Criteria for provision of Security Cover Sample Clauses

Criteria for provision of Security Cover. 16.2.1 in respect of each Supplier to which paragraph (b) of paragraph 15.1.1 applies, the amount of Security Cover required to be provided by such Supplier in addition to the amounts referred to in paragraph 15.1.2 (so long as applicable) shall be provided by Letter of Credit in an amount to be assessed by the Executive Committee in consultation with the Pool Funds Administrator as the aggregate amounts payable pursuant to the Agreement by the relevant Supplier in respect of purchases of, or as the case may be, prospective purchase of electricity (including Ancillary Services) made by the relevant Supplier over a 28 day period, as determined by the Executive Committee provided that with the approval of the Executive Committee, all or part of the required 833 Security Cover may be provided in cash credited to the Pool Reserve Account; and
Sample 1
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Criteria for provision of Security Cover. If paragraph 1.1.2 applies, the amount of Security Cover required to be provided by the User in respect of this and any other Supplemental Agreement to which the User is a party shall be provided in an amount to be reasonably assessed by NGC as the aggregate amount reasonably anticipated by NGC as being payable by the User pursuant to all Supplemental Agreements to which the User is a party in respect of the Transmission Services Use of System Charges referred to in Part 2 of Appendix D over a 28 day period.
Sample 1
Criteria for provision of Security Cover. 16.2.1 If paragraph (b) of paragraph 15.1.1 applies to a Providing Member or the Grid Operator, the amount of Security Cover required to be provided by such Providing Member or (as the case may be) the Grid Operator in addition to the amounts referred to in paragraph 15.1.2 (so long as applicable) shall be provided by Letter of Credit in an amount to be assessed by the Executive Committee in consultation with the Pool Funds Administrator as the aggregate amounts payable pursuant to this Agreement by the relevant Providing Member or (as the case may be) the Grid Operator in respect of purchases of, or as the case may be, prospective purchases of electricity (including Ancillary Services) made by the relevant Providing Member or in respect of sums payable in accordance with Clause 49 of this Agreement by the Grid Operator over a 28 day period, as determined by the Executive Committee provided that with the approval of the Executive Committee, all or part of the required Security Cover may be provided in cash credited to the Pool Reserve Account.
Sample 1

Related to Criteria for provision of Security Cover

  • Confirmation of Security Borrower hereby confirms and agrees that all of the Collateral Documents that presently secure the Obligations shall continue to secure, in the same manner and to the same extent provided therein, the payment and performance of the Obligations as described in the Original Credit Agreement as modified by this Amendment.

  • Preservation of Security 6.1 It is hereby agreed and declared that:

  • Protection of Security Each Grantor shall, at its own cost and expense, take any and all actions necessary to defend title to the Collateral against all persons and to defend the Security Interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 6.02 of the Credit Agreement.

  • Reservation of Securities The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

  • Creation of Security (a) Any Security is created or subsists over the shares in the Ultimate Parent; or

  • Perfection of Security The Borrower must (at its own cost) take any action and enter into and deliver any document which is required by the Lender so that a Security Document provides for effective and perfected security in favor of any successor of the Lender, including (but not limited to), promptly after the date hereof:

  • Authorization of Securities The Securities to be sold by the Company under this Agreement have been duly authorized for issuance and sale to the Underwriters pursuant to this Agreement and, when issued and delivered by the Company pursuant to this Agreement against payment of the consideration set forth herein, will be validly issued, fully paid and non-assessable; no holder of the Securities is or will be subject to personal liability by reason of being such a holder; and the issuance and sale of the Securities to be sold by the Company under this Agreement are not subject to any preemptive rights, rights of first refusal or other similar rights of any securityholder of the Company or any other person.

  • Evaluation of Securities Compensation for Evaluation; Portfolio Supervision and Bookkeeping and Administrative Services; Succession

  • Segregation of Securities The Bank shall identify on its books as belonging to the Fund the Foreign Portfolio Securities held by each foreign sub-custodian (each an "Eligible Foreign Custodian") selected by the Foreign Custody Manager, subject to receipt by the Bank of the necessary information from such Eligible Foreign Custodian if the Foreign Custody Manager is not the Bank.

  • Duration of Security Interest Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lender’s commitment to fund any Loans, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

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