Other Security, if required Sample Clauses

Other Security, if required. The Supplier shall file with the Town upon execution of this Agreement security in the form of a cash deposit by bank draft or certified cheque; in the amount prescribed by the procurement process (if any) and in a form acceptable to the Town to guarantee the performance of the Services in accordance with the requirements of the Contract. In the event that the Supplier fails to provide the Services required by this Contract as and when required by the Town, including if it fails or neglects to proceed with reasonable speed or, in the event that the Services are not being provided according to any applicable specifications and requirements of the Town set out in the Contract, in addition to any other remedy the Town may have, upon the Town Representative giving seventy two 72 hours written notice by prepaid registered mail to the Supplier, the Town may, without further notice, proceed to supply all materials and to do all necessary works in connection with the Services, including the repair or reconstruction of faulty work and the replacement of materials not in accordance with the specifications, at the Supplier’s expense and draw upon the security delivered to the Town by the Supplier for the costs to the Town of performing the necessary work, including and engineering fees and administrative costs of the Town.
Sample 1
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Related to Other Security, if required

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Delivery of New Warrants Upon Exercise If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

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