Initial Security. The Obligations of the Borrower shall be secured by:
(a) the Security Agreement;
(b) the Pledge Agreement;
(c) the Assignment and Security Agreement; and
(d) the security interest in the Collateral Account herein granted in favor of the Administrative Agent for the ratable benefit of the Lenders, and the other Liens provided in this Agreement and the other Security Documents.
Initial Security. Bidco shall procure that each member of the Group identified in Parts B1 and B2 of Schedule 2 (The Borrowers and the Guarantors) accedes as an Acceding Borrower and/or as an Acceding Guarantor and enters into the Initial Security Documents (as appropriate) on or contemporaneously with the Completion Date.
Initial Security. Initial security for Interconnection Customer’s obligations with respect to Transmission Provider’s Interconnection Facilities (including transmission line outage costs) and Network Upgrades must be provided by Interconnection Customer to Transmission Provider at least thirty (30) days prior to commencement of the construction of facilities in accordance with Articles 5.5.3, 5.6.4, and 11.5 of this Agreement. Based upon the estimated Construction and Payment Schedule set forth on page 4 of this Appendix B, the Interconnection Customer shall provide the Transmission Provider the initial security for Interconnection Customer’s obligations with respect to the Transmission Provider’s Interconnection Facilities and Network Upgrades in the amount of $1,696,000 no later than February 15, 2016. The provision of such security is consistent with Article 11.5 of the Agreement. Should a prior- queued request be withdrawn, terminated, suspended, or delayed, the Transmission Provider will notify Interconnection Customer of any additional security requirements, based on the prior-queued Construction and Payment Schedule set forth on page 4 of this Appendix B. If Interconnection Customer does not promptly pay its obligations with respect to the Transmission Provider’s Interconnection Facilities and/or Network Upgrades, Transmission Provider may exercise its rights and remedies with respect to the security therefor. The Transmission Provider’s Interconnection Facilities cost, the Network Upgrade costs, and/or the Construction and Payment Schedule may be subject to change if the Interconnection Customer does not meet the written notice to proceed deadline or the security deadlines set forth above. Furthermore, if the Agreement is suspended by the Interconnection Customer for any reason (e.g., Article 5.16), then additional Interconnection Studies and/or an amendment to the Agreement may be required.
Initial Security. The Borrower shall provide the Lender with the following documents (each in form and substance satisfactory to the Lender) before the Second Drop-Dead Date and the Liens constituted thereby shall secure the due payment and performance of the Loan Obligations:
Initial Security. No later than the giving of the Notice to Proceed for the Land Acquisition and Construction Phase, the Turnkey Contractor shall provide Security in an amount equal to the Required Security (the “Initial Security Delivery Date”).
Initial Security. 4.1 Provision of Initial Security
(a) LTES Operator must provide the Initial Security to SFV within 20 Business Days after the Signing Date or as otherwise agreed between the parties.
(b) If LTES Operator does not provide the Initial Security where required under paragraph (a), then SFV may terminate this agreement by written notice to LTES Operator with immediate effect.
Initial Security. 63 10.2 Additional Security from Restricted Group Members.................................64 10.3 Registration......................................................................65 10.4
Initial Security. To secure the due payment and performance of the Secured Obligations, the Borrower shall deliver to the Agent, or cause the delivery to the Agent of, each of the agreements, documents and instruments (each in form and substance satisfactory to the Agent) listed in Schedule 10.1 to be executed by each Restricted Group Member listed in Schedule 10.1 before the Borrower requests its first Drawdown hereunder, save and except for (a) the mortgage over the Capital Stock in Placard Pty. Ltd. to be granted by Metaca Corporation listed as item #43 in Schedule 10.1 and (b) the Deed of Charge to be granted by Placard Pty. Ltd. listed as item 47 in Schedule 10.1 and the Account Bank Deed listed as item #49 in Schedule 10.1.
Initial Security. The Obligations of the Borrower shall be secured by the Domestic Pledge Agreement, the Domestic Stock Pledge Agreement, the Irish Pledge Agreement and the Italian Guaranty, and the Euro Obligations shall be secured by the Euro Pledge Agreement and the Euro Stock Pledge Agreement.
Initial Security. Each Co-Owner acknowledges and agrees that it has concurrently with the execution of this Agreement, executed and delivered to the other Co-Owner its respective Security Documents to secure payment and performance of its Obligations.
