Definition of Security Sample Clauses

Definition of Security i) In this article “seniority” means a teacher’s aggregate length of service in the employment of the Board, inclusive of service under temporary employment, part time teaching and teacher-teaching-on-call that earns the teacher an increment. For the purposes of calculating length of service, part time teaching greater than
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Definition of Security a. In this agreement, the term “seniority” applies to an employee on continuing appointment and to his/her aggregate length of service in the employment of the Board, inclusive of service under temporary appointment and part- time teaching and as an Administrative Officer. Part-time teaching shall be credited for the purposes of seniority as if it were full-time teaching. In addition to the foregoing, the seniority for an employee under a continuing contract shall include: i. Teacher-Teaching-on-Call seniority accumulated pursuant to PCA Article C.2.3; and ii. Seniority ported in accordance with PCA Article C.2.2 provided that in no case shall an employee be credited with more than one (1) year of seniority for any school year. b. When the seniority of two or more employees is equal pursuant to Article C.2.8.a above, the employee with the greatest continuous present employment with the Board shall be deemed to have the greatest seniority. c. When the seniority of two or more employees is equal pursuant to Article C.2.8.b above, the employee with the greatest aggregate length of service with another school authority recognized for salary experience purposes in this agreement shall be deemed to have the greatest seniority. d. When the seniority of two or more employees is equal pursuant to Article C.2.8.c above, the employee who shall be deemed to have the greatest seniority shall be the one with the earliest appointment to the teaching staff of the district, that date to be determined by the date appearing on the letter of appointment. e. For the purposes of this clause, leaves of absence in excess of one month shall not count toward aggregate length of service with the Board, except: i. maternity leave ii. parental leave in accordance with G.25.3.b. (Maternity Leave) or G.27 (Parental Leave) iii. educational leave
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Definition of Security. For purposes of this section, the term ‘‘secu- rity’’ means any share of stock in any corpora- tion, certificate of stock or interest in any cor- poration, note, bond, debenture, or evidence of indebtedness, or any evidence of an interest in or right to subscribe to or purchase any of the foregoing.
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Definition of Security. In this article means a teacher's aggregate length of service in the employment of the Board, inclusive service under temporary employment, part teaching substitute teaching that earns the teacher an increment. the purposes of calculating length of service, part teaching greater than full time equivalence ) shall be credited as a full year of service and part time teaching at or less shall be credited as a half year of service. When the seniority of two or more continuing contract teachers equal pursuant to paragraph the teacher with the greatest unbroken length of service with the Board counting back from the seniority calculation date shall be deemed to have the greatest seniority. Teachers who resign subsequent to the date of signing this Agreement pursuant to or teachers who are terminated due to E. Reduction Force, and recalled pursuant to will be considered, for the purpose of this sub-section, as having unbroken length of service throughout the period but will not accumulate length of service during such period. When the seniority of two or more continuing contract teachers equal pursuant to paragraph the teacher with the greatest number of verified days of substitute teaching with the Board prior to appointment shall be deemed to have the greatest seniority, When the seniority of two or more contract teachers is equal pursuant to paragraph the teacher with the greatest verified aggregate length of contract service (pro rated) with another school authority recognized for salary experience purposes in this agreement shall be deemed to have the greatest seniority. When the seniority of two or more contract teachers is equal pursuant to paragraph the teacher with the earliest application for successful employment with the Board shall be deemed to have the greatest seniority. For the purposes of this Article, leaves of absence excess of one complete calendar month shall not count toward aggregate length of service with the Board, except:
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Definition of Security. The term "
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Definition of Security. We denote by k the security parameter. An event is said to be negligible if it happens with probability less than the inverse of any polynomial in k. If G is a finite set, x ←R process of selecting x uniformly and at random in G (thus we implicitly assume that G can be sampled efficiently).
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Definition of Security. The drafting note indicates that HA reserves the right to take security from Recipients. This appears to apply regardless of the type of Funding. It is stated that the general intention is that security taken by HA will be subordinated to senior debt, subordinated debt and equity. Given this general intention and that security in favour of HA will frequently necessitate intercreditor arrangements with External Financiers (which often involve significant negotiations) and, if the Department of Communities and Justice (DCJ) has an interest in the Site, with DCJ, we query the need for security in favour of HA in relation to any Funding and, in particular, in relation to Availability Payments where HA is not providing any upfront Funding.
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Definition of Security. As stated in the introduction, a central thesis to this paper is that the goal of an AKC protocol is essentially identical to the goal of an authenticated key transport protocol [7, 14]. The intent of an AKC protocol is therefore to assure two specified entities that they are involved in a real-time communication with each other. Further, the protocol must provide the two entities with a key distributed uniformly at random from {0, 1}k. No adversary should be able to learn any information about the agreed key held by an uncorrupted entity i, provided the entity j that i believes it is communicating with is also uncorrupted. Matching Conversations. To formalize the notion that two oracles are involved in a real-time commu- nication, the concept of matching conversation is defined. For simplicity we focus on the case where R, the number of flows in the protocol, is odd. The case where R is even is analogous. The idea of matching conversations was first formulated in [13], refined in [18], and later formalized in [7]. i,j Fix an execution of an adversary E. For any oracle Πs its conversation can be captured by a sequence: C = C s i,j = (τ1, α1, β1), (τ2, α2, β2), . . . , (τm, αm, βm) . i,j This sequence encodes that at time τ1 oracle Πs was asked α1 and responded with β1; and then at some later time τ2 > τ1, the oracle was asked α2 and answered β2; and so forth, until finally, at time τm it was i,j asked αm and answered βm. Adversary E terminates without asking oracle Πs any more queries. i,j If oracle Πs has α1 = λ, it is called an initiator oracle; otherwise it is called a responder oracle. Definition 2 [7]. Fix a number of flows R = 2ρ − 1 and an R-flow protocol P . Run P in the presence of an adversary E and consider two oracles Πs , an initiator oracle, and Πt , a responder oracle, that engage in conversations C and C′ respectively. i,j j,i 1. C′ is said to be a matching conversation to C if there exist τ0 < τ1 < · · · < τR−1 and α1, β1, . . . , βρ−1, αρ such that C is prefixed by: and C′ is prefixed by: (τ0, λ, α1), (τ2, β1, α2), . . . , (τ2ρ−2, βρ−1, αρ) (τ1, α1, β1), (τ3, α2, β2), . . . , (τ2ρ−3, αρ−1, βρ−1) . 2. C is said to be a matching conversation to C′ if there exist τ0 < τ1 < · · · < τR and α1, β1, . . . , βρ−1, αρ such that C′ is prefixed by: (τ1, α1, β1), (τ3, α2, β2), . . . , (τ2ρ−3, αρ−1, βρ−1), (τ2ρ−1, αρ, ∗) and C is prefixed by: (τ0, λ, α1), (τ2, β1, α2), . . . , (τ2ρ−2, βρ−1, αρ) . i,j If C is a matching conversation to C′ and C′ is a m...
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Related to Definition of Security

