Provision of Financial Security Sample Clauses

Provision of Financial Security. (a) If, after having conducted a review of the credit worthiness of the Access Seeker, the Multiplex Licensee determines that the Access Seeker does not meet its reasonable security requirements, the Multiplex Licensee may request by way of notice that the Access Seeker provides a Financial Security or an amended Financial Security in a form and of an amount which is reasonable in all the circumstances. (b) The Financial Security may only be requested under clause 14.2(a) when it is reasonably necessary to protect the legitimate business interests of the Multiplex Licensee. (c) As a statement of general principle the amount of any Financial Security shall be calculated by reference to the aggregate value of all services likely to be provided to the Access Seeker under this Agreement over a reasonable period or the value of amounts invoiced under this Agreement but unpaid (excluding any amounts in respect of which there is a current Billing Dispute). (d) The Access Seeker must provide at its own cost and expense to the Multiplex Licensee the Financial Security requested within 21 days following the date of any notice received pursuant to clause 14.2(a) and must maintain that Financial Security for the duration of this Agreement or until the Multiplex Licensee requires it to amend that Financial Security pursuant to clause 14.2(a). (e) Where a Financial Security has been provided by the Access Seeker in accordance with clause 14.2(d), the Access Seeker may from time to time request the Multiplex Licensee to consent (in writing) to a decrease in the required Financial Security and/or alter the form of the Financial Security. (f) The Multiplex Licensee must, within 14 Business Days of the Access Seeker’s request, comply with that request if, and to the extent, it is reasonable to do so (having regard to the factors in clause 14.2(b)). (g) The Access Seeker must not require the Multiplex Licensee to use any Financial Security it has provided to the Multiplex Licensee towards payment of the Standard Charges. For the avoidance of doubt, the provision of a Financial Security does not relieve the Access Seeker from its obligations to pay the Standard Charges to the Multiplex Licensee as they become due and payable, nor does it constitute a waiver of the Multiplex Licensee’s right to suspend, disconnect or terminate the supply of the Multiplex Transmission Service in accordance with the terms of this Agreement.
Sample 1Sample 2Sample 3See All (6)
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Provision of Financial Security. The Access Seeker must provide the Financial Security requested by the Multiplex Licensee within 21 Business Days of the date of receipt of such a request.
Sample 1Sample 2Sample 3See All (6)
Provision of Financial Security. ‌ (a) On or before each Security Provision Date for a Security Period, the Generator must give Powerlink one or more bank guarantees so that Powerlink holds financial security:‌ (i) (security amount) for the Security Amount applicable to the Security Period and taking effect on and from the applicable Security Start Date; (ii) (secure performance) to secure on demand, without reference to the Generator, the performance of the Generator’s obligations to pay any amounts to Powerlink under or in connection with this agreement and the Works Coordination Agreement; and (iii) (compliance) that at all times complies with clause 17.3 (“Requirements for Financial Security”) and all other provisions of this clause 17 ("Financial Security"), (“Financial Security”). (b) The Generator is taken to have complied with its obligations under clause 17.2(a) (“Provision of Financial Security”), to the extent that, at the relevant Security Provision Date, Powerlink already holds Financial Security that complies with this clause 17 ("Financial Security") for the Security Amount applicable to the whole of the relevant Security Period, including where, in compliance with clause 17 ("Financial Security"), the Generator has provided to Powerlink a Bank Guarantee that secures the Security Amount for the relevant Security Period as well as Security Amounts for other Security Periods.
Sample 1See All (4)
Provision of Financial Security. (a) If, after having conducted a review of the credit worthiness of the Access Seeker, the Multiplex Licensee determines that the Access Seeker does not meet its reasonable security requirements, the Multiplex Licensee may request by way of notice that the Access Seeker provides a Financial Security or an amended Financial Security in a form and of an amount that meets the reasonable financial security requirements of the Multiplex Licensee. (b) The Access Seeker must provide at its own cost and expense to the Multiplex Licensee the Financial Security requested within 14 days following the date of any notice received pursuant to clause 14.2(a) and must maintain that Financial Security for the duration of this Agreement or until the Multiplex Licensee requires it to amend that Financial Security pursuant to clause 14.2(a). (c) The Access Seeker must not require the Multiplex Licensee to use any Financial Security it has provided to the Multiplex Licensee towards payment of the Standard Charges. For the avoidance of doubt, the provision of a Financial Security does not relieve the Access Seeker from its obligations to pay the Standard Charges to the Multiplex Licensee as they become due and payable, nor does it constitute a waiver of the Multiplex Licensee’s right to suspend, disconnect or terminate the supply of the Multiplex Transmission Service in accordance with the terms of this Agreement.
Sample 1Sample 2
Provision of Financial Security. ‌ (a) On or before each Security Provision Date for a Security Period, the Owner must give Powerlink one or more bank guarantees so that Powerlink holds financial security:‌ (i) for the Security Amount applicable to the Security Period and taking effect on and from the applicable Security Start Date; (ii) to secure on demand, without reference to the Owner, the performance of the Owner’s obligations to pay any amounts to Powerlink under or in connection with this agreement and the Works Coordination Agreement; and (iii) that at all times complies with clause 10.3 and all other provisions of this clause 10, (Financial Security). (b) The Owner is taken to have complied with its obligations under clause 10.2(a), to the extent that, at the relevant Security Provision Date, Powerlink already holds Financial Security that complies with this clause 10 for the Security Amount applicable to the whole of the relevant Security Period, including where, in compliance with this clause 10, the Owner has provided to Powerlink a Financial Security that secures the Security Amount for the relevant Security Period as well as Security Amounts for other Security Periods.
Sample 1
Provision of Financial Security. If, after having conducted a review of the creditworthiness of the Access Seeker, the Multiplex Licensee determines that the Access Seeker does not meet its reasonable security requirements, the Multiplex Licensee may request by way of notice that the Access Seeker provides a Financial Security or an amended Financial Security in a form and of an amount which is reasonable in all the circumstances.
Sample 1
Provision of Financial Security. (a) Initial Estimate of Financial Security to be Posted: The amount available to be drawn under any credit support for the Transmission Owners’ Interconnection Facilities and JPP Network Upgrades required to interconnect the Generating Facility shall be: (b) Posting: The Interconnection Customer shall provide financial security for the Transmission Owners’ Interconnection Facilities and JPP Network Upgrades no later than the milestone date specified in Appendix B-1 in accordance with Article 11.5 of this Agreement. With respect to the financial security for the APS and IID shares, Interconnection Customer shall post with APS, on behalf of APS and IID, the amount for both the APS and IID shares provided pursuant to Article 11.5 of this Agreement in the form of one security instrument.
Sample 1
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Related to Provision of Financial Security

