No Security Required. No Entity serving as a trustee hereunder shall be required to furnish any bond or security of any kind.
No Security Required. Section 7.08
No Security Required. No Trustee or Delaware Trustee hereunder shall be required to furnish any bond or security of any kind.
No Security Required. The Parties recognize that this loan is backed by the full faith and credit of the County of Santa Xxxx, in its capacity as a political subdivision of the State of California, which has pledged the funds necessary to repay the loan amount. Accordingly, this is an unsecured loan.
No Security Required. In light of the uncertainty as to when , when Pipe 77 will desire sewer and water for their use of the Property or when Pipe 77, at its discretion may change the use of the Property to something other than storage, Pipe 77 shall not be obligated to post security for 110% of the estimated cost of such extension, as required by Section 86-52 of the Rochelle Municipal Code. However, in the event that Pipe 77 (or any successor in interest or transferee) should: (i) require water and sewer for their use of the Property or (ii) the City requires it for future redevelopment of the Property or other use of the Property, other than indoor storage in the existing buildings fail to extend the water main and sewer main from Xxxxx 0xx Xxxxxx to the Property promptly after notice by the City that such extension is required for future redevelopment of the Property or use of the Property, the City may extend the water main and sewer main (or all other necessary utilities) to the Property, and shall be entitled to recover a judgment against Pipe 77 (or any successor in interest or transferee) for the City’s costs in doing so, plus prejudgment interest and the City's attorney's fees and court costs. The City Engineer will not be required to acknowledge the certificate required for land improvements on the Final Plat of Subdivision as required by Section 86-154(7). The Final Plat of Subdivision will reflect the Deferment Agreement, which obviates the need for the City Engineer to certify that the public improvements will be completed upon subdivision.
No Security Required. 15 SECTION 3.12
No Security Required. In light of the uncertainty as to when the development of the adjacent properties will require extension of the water main and sewer main along the Frontage of the Property, Haywell shall not be obligated to post security for 100% of the estimated cost of such extension, as required by Section 86-52 of the Rochelle Municipal Code. However, in the event that Haywell (or any successor in interest or transferee) should fail to extend the water main and sewer main across the Frontage of the Property promptly after notice by the City that such extension is required for future development, the City may extend the water main and sewer main across the Frontage of the Property, and shall be entitled to recover a judgment against Haywell (or any successor in interest or transferee) for the City's costs in doing so, plus prejudgment interest and the City's attorney's fees and court costs.
No Security Required. In light of the uncertainty as to when the development of the adjacent properties will require extension of the water main and sewer main along the Frontage of the Property, Xxxxxxx shall not be obligated to post security for 100% of the estimated cost of such extension, as required by Section 86-52 of the Rochelle Municipal Code. However, in the event that Xxxxxxx (or any successor in interest or transferee) should fail to extend the water main and sewer main across the Frontage of the Property promptly after notice by the City that such extension is required for future development, the City may extend the water main and sewer main across the Frontage of the Property, and shall be entitled to recover a judgment against Xxxxxxx (or any successor in interest or transferee) for the City's costs in doing so, plus prejudgment interest and the City's attorney's fees and court costs.
No Security Required. There is no requirement outstanding under the Interconnection Agreement, Host Community Agreements or any other Material Project Document, other than the Power Purchase Agreements, applicable to the Project requiring the payment of, or posting, of any security, bond or deposit or the establishment of any escrow or similar account.