  • Creation of Security (a) Notwithstanding the foregoing, for the purpose of financing the Facility, the Company may assign to, or grant a security interest in favor of, the Lenders in its rights and interests under or pursuant to: (i) this Agreement, (ii) any agreement or document included in the Security Package, (iii) the Facility, (iv) the movable, immovable and intellectual property of the Company, and (vi) the revenues or any of the rights or assets of the Company. The Company shall not create any security over its rights and interests under this Agreement without the prior written consent of the GOB except as already provided above. (b) The Lenders shall have no obligation to the GOB under this Agreement until such time as the Lenders or their designees succeed to the Company’s interest under this Agreement, whether by exercise of their rights or remedies under the Financing Documents or otherwise, in which case the Lenders or their designees shall give written notice of such succession (a “Succession Notice”) to the GOB and assume liability for all of the Company’s obligations under this Agreement, including without limitation payment of any amounts due and owing to the GOB for payment defaults by the Company under this Agreement (other than, so long as the liability insurance required by Section 6.5 has been and is in effect), damages or penalties incurred by the Company under Section 6.2(b), arising during the period prior to the Lenders’ or such designees’ succession to the Company’s interest in and under this Agreement, provided that any liability of the Lenders or their designees shall be strictly limited to the Lenders’ interest in the Facility. Except as otherwise set forth in the immediately preceding sentence, none of the Lenders or their designees shall be liable for the performance or observance of any of the obligations or duties of the Company under this Agreement, nor shall the assignment by the Company of this Agreement to the Lenders give rise to any duties or obligations whatsoever on the part of any of the Lenders owing to the GOB. Upon notification by the Lenders or the Agent to the GOB of the occurrence and continuance of an event of default under the Financing Documents and the succession of the Lenders to the Company’s interests in and under this Agreement, the Lenders shall have the right, among others, to: (i) take possession of the Facility and, prior to the Commercial Operations Date, complete construction of the Facility and operate the same and, after the Commercial Operations Date, operate the same; and (ii) cure any continuing Company Event of Default under this Agreement as provided in Section 13.5. Notwithstanding the foregoing, upon the delivery of a Succession Notice, the Lenders shall have no obligation to cure any Company Event of Default occurring before the delivery of such Succession Notice that is not capable of being cured and no right will exist for the GOB to terminate this Agreement based upon such Company Events of Default occurring prior to the delivery of the Lenders’ Succession Notice. Without the requirement of obtaining any further consent from the GOB, upon the exercise by the Lenders or their designees of any of the remedies set forth in the Financing Documents, the Lenders may assign their rights and interests and the rights of the Company under this Agreement to a Transferee acceptable to the GOB so long as such Transferee shall assume all of the obligations of the Company under this Agreement. Upon such assignment and assumption, the Lenders shall be relieved of all obligations under this Agreement arising after such assignment and assumptions. (c) As used herein, a “Transferee” shall be a person who (i) is a company organized under the Laws of Bangladesh, (ii) either is an experienced and qualified power plant operator or who shall have agreed to engage the services of a person who is an experienced and qualified power plant operator, (iii) shall have paid all amounts, if any, then due and payable to the GOB under this Agreement, and (iv) shall have expressly assumed in writing for the benefit of the GOB the ongoing obligations of the Company under this Agreement (including the obligation of the Company to maintain and operate the Facility in accordance with the requirements of this Agreement). (d) At the request of the Company, delivered to the GOB not less than 30 (thirty) Days in advance, the GOB shall execute and deliver at the Financial Closing, all such acknowledgements to the Lenders or their designees of any security created in accordance with this Section 9 as are reasonably requested by the Company and the Lenders to give effect to the foregoing.

