Drawing on Security Sample Clauses

Drawing on Security. The Trustee shall be entitled to draw down and utilize the Security provided from time to time in order to satisfy the obligations of the Participating Owners pursuant to this Agreement, in accordance with this Agreement. In the event of any default by the Trustee/Participating Owners under this Agreement with respect to the payment of any Actual Costs related to the EA Process, the City shall be entitled to demand that the Trustee draw down and release sufficient funds from the Security so as to rectify the Participating Owners’ default as aforesaid, and the Trustee is irrevocably and unconditionally authorized and directed by the Participating Owners to do so.
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Related to Drawing on Security

  • UNION SECURITY (Dues Deduction (The following clause will appear in all collective agreements replacing any provision related to dues deduction that existed in the Hospital's expiring collective agreement:)

  • Application Security The ISP will require that in-house application development be governed by a documented secure software development life cycle methodology, which will include deployment rules for new applications and changes to existing applications in live production environments.

  • UNION SECURITY 7.01 The Employer shall deduct monthly from the pay due to each employee who is covered by this Agreement a sum equal to the monthly Union dues of each such employee. Where an employee has no earnings during the first payroll period, the deduction shall be made in the next payroll period where the employee has earnings, within that month. The Union shall notify the employer in writing of the amount of such dues from time to time. The Employer will send to the Union its cheque for the dues so deducted in the month following the month in which the dues are deducted. When arrears or adjustments are submitted retroactively, the dues month and an explanation will accompany any such dues.

  • UNION SECURITY AND DUES DEDUCTION Section 3.1. The Union shall fairly represent all employees covered under this Agreement. Therefore, as a condition of employment, employees who are covered under this Agreement shall, within (Thirty) 30 days of employment or within (thirty) 30 days of the effective date of this Agreement (whichever is later), be afforded the opportunity to execute a union membership and payroll dues deduction form and their dues shall be deducted from their payroll checks. The card authorization shall be furnished by the FOP/OLCI

  • Interest on security deposits Where you have paid a security deposit, we must pay you interest on the security deposit at a rate and on terms required by the Rules.

  • UNION SECURITY AND DUES CHECK-OFF 4:01 The Employer agrees to deduct the amount of monthly dues as determined by the Union from the salaries of each and every employee covered by this Agreement. The Employer also agrees to deduct from each and every employee covered by this Agreement the amount of any general assessment levied by the Union, with the proviso that such an assessment shall be limited to one (1) per calendar year, and that such assessment formula can be operated through the Employer‟s present payroll system.

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