Financial Assurances definition

Financial Assurances means the financial assurances provided by the Shipper and accepted by the Carrier in accordance with Rule 19.

Financial Assurances means the financial assurances provided by Shipper and accepted by Carrier in accordance with Rule 21.

Financial Assurances means monetary funds, securities, or other instruments provided by the operator to ensure that surface mining operations are reclaimed according to the approved reclamation plan, should the operator abandon the mine site.

Examples of Financial Assurances in a sentence

• If Administrator is in default and cannot or does not cure that default within 90 days of Participant having received notice of that default by certified mail from the Administrator, Participant may, as Participant sole and exclusive right and remedy, terminate this Contract, and demand and receive access to all Financial Assurances associated with this Contract.

• Funds from the Long-Term Management Account may be used as Financial Assurances on a statewide basis.

• Funds from the Contingency Account may be used as Financial Assurances on a statewide basis.

• The ISO shall not create, incur, assume or suffer to exist any lien, pledge, security interest or other change or encumbrance, or any other type of preferential arrangement (including a banker’s right of set off) against any Invoiced Amounts, any accounts receivables representing Invoiced Amounts, the settlement account maintained by the ISO into which payments on Invoiced Amounts are made and from which remittances are made to the PTOs or any Financial Assurances.

• In either case, such disbursements shall be made by the Trustee within ten (10) days after the receipt by the Trustee of the request from the Escrow Agent unless the drawdown would reduce the Financial Assurances below the level required by Section 4.7.3.

More Definitions of Financial Assurances

Financial Assurances means the Financial Assurances provided by the Shippers and accepted by the Carrier in accordance with Item 125.

Financial Assurances means a current approved financial assurance cost estimate and a financial assurance mechanism that is at least equal to the current approved financial assurance cost estimate. (Added by Stats. 2016, Ch. 7, Sec. 4. Effective January 1, 2017.)

Financial Assurances as herein used means the Financial Assurances provided by Shippers and accepted by Carrier in accordance with Item No. 72 herein.

Financial Assurances means one or more of the forms of security set forth in Section 6.2.3(c).

Financial Assurances has the meaning set forth in Section 4.18(a).

Financial Assurances means: (a) a prepayment (which will be held by Carrier without interest accruing thereon) in an amount and in a form satisfactory to Carrier; (b) a standby irrevocable letter of credit in favor of Carrier in an amount and in a form satisfactory to Carrier and issued by a financial institution acceptable to Carrier; or (c) a guaranty in an amount and in a form satisfactory to Carrier and provided by a guarantor acceptable to Carrier; or (d) other enforceable collateral security or credit support, in form and substance acceptable to Carrier.

Financial Assurances shall have the meaning ascribed thereto in Section 3.10(b) of this Agreement.