  • Confirmation of Security Borrower hereby confirms and agrees that all of the Security Instruments, as may be amended in accordance herewith, which presently secure the Indebtedness shall continue to secure, in the same manner and to the same extent provided therein, the payment and performance of the Indebtedness as described in the Credit Agreement as modified by this Amendment.

  • 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.

  • Provision of Security At least thirty (30) Calendar Days prior to the commencement of the procurement, installation, or construction of a discrete portion of a Connecting Transmission Owner’s Attachment Facilities, Developer shall provide Connecting Transmission Owner, at Developer’s option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to Connecting Transmission Owner and is consistent with the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1 of this Agreement. Such security for payment shall be in an amount sufficient to cover the cost for the Developer’s share of constructing, procuring and installing the applicable portion of Connecting Transmission Owner’s Attachment Facilities, and shall be reduced on a dollar-for-dollar basis for payments made to Connecting Transmission Owner for these purposes. In addition: 11.5.1 The guarantee must be made by an entity that meets the commercially reasonable creditworthiness requirements of Connecting Transmission Owner, and contains terms and conditions that guarantee payment of any amount that may be due from Developer, up to an agreed-to maximum amount. 11.5.2 The letter of credit must be issued by a financial institution reasonably acceptable to Connecting Transmission Owner and must specify a reasonable expiration date. 11.5.3 The surety bond must be issued by an insurer reasonably acceptable to Connecting Transmission Owner and must specify a reasonable expiration date. 11.5.4 Attachment S to the NYISO OATT shall govern the Security that Developer provides for System Upgrade Facilities and System Deliverability Upgrades.

  • Return of Security Provided that no Default or Event of Default has occurred and is continuing, the balance of the Security (if any) shall be returned to Lessee within ***** after full and final performance by Lessee of all of its obligations under all of the Lessee’s Documents.

  • Preservation of Security 6.1. It is hereby agreed and declared that: 6.1.1. the security created by this Charge shall be held by the Chargee as a continuing security for the payment and discharge of the Secured Obligations and the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations; 6.1.2. the security created by this Charge is in addition to and independent of and shall not prejudice or merge with any other security (or any right of set-off) which the Chargee may hold at any time for the Secured Obligations or any of them; 6.1.3. the Chargee shall not be bound to seek to recover any amounts due from the Chargor or any other person, exercise any rights against the Chargor or any other person or enforce any other security before enforcing the security created by this Charge; 6.1.4. no delay or omission on the part of the Chargee in exercising any right, power or remedy under this Charge shall impair such right, power or remedy or be construed as a waiver thereof nor shall any single or partial exercise of any such right, power or remedy preclude any further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies herein provided are cumulative and not exclusive of any rights, powers and remedies provided by law and may be exercised from time to time and as often as the Chargee may deem expedient; and 6.1.5. any waiver by the Chargee of any terms of this Charge shall only be effective if given in writing and then only against the Chargee and for the purpose and upon the terms for which it is given. 6.2. Where any discharge is made in whole or in part or any arrangement is made on the faith of any payment, security or other disposition which is avoided or must be repaid on bankruptcy, liquidation, by virtue of Section 1001 of the Taxes Consolidation Act 1997 or otherwise without limitation, this Charge shall continue in force as if there had been no such discharge or arrangement. The Chargee shall be entitled to concede or compromise in good faith any claim that any such payment, security or other disposition is liable to avoidance or repayment. 6.3. Until the Secured Obligations have been unconditionally and irrevocably satisfied and discharged in full to the satisfaction of the Chargee or as otherwise provided in the Credit Agreement or the Security Agreement, the Chargee may at any time keep in a separate account or accounts (without liability to pay interest thereon) in the name of the Chargee for as long as the Chargee may think fit, any moneys received recovered or realised under this Charge or under any other guarantee, security or agreement relating in whole or in part to the Secured Obligations without being under any intermediate obligation to apply the same or any part thereof in or towards the discharge of such amount.

