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 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. 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. 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.
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.
Cash Security. The terms of Section 13.3 of the Second Amendment, allowing Landlord to substitute a cash security deposit in lieu of the LC shall remain in effect, and may be exercised by Tenant at any time, provided Tenant is not then in default of the Lease, after expiration of any applicable notice and cure periods.
Cash Security. 31 CERCLA......................................................................................36
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.
