Determination of Security Cover Sample Clauses

Determination of Security Cover. The amount of Security Cover which each Providing Member and the Grid Operator shall be required to maintain and, in respect of the amounts of Security Cover to be provided under paragraph 15.1.2 (so long as applicable) and paragraph 15.1.3 the proportions as between cash and Letter of Credit that may be permitted, shall be determined from time to time by the Executive Committee in consultation with the Pool Funds Administrator in accordance with this Section 16 and on the basis of the criteria set out in sub-section 16.2, and shall be notified to such Providing Member or (as the case may be) the Grid Operator, and to the Pool Funds Administrator.
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Determination of Security Cover. The amount of Security Cover which the User shall be required to maintain s hall be determined from time to time by NGC in accordance with this Part 3 on the basis of the criteria set out in paragraph 2.2, and shall be notified to the User.
Sample 1
Determination of Security Cover the amount of Security Cover which each Supplier shall be required to maintain and, in respect of the amounts of Security Cover to be provided under paragraph 15.1.2 (so long as applicable and paragraph 15.1.3 the proportions as between cash and Letter of Credit that may be permitted, shall be determined from time to time by the Executive Committee in consultation with the Pool funds Administrator in accordance with this Section 16 and on the basis of the criteria set out in sub-section 16.2, and shall be notified to such Supplier and to the Pool Funds Administrator.
Sample 1

Related to Determination of Security Cover

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

  • 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.

  • 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.

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

  • Valuation of Securities Securities shall be valued in accordance with (a) the Fund's Registration Statement, as amended or supplemented from time to time (hereinafter referred to as the "Registration Statement"); (b) the resolutions of the Board of Trustees of the Fund at the time in force and applicable, as they may from time to time be delivered to FUND ACCOUNTING, and (c) Proper Instructions from such officers of the Fund or other persons as are from time to time authorized by the Board of Trustees of the Fund to give instructions with respect to computation and determination of the net asset value. FUND ACCOUNTING may use one or more external pricing services, including broker-dealers, provided that an appropriate officer of the Fund shall have approved such use in advance.

  • 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.

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

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

  • 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:

  • SUBORDINATION OF SECURITIES 46 Section 1301 Securities Subordinate to Senior Indebtedness....................... 46 Section 1302 Payment Over of Proceeds Upon Dissolution, etc...................... 46 Section 1303 No Payment When Senior Indebtedness in Default...................... 47 Section 1304 Payment Permitted if No Default..................................... 48 Section 1305 Subrogation to Rights of Holders of Senior Indebtedness............. 48 Section 1306 Provisions Solely to Define Relative Rights......................... 48

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