  • Perfection of Security Each Obligor shall have duly authorized, executed, acknowledged, delivered, filed, registered and recorded such security agreements, notices, financing statements, memoranda of intellectual property security interests and other instruments as the Agent may have reasonably requested in order to perfect the Liens purported or required pursuant to the Credit Documents to be created in the Credit Security and shall have paid all filing or recording fees or taxes required to be paid in connection therewith, including any recording, mortgage, documentary, transfer or intangible taxes.

  • Form of Security Any Security issued hereunder shall be in substantially the following form: No. _____________ $ ____________ Capital Trust, Inc., a corporation organized and existing under the laws of Maryland (hereinafter called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to _____________________, or registered assigns, the principal sum of __________ Dollars ($_______) [if the Security is a Global Security, then insert— or such other principal amount represented hereby as may be set forth in the records of the Securities Registrar hereinafter referred to in accordance with the Indenture] on April 30, 2036. The Company further promises to pay interest on said principal sum from March 16, 2009 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly in arrears on January 30, April 30, July 30 and October 30 of each year, commencing April 30, 2009, or if any such day is not a Business Day, on the next succeeding Business Day (and no interest shall accrue in respect of the amounts whose payment is so delayed for the period from and after such Interest Payment Date until such next succeeding Business Day), except that, if such Business Day falls in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case, with the same force and effect as if made on the Interest Payment Date, at a fixed rate equal to the applicable Fixed Rate through the Interest Payment Date occurring in April, 2016 (the “Fixed Rate Period”) and thereafter at a variable rate equal to LIBOR plus 2.44% per annum until the principal hereof is paid or duly provided for or made available for payment; provided, further, that any overdue principal, premium, if any, and any overdue installment of interest shall bear Additional Interest at a fixed rate equal to the applicable Fixed Rate then in effect through the Interest Payment Date occurring in April, 2016 and thereafter at a variable rate equal to LIBOR plus 2.44% per annum (to the extent that the payment of such interest shall be legally enforceable), compounded quarterly, from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. During the Fixed Rate Period, the amount of interest payable shall be computed on the basis of a 360-day year of twelve 30-day months and the amount payable for any partial period shall be computed on the basis of the number of days elapsed in a 360 day year of twelve 30 day months. Upon expiration of the Fixed Rate Period, the amount of interest payable for any Interest Period will be computed on the basis of a 360 day year and the actual number of days elapsed in the relevant Interest Period. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest installment. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of principal of, premium, if any, and interest on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal, premium, if any, and interest due at the Maturity of this Security shall be made at the Place of Payment upon surrender of such Securities to the Paying Agent, and payments of interest shall be made, subject to such surrender where applicable, by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Paying Agent at least ten (10) Business Days prior to the date for payment by the Person entitled thereto unless proper written transfer instructions have not been received by the relevant record date, in which case such payments shall be made by check mailed to the address of such Person as such address shall appear in the Security Register. The indebtedness evidenced by this Security is, to the extent provided in the Indenture, subordinate and junior in right of payment to the prior payment in full of all Senior Debt, and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the Trustee on his or her behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee his or her attorney-in-fact for any and all such purposes. Each Holder hereof, by his or her acceptance hereof, waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Debt, whether now outstanding or hereafter incurred, and waives reliance by each such holder upon said provisions. Unless the certificate of authentication hereon has been executed by the Trustee by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

  • Acceleration of Securities If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Indebtedness of the acceleration.

  • Principle of Security The Board and the Association agree that increased length of service in the employment of the Board entitles all employees covered by this Agreement to commensurate increase in security of teaching employment, provided that they possess the qualifications necessary for the positions available.

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