Distributor may require Additional Security Sample Clauses

This clause grants the distributor the right to request additional security from the other party, typically to safeguard against potential financial risks or defaults. In practice, this may involve the distributor asking for a larger deposit, a letter of credit, or other forms of financial assurance if they believe the existing security is insufficient. The core function of this clause is to protect the distributor’s interests by ensuring they have adequate recourse if the counterparty fails to meet its obligations, thereby reducing the distributor’s exposure to financial loss.
Distributor may require Additional Security. The Distributor may, by notice to the Trader, require the Trader to provide Additional Security. The amount of any Additional Security required must be such that the total value of all security required to be provided by the Trader under this Agreement is not more than the Distributor's reasonable estimate of the charges that the Trader will be required to pay to the Distributor under this Agreement in respect of any 2 month period.
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Related to Distributor may require Additional Security

  • Additional Security This guarantee is in addition to and is not in any way prejudiced by any other guarantee or security now or subsequently held by any Finance Party.

  • Contractor Security Clearance Customers may designate certain duties and/or positions as positions of “special trust” because they involve special trust responsibilities, are located in sensitive locations, or have key capabilities with access to sensitive or confidential information. The designation of a special trust position or duties is at the sole discretion of the Customer. Contractor or Contractor’s employees and Staff who, in the performance of this Contract, will be assigned to work in positions determined by the Customer to be positions of special trust, may be required to submit to background screening and be approved by the Customer to work on this Contract.

  • Compliance with Child, Family and Spousal Support Reporting Obligations Contractor’s failure to comply with state and federal child, family and spousal support reporting requirements regarding contractor’s employees or failure to implement lawfully served wage and earnings assignment orders or notices of assignment relating to child, family and spousal support obligations shall constitute a default under this Contract. Contractor’s failure to cure such default within ninety (90) days of notice by County shall be grounds for termination of this Contract.