  • Provision of Financial Information Whether or not the Company is subject to Section 13 or 15(d) of the Exchange Act, the Company shall, to the extent permitted under the Exchange Act, file with the Commission the annual reports, quarterly reports and other documents which the Company would have been required to file with the Commission pursuant to such Section 13 or 15(d) if the Company were so subject, such documents to be filed with the Commission on or prior to the respective dates (the “Required Filing Dates”) by which the Company would have been required so to file such documents if the Company were so subject. The Company shall also in any event (x) within 15 days of each Required Filing Date (i) if the Company is not then subject to Section 13 or 15(d) of the Exchange Act, transmit by mail to all Holders, as their names and addresses appear in the Security Register, without cost to such Holders, copies of the annual reports and quarterly reports which the Company would have been required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act if the Company were subject to such Sections, and (ii) file with the Trustee copies of annual reports, quarterly reports and other documents which the Company would have been required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act if the Company were subject to such Sections and (y) if filing such documents by the Company with the Commission is not permitted under the Exchange Act, promptly upon written request and payment of the reasonable cost of duplication and delivery, supply copies of such documents to any prospective Holder. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates).

  • PROVISION OF FINANCIAL ASSISTANCE As authorized by Section II of this Agreement for the sole and express purpose of financing the Project defined and described in Appendix A of this Agreement, the estimated costs of which are set forth and described in Appendix D of this Agreement, the OPWC hereby agrees to provide financial assistance, subject to the terms and conditions contained in this Agreement, from the State Capital Improvements Fund which constitutes the proceeds of the Infrastructure Bonds, in an amount not to exceed One Hundred Ninety-Nine Thousand, One Hundred Seventy-Nine Dollars ($199,179). This financial assistance shall be provided in the form of a Grant. The OPWC Grant Control No. is CJ23U.

  • PROVISION OF FINANCIAL ASSISTANCE GRANT As authorized by Section II of this Agreement for the sole and express purpose of financing the Project defined and described in Appendix A of this Agreement, the estimated costs of which are set forth and described in Appendix D of this Agreement, the OPWC hereby agrees to provide financial assistance, subject to the terms and conditions contained in this Agreement, from the State Capital Improvements Fund which constitutes the proceeds of the Infrastructure Bonds, in an amount not to exceed Seven Hundred Forty-One Thousand, Three Hundred Seventy-Four Dollars ($741,374). This financial assistance shall be provided in the form of a Grant. The OPWC Grant Control No. is CK17V.

