Cash Security. If monies, while assigned to a cashier, are handled by any other person in the absence of the cashier, the cashier will not be considered responsible for any cash discrepancy. Any discrepancy will be noted and brought to the cashiers attention at the earliest opportunity.
Cash Security. 22.3.1 If Bluewater Energy has provided cash security under clause 22.1.1(b)(iii) or clause 22.2, Bluewater Energy and the Lessor agree that they shall, without obligation, discuss in good faith for a period not exceeding thirty days the possibility of substituting an alternative form of Additional Security for such cash security.
22.3.2 It is acknowledged that the Initial L/C Bank has insisted upon having the right, in certain contractually specified circumstances (which are only expected to arise exceptionally), to make payment under the Initial Letter of Credit prior to any demand being made thereunder by the Lessor. In order to assist PPC in reorganising the security arrangements in these circumstances, the Lessor hereby agrees that during the Primary Period only and for so long as no Termination Event has occurred which is continuing, the moneys payable under the Initial Letter of Credit (or under any Supplemental Letter of Credit or Replacement Letter of Credit if such circumstances may arise thereunder) in such exceptional circumstances (the "Enforced Payment") shall be paid to the Contingency Account which shall earn interest at LIBID from the date of such deposit until the next Adjustment Date and thereafter from Adjustment Date to Adjustment Date and which shall, subject to clause 22.3.3, constitute acceptable Additional Security for a period (the "Holding Period") ending on the first Adjustment Date falling at least twenty (20) Business Days after the date upon which the Enforced Payment is credited to the Contingency Account.
22.3.3 If an Enforced Payment is made into the Contingency Account at any time, PPC shall on an Adjustment Date during the Holding Period, provide to the Lessor either a Letter of Credit or Additional Security (other than cash) which has, in either case, a Value for the Adjustment Date at least equal to the Termination Requirement for that Adjustment Date. The Lessor agrees that it will release moneys standing to the credit of the Contingency Account (provided that no Termination Event has occurred which is continuing and less any Broken Funding Costs) against the provision of such Additional Security acceptable to the Lessor and shall give such instructions as shall be required in order to permit such release.
Cash Security. 4 5. Revaluation................................................. 4 6. Effectiveness Of Indemnity.................................. 5
Cash Security. If the Owners provide the Security in the form of cash (the “Cash Security”), the City shall hold the Cash Security in an interest bearing account, with interest accruing at the City of Edmonton Short Term Investment Weighted Average Rate less one and one half percent (1.5%). If the City of Edmonton Short Term Investment Weighted Average Rate less one and one half percent (1.5%) is a negative sum for any period of time, then no interest will accrue on the Cash Security for that period.
Cash Security. Any cash proceeds resulting from a draw upon or replenishment of either Letter of Credit shall be treated as cash security for Tenant’s obligations under this Lease. If Tenant fails to pay Monthly Base Rent, Additional Charges for Expenses and Taxes, or other Rent or charges due hereunder, or otherwise Defaults with respect to any provision of this Lease, Landlord may use all or any portion of the such cash security for the payment of any Rent due hereunder, to pay any other sum to which Landlord may become obligated by reason of Tenant’s Default, or to compensate Landlord for any loss or damages which Landlord may suffer as a result of such Default (including, without limitation, amounts which Landlord may be entitled to recover pursuant to Section 1951.2 of the California Civil Code). Landlord may in its sole discretion (but shall not be required to) use the cash security or any portion thereof to cure any failure by Tenant to perform any of its obligations hereunder or to compensate Landlord for any damages Landlord incurs as a result of Tenant’s failure to perform any of its covenants or obligations hereunder, it being understood that any use of the cash security shall not constitute a bar or defense to any of Landlord’s remedies under this Lease or at law. Landlord shall have no obligation to segregate any cash security from its general funds or to pay interest thereon.
Cash Security. 4.1 Subject to Clause 4.2, as security for its obligations under Clause 3 above, the Company undertakes that by no later than 11a.m. on the proposed date of issue of a Bond by the Issuing Bank, it shall deposit, in the Relevant Currency, an amount equal to the Outstanding Liability Amount in respect of such Bond (each such sum, a "DEPOSIT") in the Relevant Account.
