Amount of Security. The Ceding Company will provide the Reinsurer with a quarterly statement showing the Reinsurer’s Quota Share Percentage of the statutory liabilities associated with the Annuities. The Reinsurer shall ensure that the total amount of security provided under this Agreement equals or exceeds the amount of reinsurance credit taken by the Ceding Company under this Agreement.
Amount of Security. Ceding Company will provide Reinsurer with a quarterly statement showing Reinsurer’s share of the statutory liabilities associated with the General Account Reinsured Liabilities (as calculated by Reinsurer). Reinsurer shall ensure that the total amount of security provided under this Agreement shall be equal to the lesser of (i) the Security Trust Base Amount minus Two Hundred Million Dollars ($200,000,000) or (ii) the amount required under Section 10.3(d).
Amount of Security. The Ceding Company will provide the Reinsurer with a quarterly statement showing the Reinsurer’s Quota Share Percentage of the statutory liabilities associated with the Annuities. The Reinsurer shall ensure that the total amount of security provided under this Agreement equals or exceeds the amount of reinsurance credit taken by the Ceding Company under this Agreement. If the statement shows that the Reinsurer’s Quota Share Percentage of the statutory liabilities exceeds the amount of security provided as of the statement date, the Reinsurer shall, within sixty (60) days after receipt of notice of such excess, provide additional security for the Ceding Company and provide proof thereof in the form of (i) an amendment to the letter of credit or an additional letter of credit increasing the amount of credit, (ii) additional deposits in a reserve credit trust, (iii) additional funds withheld, or (iv) any combination of the foregoing in an amount equal to such excess. If, however, the statement shows that the Reinsurer’s Quota Share Percentage of the statutory liabilities is less than the total security provided, the Ceding Company shall, within sixty (60) days after receipt of written request from the Reinsurer, release such excess security by (a) returning a portion of funds withheld, (b) agreeing to reduce the amount of the letter of credit, (c) authorizing the withdrawal of funds from the reserve credit trust by Reinsurer, or (d) some combination of such of the foregoing actions as may release such excess funds to Reinsurer for its exclusive use.
Amount of Security. (a) If we ask you to provide security, the amount will be no more than:
Amount of Security. Upon execution of this Agreement, Developer shall file the following bonds with the City: (Gov’t. Code §66499.1 and WCMC §10-1.808.)
Amount of Security. (a) Concurrently with Tenant’s execution and delivery of this Lease, Tenant shall deposit with Landlord cash in the amount of the Letter of Credit Amount set forth in Section 1.1 (the “Cash Deposit”). The Cash Deposit paid by Tenant to Landlord shall be held by Landlord and be withdrawn and applied by Landlord under the same circumstances and for the same purposes as if it were a Letter of Credit (in accordance with the terms of Section 4.4). Upon any such application of all or part of the Cash Deposit by Landlord, Tenant shall, within five (5) days of written demand therefor, deliver to Landlord cash in the amount of the Cash Deposit so applied.
Amount of Security. The amount of Security will be calculated by the Operator not less than [ninety (90)] days prior to the Relevant Date and each anniversary thereof in accordance with the formula:- A = B - [50%]C Where A = the Security to be provided; B = the estimate of Decommissioning Costs at the date the calculation is made; C = the value of Net Cash Flow predicted for the remaining life of the X Field at the date the calculation is made, and where "Net Cash Flow" means the future revenues derived from the sale of gas together with any firm tariff income, from the X Field net of:-
Amount of Security. As a statement of general principle the amount of any security required must be calculated by reference to the value of the Service likely to be provided to the Access Seeker under this Agreement over a reasonable period, being not less than 3 months.
Amount of Security. The amount of the security required shall be set forth in Exhibit E. The District may change the amount of the security during the term of this Agreement provided that the District give Licensee at least six (6) months written notice of any increase in the amount of security requirements. The amount of the security shall not operate as a limitation upon the obligations or liability of Licensee hereunder.
Amount of Security. Landlord acknowledges receipt from Tenant of five thousand two hundred and no/100 dollars ($5,200.00) (“Security Deposit”) to be held by Landlord as collateral security, and not prepaid rent, for the full, faithful and timely performance by Tenant of all covenants, conditions and obligations in this Lease. Landlord may hold the Security Deposit in a separate deposit account, or may commingle the Security Deposit with Landlord’s other funds, but shall have no obligation to pay or account for any interest. The amount of the Security Deposit, less any amounts withheld or deducted, shall be repaid without interest to Tenant within sixty (60) calendar days after expiration or termination of this Lease, provided that no uncured Event of Default has occurred hereunder and provided that Xxxxxx returns the Premises in the reasonably good physical condition required by this Lease. Landlord may from time to time draw upon and apply all or part of the Security Deposit as may be necessary to compensate Landlord for any Event of Default hereunder, including without limitation, any damage to the Premises. If the Security Deposit is applied for such purposes during the Term, then Tenant, promptly upon Landlord’s demand, shall pay to Landlord the amount required to restore the Security Deposit to its original amount. The Security Deposit shall not be deemed to be liquidated damages or a cap on damages related to any Event of Default.
