Initial Security. The Obligations of the Borrower shall be secured by:
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 Should a prior- queued request be withdrawn, terminated, suspended, or delayed, the Transmission Provider will notify Interconnection Customer of any additional security requirements, based on the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. 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. The Borrower shall provide the Lender with the following documents (each in form and substance satisfactory to the Lender) before the Drop-Dead Date and the Liens constituted thereby shall secure the due payment and performance of the Loan Obligations:
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. 2.3.1 The Initial Security shall consist of either (i) cash in an Escrow Account, denominated in US$, Euros or CZK, or (ii) a Bank Guarantee.
Initial Security. 47 4.2. Further Assurances..................................................................................47
Initial Security. 63 10.2 Additional Security from Restricted Group Members.................................64 10.3 Registration......................................................................65 10.4
Initial Security. As of the Effective Date Dynegy has furnished to Producer a surety bond or bonds issued by a surety company or companies * acceptable to Producer in the amount of [REDACTED]. Subsequent to the Effective Date, Dynegy shall maintain, or cause to be maintained, such surety bond(s) until all Committed Gas delivered under this Agreement between the Effective Date and April 1, 2002 has been paid for in accordance with Section 7.2. 27 "Confidential Treatment Requested"
Initial Security. Deposit: Five Thousand Four Hundred Seventy-Five Dollars and Twenty Cents ($5,465.20). (Section 10.1)
