Cash Security Clause Samples

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. 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. Upon the occurrence of a Default by Tenant in respect of any of the terms, provisions, covenants and conditions of this Lease beyond notice and the expiration of any applicable cure periods (except to the extent that such notice and cure periods are not applicable pursuant to Section 6.02 hereof) and Landlord utilizes all or any part of the security represented by the Letter of Credit but does not terminate this Lease as provided in Article 18 hereof, Landlord may, in addition to exercising its rights as provided in Section 6.02 hereof, retain the unapplied and unused balance of the portion of the Letter of Credit drawn down by Landlord (herein called the “Cash Security”) as security for the faithful performance and observance by Tenant thereafter of the terms, provisions, and conditions of this Lease, and may use, apply, or retain the whole or any part of said Cash Security to the extent required for payment of Base Rent, Additional Rent, or any other sum as to which Tenant is in Default or for any sum which Landlord may expend or be required to expend by reason of Tenant’s Default in respect of any of the terms, covenants, and conditions of this Lease. In the event Landlord uses, applies or retains any portion or all of the proceeds of the Letter of Credit, Tenant shall forthwith within 5 Business Days of demand by Landlord restore the amount so used, applied or retained (at Landlord’s option, either by the deposit with Landlord of cash or the provision of a replacement Letter of Credit) so that at all times the amount of the amount represented by the Letter of Credit and the Cash Security (if any) shall be not less than the amount of collateral, required by Section 6.01 hereof, failing which Tenant shall be in Default of its obligations under this Article 6 and Landlord shall have the same rights and remedies as for the non-payment of Base Rent beyond the applicable grace period.

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. Borrower shall maintain at all times a time certificate of deposit with the Bank in an amount equal to or greater than $356,250 (the "CD Collateral"). Borrower grants and pledges to Bank a continuing security interest in all presently existing and hereafter acquired or arising CD Collateral, including without limitation TCD # _______________, in order to secure prompt repayment of any and all Obligations and in order to secure prompt performance by Borrower of each of its covenants and duties under the Loan Documents. Such security interest constitutes a valid, first priority security interest in the CD Collateral, and will constitute a valid, first priority security interest in CD Collateral acquired after the date hereof. Prior to the maturity of any CD Collateral held by Bank pursuant hereto, Borrower and Bank shall agree upon a security or instrument similar in form, quality and substance to the original CD Collateral in which the proceeds of the CD Collateral can be reinvested on maturity. Upon maturity of the CD Collateral in accordance with its terms, or in the event the CD Collateral otherwise becomes payable during the term of this Agreement, such maturing CD Collateral may be presented for payment, exchange, or otherwise marketed by Bank on behalf of Borrower and the proceeds therefrom used to purchase the security or instrument agreed to by Borrower and Bank in accordance with the immediately preceding sentence. If no agreement has been made, such proceeds shall be placed into an interest bearing account offered by Bank in which Bank has a first priority security interest until such time as an agreement as to the security replacing the original CD Collateral can be reached. Bank may retain any such successor collateral and the proceeds therefrom as CD Collateral in accordance with the terms of this Agreement. Notwithstanding termination of this Agreement, Bank's Lien on the CD Collateral shall remain in effect for so long as any Obligations are outstanding. Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Bank under the Agreement,...

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. Deposit. In the event of a wrongful draw, the parties shall cooperate to allow Tenant to post replacement L/C Security simultaneously with the return to Tenant of the wrongfully drawn sums, and Landlord shall upon request confirm in writing to the issuer of the L/C Security that Landlord’s draw was erroneous.

Cash Security. A. The term "Cash Security" shall mean any cash sums from a draw down of the Instinet Lease Letter of Credit. Such Cash Security shall be held and applied by Lender as herein provided. If Lender or Owner shall be holding such Cash Security, Lender or Owner may use, apply or retain the whole or any part of such Cash Security to the same extent and in the same manner as Lender or Owner would have been permitted to draw upon the whole or any portion of the Instinet Lease Letter of Credit.