Security Coverage Sample Clauses

Security Coverage. 13.1 The Bank may at any time and from time to time conduct a valuation or assessment of the assets of the Borrower covered by the Security Documents and such valuation shall be final and conclusive. The cost of such valuation or assessment shall be for the account of the Borrower. 13.2 If at any time the Bank is of the opinion that the value(s) of the assets of the Borrower covered by the Security Documents has fallen below the security margins stipulated by the Bank, or in the absence of such stipulation, below the value(s) at the time the Facilities were granted (for any reason whatsoever, including but not limited to the relative fall in the value of the currency in which such assets are denominated), the Bank shall be entitled:- (a) to require the Borrower to reduce its liabilities to the Bank by such extent as the Bank may in its absolute discretion determine; (b) to require the Borrower to furnish to the Bank additional securities as shall be satisfactory to the Bank; (c) to realise and set-off the assets of the Borrower covered by the Security Documents against the Borrower’s liabilities to the Bank; and/or (d) to require prepayment and/or repayment of an amount to be specified by the Bank, by such date or within such period as the Bank may in its absolute discretion require.
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Security Coverage i. The Contractor is required to provide one (1) security officer for each parking facility on a 24 hour, 7 days per week schedule, Sundays through Saturdays, including City recognized holidays. Exhibit B contains the City Holiday Observance Schedule. ii. The Contractor shall ensure that its security guards provide assistance, directions, answer questions and otherwise serve as a source of information for customers using the City’s parking facilities. iii. The Contractor shall implement a process to document and verify that the parking facility walk-throughs/inspections on each level and quadrant of the parking facilities occur at established intervals. iv. The Contractor shall ensure that uniformed security guards provide a visible presence. v. The Contractor shall ensure that the security guards practice theft and vandalism deterrence. vi. The Contractor shall ensure that the security guards provide property and asset protection. vii. The Contractor shall ensure that the security guards provide traffic and crowd control. viii. The Contractor shall ensure that the security guards notify the City’s designee of any hazards, safety violations or other conditions that warrant an unsafe condition. ix. The Contractor shall ensure that the security guards will not carry weapons of any kind. x. The Contractor may provide bicycle patrol, if desired. xi. The Contractor shall conduct and schedule randomized surveilling patterns xii. The Contractor shall ensure that all scheduled personnel time must be exclusive to the City of Durham and not shared with other clients within same scheduled shifts. xiii. The Contractor shall provide daily and weekly detailed reports showing activities by location and date/time xiv. The Contractor shall possess the ability to adjust personnel tracking technology xv. The Contractor shall have the ability to adjust scheduled personnel as needed based on events, location needs, etc. xvi. In addition, the City of Durham may require additional security at any time with appropriate notice.
Sample 1
Security Coverage. The Approved Borrower and the Security Provider undertakes to Integral Business that: (a) where the Securities do not include a real property mortgage in favour of Integral Business, the Outstanding Amount will not at any time exceed 80% of the aggregate Face Value of all outstanding Designated Debts from Approved Trade Debtors held by Integral Business; (b) subject to paragraph (c), where the Securities include a real property mortgage given in favour of Integral Business, the Outstanding Amount will not at any time exceed the amount which is the aggregate of: (i) 75% of the aggregate Face Value of all outstanding Designated Debts from Approved Trade Debtors held by Integral Business, plus (ii) 67% of the Agreed Value of the real property mortgaged in favour of Integral Business; (c) where the Securities include a real property mortgage given in favour of Integral Business, that amount which is 75% of the Face Value of all outstanding Designated Debts from Approved Trade Debtors held by Integral Business will be not less than 70% of the Outstanding Amount; and (d) the Approved Borrower and the Security Provider will ensure that at all times sufficient outstanding Designated Debts from Approved Trade Debtors are held by Integral Business to ensure that no breach of paragraphs (a), (b) or (c) of this clause ever occurs.
Sample 1
Security Coverage. The maximum-amount mortgage granted by Party B shall cover the principal amounts of the principal claims, interest, penalty interest, compound interest, liquidated and other damages, and any expenses incurred by the foreclosure, including, without limitation, litigation costs, attorney fee and evaluation fee, provided that any expenses for realization of the mortgage shall be first credited against the proceeds from liquidation of the collateral and therefore not included in the maximum balance referred to in Article 1.1.
Sample 1
Security Coverage is required for all events and is the responsibility of the organization / event organizer to coordinate with the Tillamook County Sheriff’s Department.
Sample 1
Security Coverage the Borrower shall at all times maintain a security coverage of not less than such number of times of the total amount of moneys owing under the Facilities as may be determined by the Bank from time to time at its discretion by notice to the Borrower
Sample 1
Security Coverage. The coverage of security hereunder includes the principal of debts, interest, compound interest, penalty interest, liquidated damages, damages, as well as all expenses incurred by Party A in realizing its claims such as litigation (arbitration) fees, attorney fees, storage fees, fees for disposal of pledged assets, and registration fees, under various financing arrangements that Party B, Party B's member companies, and the designated overseas member companies make with Party A in accordance with this Contract and the Asset Pool Business Cooperation Agreement.
Sample 1
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Related to Security Coverage

