Security Assurances. Concurrent with execution of this Agreement, Lessee shall obtain and deliver to SRA, unless specifically released in writing by SRA, Security Assurance in a form acceptable under the Minimum Standards for Commercial Aeronautical Activities at Stillwater Regional Airport, renewable for the Term hereof. Said Security Assurance shall serve the purpose of securing payment of all sums payable by Lessee to SRA hereunder and will be forfeited in whole or in part to satisfy a Lessee liability in the event of Lessee’s failure to pay any rates, rentals, fees or charges of whatsoever nature due SRA and conditioned to ensure the faithful and full performance by Lessee of all its covenants, terms, conditions and obligations of this Agreement. The Security Assurance shall be in the amount equal to fifty percent (50%) of the annual rental rates, fees and charges to be paid by Lessee pursuant to Section 3.1 hereof. The form, provisions and nature of the Security Assurance, and the identity of the surety, insurer or other obligor, shall be subject to the approval of SRA. In the event that SRA and Lessee hereafter agree to any amendment or modification of this Agreement, Lessee shall, if required by the terms of the Security Assurance, obtain the consent of the surety, insurer or other obligor hereunder, as the case may be, and shall adjust the amount of the Security Assurance to reflect any increase in the rentals, fees or charges payable by Lessee hereunder. The failure of Lessee to furnish (and keep in full force and effect) the Security Assurance, to renew the same, to adjust the amount thereof, or to obtain the consent of surety, insurer or obligor as heretofore set forth, shall constitute an event of default under this Agreement.
Security Assurances. Grantee represents and warrants that it has established and will maintain safeguards against the loss and unauthorized access, acquisition, destruction, use, modification, or disclosure of Personal Information and shall otherwise maintain the integrity of Personal Information in its possession in accordance with any federal or state law privacy requirements, including PIPA. Such safeguards shall be reasonably designed to (i) ensure the security and confidentiality of the Personal Information, (ii) protect against any anticipated threats or hazards to the security or integrity of Personal Information, and (iii) protect against unauthorized access to or use of Personal Information. Additionally, Grantee will have in place policies, which provide for the secure disposal of documents and information which contain Personal Information, including but not limited to shredding documents and establishing internal controls over the authorized access to such information. 815 ILCS 530/40.
Security Assurances. If Lessee has operated at the Airport for less than twelve (12) consecutive months prior to the Commencement Date or if Xxxxxx has received a written notice from XXXX of an overdue payment on more than one occasion during any rolling twelve (12) month period, then Lessee shall obtain and deliver to XXXX, unless specifically waived in writing by XXXX, a good and sufficient corporate surety company bond, cash deposit or a bank irrevocable letter of credit ("Security Assurance") renewable for the Term hereof. Said Security Assurance shall serve the purpose of securing payment of all sums payable by Xxxxxx to XXXX hereunder and will be forfeited in whole or in part to satisfy a Lessee liability in the event of Xxxxxx’s failure to pay any Rents of whatsoever nature due XXXX. Said Security Assurance shall be conditioned to ensure the faithful and full performance by Lessee of all its covenants, terms, conditions and obligations of this Agreement. Upon request of XXXX, Lessee shall restore the Security Assurance to its original amount. The Security Assurance in an amount of twenty five percent (25%) of Lessee’s estimated annual Rents for the current Fiscal Year shall remain in full force and effect during the Term and any extended period thereof until the later of (a) twelve
Security Assurances. Any bonds, guaranties, letters of credit, or other forms of financial assurances supporting the Transferred Properties that any transferor or any of its Affiliates possesses or has delivered to other Persons as security for performance of certain obligations owed to Government Authorities or other Persons, as listed on Schedule 3 attached to this Agreement; and
Security Assurances. 9.1. In accordance with its national laws, security regulations and procedures the National Security Authority of each Party shall, when requested by the National Security Authority of the other Party for defence purposes, ascertain the security status of a Contractor or individual and furnish a written assurance to the other Party concerning:
Security Assurances. A Participant, through its SA, will take measures to ensure that a Contractor from that Participant is not awarded a Classified Contract and does not receive Classified Information at the level of PROTECTED C/ PROTÉGÉ C and CONFIDENTIAL/CONFIDENTIEL/ KONFIDENCIĀLI or above until the SA of the other Participant, in whose territory the Classified Contract is performed, confirms that the Contractor meets the security requirements of that other Participant. At the request of the SA of the requesting Participant, the receiving Participant will ensure that its SA provides a security assurance, in writing, that indicates if a Contractor has a valid FSC or PSC. This security assurance will be provided in accordance with the laws and regulations of the receiving Participant. A Participant will ensure that: if its SA provides a security assurance regarding a Contractor and learns of a breach of a security requirement by that Contractor, that SA promptly notifies the SA of the Participant that requested the security assurance; if its SA grants an FSC or PSC to a Contractor, that SA may withdraw that FSC or PSC for a security reason, in accordance with the laws and regulations of that Participant. That SA will promptly inform the SA of the other Participant of that withdrawal; if its SA cannot provide a security assurance because a Contractor does not have an FSC or PSC that meets the security requirements for a Classified Contract, that SA, acting at the request of the SA of the other Participant, conducts a security assessment to determine if it should grant or upgrade the FSC or PSC of that Contractor and if it should provide a security assurance in accordance with paragraph 12(b); and if its SA cannot promptly provide a security assurance in response to a request from the other Participant, that SA informs the SA of the other Participant of the status of the request. The SA that receives a request for a security assurance responds within 5 working days unless the Participants jointly determine otherwise. At the request of the Participant that conducts a security assessment to determine if it should grant an FSC or PSC, the other Participant will assist it with that security assessment.
Security Assurances. Any bonds, guaranties, letters of credit, or other forms of financial assurances supporting the Transferred Properties or YCMC Properties that any transferor or any of its respective Affiliates possesses or has delivered to other Persons as security for performance of certain obligations owed to Government Authorities or other Persons, as listed on Schedule 3 attached to this Agreement;
Security Assurances. Any bonds, guaranties, letters of credit, or other forms of financial assurances that Seller or its Affiliates possess or have delivered to other Persons as security for performance of certain obligations owed to Government Authorities or other Persons, whether supporting the Facilities, the Transferred Properties or the Excluded Items, all as listed on Schedule 8 attached to this Agreement.
Security Assurances. DOJ Order 2640.2D encourages the use of International Standard 15408, Common Criteria for Information Technology Security Evaluation, for evaluating computer systems used for processing SBU information. In addition, the INS Office of Information Resources Management requires that contractors adhere to the Department of Defense (DOD) Standard 5200.28-STD, Trusted Computer System Evaluation Criteria. Therefore, the Contractor shall ensure that requirements are allocated in the functional requirements and system design documents to address C2 level of trust, and that those requirements are based on the INS C&TS Guidance Document 9.0, Minimum Requirements Document or the most currently approved INS directive. C2 systems must offer the following user-visible features: • User Identification and Authentication (I&A) – I&A is the process of telling a system the identity of a subject (for example, a user) (I) and providing that the subject is who it claims to
Security Assurances. It is recognized that exchange of information may require individuals in the United States or the United Kingdom to visit Australia and vice versa. In furtherance of this activity, the responsible authority of the sponsoring Party shall furnish (in advance) to the responsible authority, as determined by the Party to be visited, an assurance in writing that the visitor is eligible for access to classified information in the country of the sponsoring Party. This assurance shall include the following data:
