Financial Security. 5.4.1. To provide financial security the Company is entitled to request from the Client a confirmation of the verification of personal data submitted at the registration of a trading account. For this purpose the Company may at any moment ask the Client to submit a copy of a passport or other equivalent document, certified by a notary (at Company’s discretion).
5.4.2. The Company is entitled to prohibit to deposit or withdraw funds to the third parties.
5.4.3. In case of indication or suspicion of any form of Client's fraudulent activity or violation of conditions of Customer Agreement, the Company in its sole discretion will be entitled to suspend all transactions of deposits or withdrawals.
Financial Security. 5.4.1. To provide financial security the Company is entitled to request from the Client a confirmation of the verification of personal data submitted at the registration of a trading account. For this purpose the Company may at any moment ask the Client to submit a copy of a passport or other equivalent document, certified by a notary (at Company’s discretion).
5.4.2. The Company is entitled to prohibit the deposit or withdraw funds to the third parties.
Financial Security. In compliance with the requirements of state law, Xxxxxx agrees that it will secure the performance of the rental portion of this Lease by procuring and maintaining, during the term of this Lease, a corporate surety bond, a cash deposit, or by providing other financial security satisfactory to Lessor (herein referred to as the “Bond”), in an amount not less than two months (16.67%) of the sum of annual Rent, plus state leasehold excise tax. The Bond shall be in a form and issued by a surety company acceptable to Lessor and shall comply with the requirements of Washington law. Lessee shall obtain such Bond and forward evidence thereof to Lessor within fourteen (14) days of execution of this Lease, but in no event later than the Commencement Date of this Lease. Failure to comply with this requirement shall be grounds for termination of this Lease without notice by Xxxxxx. Such Bond shall be kept always in effect during the term of this Lease; failure to comply with this requirement shall render Lessee in default. The Bond shall be increased annually to reflect any adjustments in annual Rent. Upon any default by Lessee in its obligations under this Lease, Lessor may collect on the Bond to offset the liability of Lessee to Lessor. Collection on the Bond shall not relieve Lessee of liability, shall not limit any of Lessor’s other remedies, and shall not reinstate or cure the default or prevent termination of the Lease because of the default.
Financial Security. (a) As a condition of our acceptance of your order, or if we have reason to be concerned about your ability to pay at any time and based on the outcome of a credit assessment conducted in relation to you, we may ask you to provide a security in the form of a cash deposit to be held by us, or a bank guarantee in a form acceptable to us, or to increase any security previously provided.
(b) If you fail to provide adequate security within 5 working days of our request, we may, without liability, suspend the Service to you in accordance with the SFOA until we receive adequate security.
(c) We may access the security at any time to pay outstanding Charges you owe us but only after giving you at least 5 working days’ notice that we intend to access the security if you fail to pay the Charges within that period.
(d) We will refund you the security deposit less any amounts owing, without interest, within 10 working days of the sooner of you satisfactorily completing the terms of the security arrangements, or cancellation of the Service.
Financial Security. (a) On the Commencement Date of this Lease, Tenant is not required to procure and maintain a corporate security bond or other financial security (“Security”). During the Term of this Lease, State may require Tenant to procure and maintain Security upon any of the events listed in Paragraph 10.4(c)(1). Tenant’s failure to maintain the Security in the required amount during the Term constitutes a breach of this Lease.
(b) All Security must be in a form acceptable to State.
(1) Bonds must be issued by companies admitted to do business within the State of Washington and have a rating of A-, Class VII or better, in the most recently published edition of A.M. Best’s Insurance Reports, unless State approves an exception in writing. Tenant may submit a request to the Risk Manager for the Department of Natural Resources for an exception to this requirement.
(2) Letters of credit, if approved by State, must be irrevocable, allow State to draw funds at will, provide for automatic renewal, and comply with RCW 62A.5-101, et. seq.
(3) Savings account assignments, if approved by State, must allow State to draw funds at will.
(c) Adjustment in Amount of Security.
(1) State may require an adjustment in the Security amount:
(i) At the same time as revaluation of the Annual Rent,
(ii) As a condition of approval of assignment or sublease of this Lease,
(iii) Upon a material change in the condition or disposition of any Improvements, or
(iv) Upon a change in the Permitted Use.
(2) Tenant shall deliver a new or modified form of Security to State within thirty (30) days after State has required adjustment of the amount of the Security.
(d) Upon any default by Tenant in its obligations under this Lease, State may collect on the Security to offset the liability of Tenant to State. Collection on the Security does not (1) relieve Tenant of liability, (2) limit any of State’s other remedies, (3) reinstate the Lease or cure the default or (4) prevent termination of the Lease because of the default.
Financial Security. If requested by the Buyer, within five (5) Business Days of the Confirmation Effective Date, as security for Seller’s obligations under this Agreement, Seller shall provide Buyer (i) with a written payment guarantee in a form and amount acceptable to Buyer properly executed by a guarantor acceptable to Buyer, or (ii) an irrevocable letter of credit issued by an issuer and a form and amount in each case acceptable to Buyer. Such security instruments shall be maintained throughout the Term of this Agreement and shall be supplemented or replaced from time to time to secure all of the Seller’s obligations relating to Transactions then in effect.
Financial Security. For an Entity applying to become a Participant or any continuing Participant that the Management Committee reasonably determines may fail to meet its financial obligations under the Agreement, the Management Committee may require reasonable credit review procedures which shall be made in accordance with standard commercial practices. In addition, the Management Committee may prescribe for such Entity or Participant a requirement that the Entity or Participant provide and maintain in effect an irrevocable letter of credit as security to meet its responsibilities and obligations under the Agreement, or an alternative form of security proposed by the Entity or Participant and acceptable to the Management Committee and consistent with commercial practices established by the Uniform Commercial Code that protects the Participants against the risk of non-payment.
Financial Security. Financial Security is a cash deposit or letter of credit in an amount and form determined by and acceptable to PJMSettlement, provided by a Participant to PJMSettlement as security in order to participate in the PJM Markets or take Transmission Service.
Financial Security. 8.4.1 As a condition of our acceptance of your order, or if we have reason to be concerned about your ability to pay at any time and based on the outcome of a credit assessment conducted in relation to you, we may ask you to provide a security in the form of a cash deposit to be held by us, or a bank guarantee in a form acceptable to us, or to increase any security previously provided.
8.4.2 If you fail to provide adequate security within 5 working days of our request, we may, without liability, suspend the Service to you in accordance with the Agreement until we receive adequate security.
8.4.3 We may access the security at any time to pay outstanding Charges you owe us but only after giving you at least 5 working days’ notice that we intend to access the security if you fail to pay the Charges within that period.
8.4.4 We will refund you the security deposit less any amounts owing, without interest, within 10 working days of the sooner of you satisfactorily completing the terms of the security arrangements, or cancellation of the Service.
Financial Security. The method of determining financial security, permitted forms of financial security and conditions for using financial security are laid down in Part 7 of the Business Terms.
