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. (a) If we ask you to provide security, the amount will be no more than:
(i) 1.5 times the average bill if you are on a quarterly billing cycle; or
(ii) 2.5 times the average bill if you are on a monthly billing cycle.
(b) To work out the average bill we can either use your billing history or the consumption of similar customers or business types.
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. 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. At the time the Proponent signs this Agreement, the Proponent must provide the Security to the Council having a face value amount of $[#].
b. From the date of execution of this Agreement until the date that the Proponent has provided the Development Contribution, the Council is entitled to retain the Security.
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.
(b) Within fifteen (15) days of the Date of this Lease, Tenant shall deliver to Landlord an irrevocable standby letter of credit (the “Original Letter of Credit”) which shall be (i) in the form of Exhibit E attached to this Lease (the “Form LC”), (ii) issued by a commercial bank reasonably satisfactory to Landlord upon which presentment may be made in Boston, Massachusetts, (iii) in the amount equal to the Letter of Credit Amount, and (iv) for a term of at least 1 year, subject to the provisions of Section 4.4.2 below. Within five (5) days of Tenant’s delivery of the Original Letter of Credit to Landlord, Landlord shall return the Cash Deposit (or so much of the same as remains following any withdrawal against the same pursuant to the terms above) to Tenant. The Original Letter of Credit, any Additional Letters(s) of Credit and Substitute Letter(s) of Credit are referred to herein as the “Letter of Credit.” Time is of the essence with regard to the delivery of the Original Letter of Credit.
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 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:-
(1) Royalty (if any);
(2) PRT or any other field based tax, (excluding Corporation Tax);
(3) field or tariffing expenditure, (capex and opex but excluding Decommissioning expenditure); all calculated using flat escalation assumptions, that is ignoring the effects of any future general inflation, but making allowance for any specific foreseeable changes. In accordance with Clause 9, each party shall be liable to meet its Percentage Interest shares of A (together with any additional Security required arising from the default of any Party or Parties).
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.
