transaction entered into pursuant to the Master Swap Agreement;”;
Security Requirement means the financial ability of a person to make payment of basic no-fault benefits of thirty thousand dollars per person per accident; motor vehicle liability insurance of twenty-five thousand dollars per person, fifty thousand dollars per accident, and twenty-five thousand dollars property damage; and uninsured motorist protection of twenty-five thousand dollars per person and fifty thousand dollars per accident.
Security Requirement means the specifications in terms of functions or level of assurance relating to the security measures to be implemented in an information system to ensure that it meets the security needs.
Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the other Creditors) which is, at any relevant time during the period commencing on the earlier of (a) the Drawdown Date of the last Delivery Advance to be drawn down and (b) the last day of the last Drawdown Period to elapse, and ending on the date when all amounts owing under this Agreement and the other Security Documents have been paid in full, One hundred and twenty five per cent (125%) of the aggregate of (i) the Loan and (ii) the aggregate Swap Exposure under both Master Swap Agreements;