4.2 If the Payment Currency of a Bond is not an Approved Currency (a "FOREIGN CURRENCY BOND"), the relevant Deposit shall be an amount sufficient to ensure that the Account Balance (including the amount of such Deposit) of the Dollar Account, after deducting an amount equal to the aggregate of the Outstanding Liability Amount of each Bond issued by the Issuing Bank for which the Payment Currency is US Dollars, equals at least 105 per cent of the Dollar Equivalent (as at the proposed Issue Date of the Relevant Bond) of the aggregate of the Outstanding Liability Amount of each Foreign Currency Bond issued by the Issuing Bank (including the Bond to be issued on the proposed Issue Date).
4.3 The Company may at any time request that any currency be treated as an Approved Currency. If the Issuing Bank agrees (in its sole discretion) to such request, an account in such currency shall be opened with the Issuing Bank (a "NEW CURRENCY ACCOUNT"). Any Deposit in respect of a Bond denominated in such currency shall be paid into the relevant New Currency Account in accordance with Clause 4.1.
4.4 Without prejudice to Clause 5 below, the terms and conditions relating to each Deposit and the Accounts shall be governed by the Security over Cash Agreement.
Cash Security. 31 CERCLA......................................................................................36
Cash Security. C.1 Should Vane be contracted to provide ticketing services on the days of the Events, the Event Owner authorizes Vane to accept on its behalf all cash amounts in respect of Ticket sales effected on the premises during the days of the Events.
C.2 The Event Owner shall, for the purpose of safe-keeping of all such cash amounts, supply at no charge, a large cash safe, into which all such cash amounts shall be deposited on a two-hourly basis.
C.3 The Event Owner shall be solely responsible for the supply of security personnel to guard said safe and all access points to the premises as well as any risk insurance.
C.4 Vane shall after close of each day’s Event sign over to the Event Owner all cash amounts received by Vane during the relevant day and Vane shall thereafter have no further obligation and/or liability in respect of such cash amounts.
C.5 The Event Owner specifically agrees that Vane shall not be requested to hold on to any cash amounts on behalf of the Event Owner, after close of each day’s Event.
C.6 Vane shall at the end of each Event day supply to the Event Owner an interim reconciliation of:
(i) All Tickets received from Customers;
(ii) All cash received in respect of Tickets sales;
(iii) All debit card and credit card amounts received in respect of Ticket sales; and shall hand over all cash, card batch reports and such other supporting documents upon the Event Owner signing the relevant hand-over document.
C.7 With regards to cash Ticket sales on the days of the Events, the Event Owner shall pay to Vane no later than 5 days from date of the Event all commissions and transaction fees due and payable to Vane in respect of such sales.
C.8 The Event Owner shall at all times, for the duration of this agreement, allow Vane unhindered access to all its transaction records in order that Vane may directly track and verify all payments and deliveries made.
Cash Security. As of the Effective Date and thereafter until the Sale Event occurs, Borrower shall provide and maintain at Bank at all times a first priority security interest in cash in a segregated account in an amount equal to the full amount of the outstanding Obligations with respect to the Term Loan.
Cash Security. At the time of signing this Lease, Tenant shall deposit with Landlord the $39,900 Security Deposit to be retained by Landlord as cash security for the faithful performance and observance by Tenant of the provisions of this Lease. Tenant shall not be entitled to any interest whatever on the Security Deposit. Landlord shall have the right to commingle the Security Deposit with its other funds. Landlord may use the whole or any part of the Security Deposit for the payment of any amount as to which Tenant is in default hereunder or to compensate Landlord for any loss or damage it may suffer by reason of Tenant's default under this Lease. If Landlord uses all or any portion of the Security Deposit as herein provided, within five (5) days after written demand therefor, Tenant shall pay Landlord cash in amount equal to that portion of the Security Deposit used by Landlord. If Tenant shall comply fully and faithfully with all of the provisions of this Lease, the Security Deposit shall be returned to Tenant after the Expiration Date and surrender of the Premises to Landlord.
