Security Against Grant Sample Clauses
Security Against Grant. Each bidder is asked to confirm in their Initial Proposal that they understand the requirements for security against any Growth Deal Grant. If Growth Deal ▇▇▇▇▇ requested is greater than £150,000, you are required to provide security to the Council. Please confirm what form of security against the Grant you propose to offer the Council, if required. Examples include a legal charge over land or assets, a charge over bank account, a Performance Bond, money held in escrow or personal guarantees. Please include details of the nature of the security, when the security will be in place, any existing charges or other encumbrances over the security, and who will put in place the security if not you, the Grantee. Please note that the Council will not be able to accept a second legal charge. Further information about the Council’s security requirements, as confirmed at the Initial proposal stage, can be found at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇/business-growth/funding-opportunities/apply-for-growth-deal-funding
Security Against Grant. Each bidder is asked to confirm in their Initial Proposal that they understand the requirements for security against any Growth Deal Grant. Please confirm what form of security against the Grant you propose to offer the Council, if required. Examples include a legal charge over land or assets, a charge over bank account, a Performance Bond, money held in escrow or personal guarantees. Please include details of the nature of the security, when the security will be in place, any existing charges or other encumbrances over the security, and who will put in place the security if not you, the Grantee. Please note that the Council will not be able to accept a second legal charge. Further information about the Council’s security requirements, as confirmed at the Initial proposal stage, can be found at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇/business-growth/funding-opportunities/apply-for-growth-deal-funding