Alternative Forms of Security Sample Clauses

Alternative Forms of Security. A. In lieu of a bid, payment, or performance bond, a bidder may furnish a certified check or cash escrow in the face amount required for the bond.
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
Alternative Forms of Security. Any Performance Bond required under the Contract Documents may be provided in the form of a certified check, cashier’s check, or cash escrow in the face amount required for the bond and conditioned as required for a surety bond. Any Performance Bond required under the Contract Documents may be in the form of a personal bond, property bond, or bank or savings institution’s letter of credit on certain designated funds in the face amount required for the bond, but only if approved by the Arlington Public Schools Attorney. Approval shall be granted only upon a determination that the alternative form of security proffered affords protection to the Arlington Public Schools equivalent to a corporate surety’s bond.
Sample 1Sample 2Sample 3See All (7)
Alternative Forms of Security. Any bid bond, payment bond or performance bond required under the Contract Documents may be provided in the form of a certified check, cashier’s check, or cash escrow in the face amount required for the bond and conditioned as required for a surety bond. Any bid bond, payment bond or performance bond required under the Contract Documents may be in the form of a personal bond, property bond, or bank or savings institution’s letter of credit on certain designated funds in the face amount required for the bond, but only if approved by the Arlington Public Schools Attorney. Approval shall be granted only upon a determination that the alternative form of security proffered affords protection to the Arlington Public Schools equivalent to a corporate surety’s bond.
Sample 1Sample 2Sample 3See All (7)
Alternative Forms of Security. A. In lieu of a bid, payment, or performance bond, a bidder may furnish a certified check or cash escrow in the face amount required for the bond. B. If approved by the Institution's general counsel or his equivalent, a bidder may furnish to the Institution a personal bond, property bond, or bank or savings institution's letter of credit on certain designated funds in the face amount required for the bid, payment, or performance bond. Approval shall be granted only upon a determination that the alternative form of security proffered affords protection to the Institution equivalent to a corporate surety's bond.
Sample 1
Alternative Forms of Security. The Construction Contractor may satisfy its obligations under Part 2, Section 9.3.1.a, in a manner that provides security at least equivalent (including with respect to the amount thereof) to the security required to be provided pursuant to Part 2, Section 9.3.2.b, by delivering to the Developer for its Acceptance, and for delivery to the Enterprises for their Acceptance:
Sample 1
Alternative Forms of Security. The O&M Contractor may satisfy its obligations under Part 2, Section 9.3.1.a, in a manner that provides security at least equivalent (including with respect to the amount thereof) to the security required to be provided pursuant to Part 2, Section 9.3.2.b, by delivering to the Developer for its Acceptance, and for delivery to the Enterprises for their Acceptance:
Sample 1

Related to Alternative Forms of Security

  • Alternative Forms of Notice Any notice or request required or permitted to be given by a Party to the other Parties and not required by this Agreement to be given in writing may be so given by telephone, facsimile or email to the telephone numbers and email addresses set out in Appendix F hereto.

  • Principles of Security 2.1 The Contractor acknowledges that the Authority places great emphasis on confidentiality, integrity and availability of information and consequently on the security of the Premises and the security for the Contractor System. The Contractor also acknowledges the confidentiality of the Authority's Data.

  • Warranty of Security Unless otherwise agreed in writing, the Contractor and its subcontractors will not perform any of the services from outside of the United States, and the Contractor will not allow any State of Florida data to be sent by any medium, transmitted, or accessed outside of the United States. The Contractor agrees that a violation of items listed above will result in immediate and irreparable harm to the Customer and will entitle the Customer to a credit as provided in the Contract documents. This credit is intended only to cover the Customer’s internal staffing and administrative costs as well as the diminished value of services provided under the Contract and will not preclude the Customer from recovering other damages it may suffer as a result of such violation. For purposes of determining the damages due hereunder, a group of violations relating to a common set of operative facts (e.g., same location, same time period, same off-shore entity) will be treated as a single event. A violation of this provision will also entitle the Customer to recover any damages arising from a breach of this section and constitutes an event of default. The Contractor must notify the Department and the Customer as soon as possible, in accordance with the requirements of section 501.171, F.S., if applicable, and in all events within one (1) business day in the event Contractor discovers any data is breached, any unauthorized access of data occurs (even by persons or companies with authorized access for other purposes), any unauthorized transmission of data occurs, or of any credible allegation or suspicion of a material violation of the above. This notification is required regardless of the number of persons or type of data affected. The notification must be clear and conspicuous and include a description of the following:

  • SUBSTITUTION OF SECURITIES Upon request and at the sole cost and expense of Contractor, District shall permit substitution of securities in lieu of retention, in accordance with Public Contract Code Section 22300.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!