  • Liability Coverage For the benefit of System Agency, Grantee will at all times maintain liability insurance coverage, referred to in Tex. Gov. Code § 2261.102, as “director and officer liability coverage” or similar coverage for all persons in management or governing positions within Grantee’s organization or with management or governing authority over Grantee’s organization (collectively “responsible persons”). Grantee will: 1. maintain copies of liability policies on site for inspection by System Agency and will submit copies of policies to System Agency upon request. 2. maintain liability insurance coverage in an amount not less than the total value of this Contract and that is sufficient to protect the interests of System Agency in the event an actionable act or omission by a responsible person damages System Agency’s interests. 3. notify, and obtain prior approval from, the System Agency Contract Oversight and Support Section before settling a claim on the insurance.

  • General Liability Coverage The CONTRACTOR shall maintain commercial general liability insurance in an amount of not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury, and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit.

  • Primary Coverage Contractor’s insurance shall apply as primary and shall not seek contribution from any insurance or self-insurance maintained by, or provided to, the additional insureds listed above including, at a minimum, the State of Washington and/or any Purchaser. All insurance or self-insurance of the State of Washington and/or Purchasers shall be excess of any insurance provided by Contractor or subcontractors.

  • Family Coverage The employee’s cost for family coverage will be nineteen and one-half percent (19.5%) of the family rate for the employee’s Base Medical Plan. If the employee chooses a plan other than the Base Medical Plan, the employee’s cost will be the standard employee’s family rate established for that plan (i.e. the rate applicable where it has not been modified to be a zone’s Base Medical Plan). The employer shall pay the rate over and above the employee’s cost for the Base Medical Plan.

  • Disability Coverage In the event a State employee goes on an extended medical disability, or is receiving Workers’ Compensation benefits, the Employer-policyholder shall continue at no cost to the employee the coverage of the group life insurance for such employee for the period of such extended leave, but not beyond two (2) years.

  • Automobile Liability Coverage Consultant shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non- owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

  • Maintenance of Insurance Policies; Errors and Omissions and Fidelity Coverage (a) In the case of each Serviced Mortgage Loan or Serviced Loan Combination, the Master Servicer shall use reasonable efforts consistent with the Servicing Standard to cause the related Borrower to maintain (including identifying the extent to which a Borrower is maintaining insurance coverage and, if such Borrower does not so maintain, the Master Servicer will itself cause to be maintained with Qualified Insurers having the Required Claims-Paying Ratings) for the related Mortgaged Property (x) a fire and casualty extended coverage insurance policy, which does not provide for reduction due to depreciation, in an amount that is at least equal to the lesser of (i) the full replacement cost of improvements securing such Serviced Mortgage Loan or Serviced Loan Combination or (ii) the outstanding principal balance of such Serviced Mortgage Loan or Serviced Loan Combination, but, in any event, in an amount sufficient to avoid the application of any co-insurance clause and (y) all other insurance coverage (including but not limited to coverage for damage resulting from acts of terrorism) as is required or (subject to the Servicing Standard) that the lender is entitled to reasonably require, subject to applicable law, under the related Mortgage Loan Documents; provided that all of the following conditions and/or limitations shall apply: (A) the Master Servicer shall not be required to maintain any earthquake or environmental insurance policy on any Mortgaged Property securing a Serviced Mortgage Loan or Serviced Loan Combination unless such insurance policy was in effect at the time of the origination of such Serviced Mortgage Loan or Serviced Loan Combination pursuant to the terms of the related Mortgage Loan Documents and is available at commercially reasonable rates and the Trustee has an insurable interest; (B) if and to the extent that any Serviced Mortgage Loan or Serviced Loan Combination grants the lender thereunder any discretion (by way of consent, approval or otherwise) as to the insurance provider from whom the related Borrower is to obtain the requisite insurance coverage, the Master Servicer shall (to the extent consistent with the Servicing Standard) use efforts consistent with the Servicing Standard to cause the related Borrower to obtain the requisite insurance coverage from Qualified Insurers that, in each case, have the Required Claims-Paying Ratings at the time such insurance coverage is obtained; (C) the Master Servicer shall have no obligation beyond using its reasonable efforts consistent with the Servicing Standard to cause the Borrower under any Serviced Mortgage Loan to maintain the insurance required to be maintained or that the lender is entitled to reasonably require, subject to applicable law, under the related Mortgage Loan Documents; (D) in no event shall the Master Servicer be required to cause the Borrower under any Serviced Mortgage Loan to maintain, or itself obtain, insurance coverage that the Master Servicer has determined is either (i) not available at any rate or (ii) not available at commercially reasonable rates and the related hazards are not at the time commonly insured against at the then-available rates for properties similar to the related Mortgaged Property and located in or around the region in which the related Mortgaged Property is located;

  • Professional Liability Coverage Consultant shall maintain professional errors and omissions liability insurance for protection against claims alleging negligent acts, errors or omissions which may arise from Consultant or by its employees, or subcontractors. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single-limit per occurrence basis.

