Required Security Clause Samples

Required Security. (a) At the time Developer executes this Agreement, Developer shall furnish to City the following bonds, letters of credit, instruments of credit (assignment of deposit account) or other security acceptable to City in its sole and absolute discretion and satisfying the requirements of the applicable provisions of this Section 4 below (hereinafter “Security Instruments”): (i) A Security Instrument securing Developer’s faithful performance of all of the Works of Improvement (“Faithful Performance Security Instrument”), in the amount of $35,300.00 equal to 100% of the estimated construction cost referenced in Section 1.1. (ii) A Security Instrument guaranteeing the payment to contractors, subcontractors, and other persons furnishing labor, materials, and/or equipment (“Labor and Materials Security Instrument”) with respect to the Works of Improvement in an amount equal to $17,600.00 equal to 50% of the estimated construction cost referenced in Section 1.1. This Agreement shall not be effective for any purpose until such Security Instruments are supplied to and approved by City in accordance herewith.

Required Security. As security for the Loan the Borrower will timely execute, and deliver, or cause to be executed and delivered, to the Lender a share pledge agreement in the form attached hereto as Schedule B, pursuant to which the Borrower will pledge to the Lender 100% of the issued and outstanding shares in the capital of Falls Mountain Coal Inc. (the "Security").

Required Security. 7.1 The following events may require the presence of a certified security guard or uniformed police officer: 1) Any event at which 100 or more people are in attendance. 2) Any event with an attendance of 50 or more people at which alcohol is being served. 3) Any event attended primarily by minors (under 21 years of age) and whose numbers exceed 50 in anticipated attendance. 4) Any event deemed necessary by the Director to assure the security of the User, Director, or both. 7.2 Officers when required, are to be present during the event, should remain at least 30 minutes following the close of the event and MAY be required to remain until the User, and their guests vacate the premises. 7.3 Parties that are required to have a security guard or uniformed police officer will do so at the sole expense of the User. 7.4 Any event attended primarily by minors (under 21 years of age) is required to have (2) parental chaperones for each 50 guests.

Required Security. (a) At the time Subdivider executes this Agreement, Subdivider shall furnish to City the following bonds, letters of credit, instruments of credit (assignment of deposit account) or other security acceptable to City in its sole and absolute discretion and satisfying the requirements of the applicable provisions of this Section 4 below (hereinafter “Security Instruments”): (i) A Security Instrument securing Subdivider’s faithful performance of all of the Works of Improvement (“Faithful Performance Security Instrument”), in the amount of $ equal to 100% of the (ii) A Security Instrument guaranteeing the payment to contractors, subcontractors, and other persons furnishing labor, materials, and/or equipment (“Labor and Materials Security Instrument”) with respect to the Works of Improvement in an amount equal to $ equal to 100% of the estimated construction cost referenced in Section 1.1. (iii) A Security Instrument guaranteeing the payment of the cost of setting monuments as required in Section 1.4 in the amount of $ equal to 100% of the cost thereof. This Agreement shall not be effective for any purpose until such Security Instruments are supplied to and approved by City in accordance herewith.

Required Security. At the time Developer executes the Third Amendment, Developer shall furnish to City the following bonds, letters of credit, instruments of credit (assignment of deposit account) or other security acceptable to City in its sole and absolute discretion and satisfying the requirements of the applicable provisions of this Section 4.10 below (hereinafter “Security Instrument”): (i) A Security Instrument securing Developer’s faithful performance of all of the Works of Improvement (“Faithful Performance Security Instrument”), in the amount of $3,000,000 equal to 100% of the estimated Project Site restoration costs. This Agreement shall not be effective for any purpose until such Security Instruments are supplied to and approved by City in accordance herewith.

Required Security. The School shall maintain the highest degree of security over information furnished by PennDOT and take all necessary steps to prevent the disclosure or use of such information in any form or manner not expressly permitted by this agreement. Security arrangements are subject to PennDOT’s inspection or audit.

Required Security. The Obligations shall be secured by first priority perfected Liens on such Proved Mineral Interests owned by Borrower as Administrative Agent shall require but which shall, in all events, include Proved Mineral Interests with a Recognized Value representing not less than eighty five percent (85%) of the Recognized Value of all Proved Mineral Interests evaluated by Banks for purposes of determining the Borrowing Base; provided, that, from and after the occurrence of a Borrowing Base Deficiency, a Default or an Event of Default, the Obligations shall be secured by first priority perfected Liens on one hundred percent (100%) of all Mineral Interests owned by Borrower.

Required Security. Prior to execution of this Agreement, Developer shall provide the following security to City in a form acceptable to City:

Required Security. The Obligations shall be secured by (a) first priority perfected Liens on one hundred percent (100%) of the issued and outstanding capital stock of every class of Borrower, and (b) first priority perfected Liens on such Proved Mineral Interests owned by Borrower as Administrative Agent shall require but which shall, in all events, include Proved Mineral Interests with a Recognized Value representing not less than eighty five percent (85%) of the Recognized Value of all Proved Mineral Interests evaluated by Banks for purposes of determining the Borrowing Base; provided, that, from and after the occurrence of a Borrowing Base Deficiency, a Default or an Event of Default, the Obligations shall be secured by first priority perfected Liens on one hundred percent (100%) of all Mineral Interests owned by Borrower.