  • Provision of Financial Statements (a) Whether or not Parent is subject to Section 13(a) or 15(d) of the Exchange Act, Parent shall, to the extent permitted under the Exchange Act, file with the Commission the annual reports, quarterly reports and other documents which Parent would have been required to file with the Commission pursuant to such Sections 13(a) or 15(d) if Parent were so subject, such documents to be filed with the Commission on or prior to the respective dates by which Parent would have been required so to file such documents if Parent were so subject (the “Required Filing Dates”); provided, however, that if Parent is not permitted by the Commission to file such reports with the Commission, Parent shall post the annual reports, quarterly reports and other documents that it would have been required to file with the Commission pursuant to Section 13(a) or 15(d) if it were so subject on its website accessible to each Holder of Securities by the applicable Required Filing Date. Parent shall also in any event (x) within 15 days of each Required Filing Date (i) transmit by mail to all Holders, as their names and addresses appear in the Security Register, without cost to such Holders and (ii) file with the Trustee copies of the annual reports, quarterly reports and other documents which Parent would have been required to file with the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act if Parent were subject to such Sections and (y) if Parent’s filing such documents with the Commission is not permitted under the Exchange Act, promptly upon written request and payment of the reasonable cost of duplication and delivery, supply copies of such documents to any prospective Holder at the Company’s cost. Notwithstanding the foregoing, Parent shall be deemed to have furnished such reports referred to above to the Holders if it has filed such reports with the Commission via the Commission’s Electronic Data Gathering, Analysis, and Retrieval Filing System (XXXXX) and such reports are publicly available. So long as any of the Securities remain outstanding, the Company shall make available to any prospective purchaser of Securities or beneficial owner of Securities in connection with any sale of Securities the information required by Rule 144A(d)(4) under the Securities Act so long as such Securities are not freely transferable under the Securities Act. (b) If at any time the financial statements of Parent do not include the consolidated balance sheets, consolidated statements of operations and consolidated statements of cash flows of the Company and the Guarantors presented in accordance with Rule 3-10 of Regulation S-X under the Securities Act, then the Company shall furnish to each Holder of Securities (including by posting on a website accessible to each holder of Securities) (a) within 120 days after the end of each fiscal year of the Company, the audited consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows of the Company and its Subsidiaries (excluding Unrestricted Subsidiaries) as of the end of and for such year, setting forth in comparative form the figures for the previous fiscal year, all reported on by PricewaterhouseCoopers LLP or other independent public accountants of recognized national standing and (b) within 60 days after the end of each of the first three quarters of each fiscal year of the Company, the unaudited consolidated balance sheet and related statements of operations, stockholder’s equity and cash flows of the Company and its Subsidiaries (excluding Unrestricted Subsidiaries) as of the end of and for such fiscal quarter and then elapsed portion of such fiscal year, setting forth in comparative form the figures for the corresponding period or periods of the previous fiscal year, all certified by a Financial Officer of the Company or Parent.

  • Provision of Funding 3.1 In each Funding Year, Ontario Health shall advise the HSP of the amount of its Estimated Provincial Subsidy. The amount of the Estimated Provincial Subsidy shall be calculated on both a monthly basis and an annual basis and will be allocated among the Envelopes and other funding streams applicable to the HSP, including the CFS. nd 3.2 The Estimated Provincial Subsidy shall be provided to the HSP on a monthly basis in accordance with the monthly calculation described in 3.1 and otherwise in accordance with this Agreement. Payments will be made to the HSP on or about the twenty-second

  • Provision of Financial Statements and Reports (i) The Guarantor will provide to the Trustee, in English or accompanied by a certified English translation thereof, (A) within 90 calendar days after the end of each fiscal quarter (other than the fourth quarter), its unaudited and consolidated balance sheet and statement of income calculated in accordance with Reporting GAAP and (B) within 120 calendar days after the end of each fiscal year, its audited and consolidated balance sheet and statement of income calculated in accordance with Reporting GAAP. For purposes of this Section 7(g), as long as the financial statements or reports are publicly available and accessible electronically by the Trustee, the filing or electronic publication of such financial statements or reports shall comply with the Guarantor’s obligation to deliver such statements and reports to the Trustee hereunder. The Guarantor shall provide the Trustee with prompt written notification at such time that the Guarantor ceases to be a reporting company. The Trustee shall have no obligation to determine if and when the Guarantor’s financial statements or reports are publicly available and accessible electronically. (ii) The Guarantor will provide, together with each of the financial statements delivered pursuant to Sections 7(g)(i)(A) and (B), an Officer’s Certificate stating that a review of the activities of the Guarantor and the Issuer has been made during the period covered by such financial statements with a view to determining whether the Guarantor and the Issuer have kept, observed, performed and fulfilled their covenants and agreements under this Guaranty and that no Default or Event of Default has occurred during such period or, if one or more have actually occurred, specifying all such events and what actions have been taken and will be taken with respect to such Default or Event of Default. (iii) The Guarantor shall, whether or not it is required to file reports with the SEC, file with the SEC and deliver to the Trustee (for redelivery to all Noteholders) all reports and other information as it would be required to file with the SEC under the Exchange Act if it were subject to those regulations; provided, however, that if the SEC does not permit the filing described in the first sentence of this Section 7(h)(iii), the Guarantor will provide annual and interim reports and other information to the Trustee within the same time periods that would be applicable if the Guarantor were required and permitted to file these reports with the SEC. (iv) Delivery of the above reports to the Trustee is for informational purposes only and the Trustee's receipt of such reports shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Guarantor's compliance with any of its covenants in the Indenture (as to which the Trustee is entitled to rely exclusively on an Officer's Certificate).

