Security Requirement. In the event that the Cedent shall, at any time, notify the Reinsurer of its determination that security for reinsurance recoverables hereunder is or may be necessary for the Cedent to obtain any associated regulatory statement credit for reinsurance ceded to this Agreement on account of the Reinsurer being neither admitted or accredited as a reinsurer, the Reinsurer shall establish a trust ("the Trust") in accordance with Section B of this Article or the Reinsurer shall provide a letter of credit (an "LOC") in accordance with Section C of this Article.
Security Requirement. The User’s Obligation shall be secured by any one of the following:-
Security Requirement. We further refer to clause 8.2.1 of the Loan Agreement and hereby certify that, as at [insert date of valuation] and on the date hereof:
Security Requirement. Events serving alcohol will require two security guards. * Quinceanera will require three security guards regardless of serving Alcohol.
Security Requirement. (a) The Bank, to secure the timely payment of Uninsured Deposits made by Depositor, has deposited with Custodian certain Securities as more fully described in the initial confirmation or Trust Receipt of such deposit delivered by Custodian to Bank and Depositor respectively. Pursuant to the Code, the Custodian shall act as a bailee or agent of the Depositor and, to the extent not inconsistent with such duties, shall hold Securities as a securities intermediary (as such term is defined in Chapter 8 of the Code) in accordance with the provisions of this Agreement, the Depository Agreement, and of any agreement entered into with the Custodian further governing the provision of Security by the Bank for Uninsured Deposits.
Security Requirement. In the event that the Ceding Company shall, at any -------------------- time, notify the Reinsurer of its determination that security for reinsurance recoverables hereunder is or may be necessary for the Ceding Company to obtain any associated regulatory statement credit for reinsurance ceded pursuant to this Agreement on account of the Reinsurer ceasing to be either licensed or accredited as a reinsurer in the domiciliary state of the Ceding Company, the Reinsurer shall establish a trust ("the Trust") in accordance with Section B of this Article or the Reinsurer shall provide a letter of credit (an "LOC") in accordance with Section C of this Article.
Security Requirement. Security must be provided to Horizon Utilities Corporation by all Residential Customers who fail to qualify for a security deposit exemption and are billed by Horizon Utilities Corporation. Exceptions:
Security Requirement. Events serving alcohol will require two security guards. Quinceanera will require three security guards. If alcoholic beverages are discovered, it will result in automatic loss of deposit and your event could be shut down. As signer of this Agreement, you are responsible for the actions of your guests. If they bring in alcoholic beverages without prior approval, it will result in automatic loss of deposit and your event could be shut down.
Security Requirement. The intent of this Agreement is for the Cedent to obtain -------------------- credit on its annual statement for the reinsurance provided hereunder. If the Reinsurer is not authorized to do business or becomes unauthorized to do business in the Cedent's state of domicile, the Reinsurer agrees to take whatever steps that may be necessary for the Cedent to obtain statement credit either by obtaining a clean, unconditional, irrevocable and evergreen Letter of Credit, establishing a trust account, or amending this Agreement to provide for reserves to be held by the Cedent.
Security Requirement. In the event Reinsurer is not licensed or otherwise accredited or authorized as a reinsurer in the Company's domiciliary state and in any other jurisdiction where the Company is licensed to do business, the Reinsurer shall, at all times while the reinsurance under this Agreement is in effect, provide security, as described in this Article, for its obligations under this Agreement or as otherwise agreed to in writing by the parties. The type, standards, form, provisions, conditions, terms, dates and financial institutions relating to such security, and the conditions upon which Reinsurer shall provide such security, shall at all times comply with the insurance laws and regulations of the Company's domiciliary state, as may be amended or superceded from time to time, relating to security given in connection with allowing the Company, for statutory insurance accounting purposes, to recognize admitted assets or reserve credits or other credits associated with such reinsurance ceded to an unauthorized or unaccredited reinsurer.