  • Warranty Coverage If a product becomes defective within the Xantrex LLC contractual warranty period, one of the following options, as selected by Xantrex LLC, will be performed at no charge for materials or labor costs, unless this should be impossible or disproportionate. It is mandatory that customer notify Xantrex LLC of the Product defect within the Warranty Period, and provided that Xantrex LLC, or designated service partner, through inspection establishes the existence of such a defect and that it is covered by this Contractual Warranty: • Repairing the product onsite, • Repairing the product at Xantrex LLC, or designated repair facility, or • Exchange the Product with a Replacement Product (of equivalent value according to model and age) Alternatively, at Xantrex LLC's sole discretion, cash compensation equal to the Product’s residual value may be offered1. The term “disproportionate” applies in particular if the costs to Xantrex LLC were deemed unreasonable according to the following criteria: • With reference to the value the product would have without the defect • Taking into account the significance of the defect, and • After consideration of alternative workaround possibilities available to the customer without significant inconvenience If Xantrex LLC, or designated service partner, repairs or replaces a Product, its warranty continues for the remaining portion of the original Warranty Period or 90 days from the date of the return shipment to the customer, whichever is greater. All replaced Products and all parts removed from repaired Products become the property of Xantrex LLC.

  • Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage (a) The Servicer shall cause to be maintained for each Mortgage Loan fire insurance with extended coverage on the related Mortgaged Property in an amount which is at least equal to the least of (i) the outstanding principal balance of such Mortgage Loan, (ii) the amount necessary to fully compensate for any damage or loss to the improvements that are a part of such property on a replacement cost basis and (iii) the maximum insurable value of the improvements which are a part of such Mortgaged Property, in each case in an amount not less than such amount as is necessary to avoid the application of any coinsurance clause contained in the related hazard insurance policy. The Servicer shall also cause to be maintained fire insurance with extended coverage on each REO Property in an amount which is at least equal to the lesser of (i) the maximum insurable value of the improvements which are a part of such property and (ii) the outstanding principal balance of the related Mortgage Loan at the time it became an REO Property, plus accrued interest at the Mortgage Rate and related Servicing Advances. The Servicer will comply in the performance of this Agreement with all reasonable rules and requirements of each insurer under any such hazard policies. Any amounts to be collected by the Servicer under any such policies (other than amounts required to be deposited in the Escrow Account and applied to the restoration or repair of the property subject to the related Mortgage or amounts to be released to the Mortgagor in accordance with the procedures that the Servicer would follow in servicing loans held for its own account, subject to the terms and conditions of the related Mortgage and Mortgage Note) shall be deposited in the Collection Account, subject to withdrawal pursuant to Section 3.11. Any cost incurred by the Servicer in maintaining any such insurance shall not, for the purpose of calculating distributions to the Trustee, be added to the unpaid principal balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit. It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. If the Mortgaged Property or REO Property is at any time in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards and flood insurance has been made available, the Servicer will cause to be maintained a flood insurance policy in respect thereof. Such flood insurance shall be in an amount equal to the lesser of (i) the unpaid principal balance of the related Mortgage Loan and (ii) the maximum amount of such insurance available for the related Mortgaged Property under the national flood insurance program (assuming that the area in which such Mortgaged Property is located is participating in such program). In the event that the Servicer shall obtain and maintain a blanket policy with an insurer either (i) acceptable to Fannie Mae or Freddie Mac or (ii) having a general policy rating of A:VX xx xexxxr in Xxxx'x (or such other rating that is comparable to such rating) insuring against hazard losses on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations as set forth in the first two sentences of this Section 3.13, it being understood and agreed that such policy may contain a deductible clause, in which case the Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property or REO Property a policy complying with the first two sentences of this Section 3.13, and there shall have been one or more losses which would have been covered by such policy, deposit to the Collection Account from its own funds the amount not otherwise payable under the blanket policy because of such deductible clause. In connection with its activities as administrator and servicer of the Mortgage Loans, the Servicer agrees to prepare and present, on behalf of itself and the Trustee, claims under any such blanket policy in a timely fashion in accordance with the terms of such policy. (b) The Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Servicer's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Fannie Mae or Freddie Mac if it were the purchaser of the Mortgage Loanx. Xxx Servicex xxxxx also maintain a fidelity bond in the form and amount that would meet the requirements of Fannie Mae or Freddie Mac, unless the Servicer has obtained a waiver of xxxx requiremxxxx xxom Fannie Mae or Freddie Mac. The Servicer shall provide the Trustee upon xxxxxxt with cxxxxx xf any such insurance policies and fidelity bond. The Servicer shall be deemed to have complied with this provision if an Affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Servicer shall also cause each Subservicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

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