  • Provision of Funds (a) GMAC agrees to contribute and deposit in the Certificate Account on behalf of Residential Funding (or otherwise provide to Residential Funding, or to cause to be made available to Residential Funding), either directly or through a subsidiary, in any case prior to the related Distribution Date, such moneys as may be required by Residential Funding to perform its Subordinate Certificate Loss Obligation when and as the same arises from time to time upon the demand of the Trustee in accordance with Section 13.01 of the Servicing Agreement. (b) The agreement set forth in the preceding clause (a) shall be absolute, irrevocable and unconditional and shall not be affected by the transfer by GMAC or any other person of all or any part of its or their interest in Residential Funding, by any insolvency, bankruptcy, dissolution or other proceeding affecting Residential Funding or any other person, by any defense or right of counterclaim, set-off or recoupment that GMAC may have against Residential Funding or any other person or by any other fact or circumstance. Notwithstanding the foregoing, GMAC's obligations under clause (a) shall terminate upon the earlier of (x) substitution for this Limited Guaranty pursuant to Section 13.01(f) of the Servicing Agreement, or (y) the termination of the Trust Fund pursuant to the Servicing Agreement.

  • Certain Benefits Executive will be eligible to participate in all employee benefit programs established by Employer that are applicable to management personnel such as medical, pension, disability and life insurance plans on a basis commensurate with Executive’s position and in accordance with Employer’s policies from time to time, but nothing herein shall require the adoption or maintenance of any such plan.

  • Disbursement of Financial Assistance Unless a different disbursement method is specified in that line of Exhibit C, “Financial Assistance Award,” OHA will disburse the Part A awards for MHS 28 Services provided under a particular line of the Financial Assistance Award containing an “A” in column “Part ABC” to County in substantially equal monthly allotments during the period specified in that line of the Financial Assistance Award, subject to the following: i. OHA may, after 30 days (unless parties agree otherwise) written notice to County, reduce the monthly allotments based on under- used allotments identified through MOTS and other reports in accordance with the “Reporting Requirements” and “Special Reporting Requirements” sections above or applicable special conditions; ii. OHA may, upon written request of County, adjust monthly allotments; iii. Upon amendment to the Financial Assistance Award, OHA shall adjust monthly allotments as necessary, to reflect changes in the funds awarded for MHS 28 Services provided under that line of the Financial Assistance Award; iv. OHA is not obligated to provide financial assistance for any MHS 28 Services that are not properly reported in accordance with the “Reporting Requirements” and “Special Reporting Requirements” sections above or as required in an applicable Specialized Service Requirement by the date 60 calendar days after the earlier of expiration or termination of this Agreement; termination of OHA’s obligation to provide financial assistance for MHS 28 Services; or termination of County’s obligation to include the Program Area in which MHS 28 Services fall within its CMHP; and v. OHA will reduce the financial assistance awarded for MHS 28 Services delivered under a particular line of Exhibit C, “Financial Assistance Award,” containing an “A” in column “Part ABC,” by the amount received by a Provider of MHS 28 Services as payment of a portion of the cost of the Services from an Individual receiving such Services with funds awarded in that line of the Financial Assistance Award.

  • Covenant to Comply with Applicable Laws Upon Repurchase of Notes In connection with any repurchase offer, the Company will, if required: (a) comply with the provisions of Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act; (b) file a Schedule TO or any other required schedule under the Exchange Act; and (c) otherwise comply with all federal and state securities laws in connection with any offer by the Company to repurchase the Notes; in each case, so as to permit the rights and obligations under this Article 15 to be exercised in the time and in the manner specified in this Article 15.

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