Common use of SECURITY DEPOSIT/BOND Clause in Contracts

SECURITY DEPOSIT/BOND. ‌ (a) At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 000 0xx Xxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, or other acceptable liquid financial instruments assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS which shall be satisfactory to AGMA. AGMA shall be the sole judge as to whether the form, financial responsibility and amount of such cash, certified check, savings account passbook, assigned CD, irrevocable letter of credit, or other acceptable liquid financial instruments assigned to the American Guild of Musical Artists, Inc., is satisfactory, and the EMPLOYER shall not be deemed to have performed its obligation under this Agreement until the same has been approved by AGMA. AGMA agrees that the security bond for established companies will be limited to one (1) week's salary for the members of the company. (b) Proof of the placing of the security bond with AGMA will be posted on the company bulletin board not later than the first (1st) day of each employment period. (c) No ARTIST shall leave the city of origination for work outside said city unless the EMPLOYER, prior to the ARTIST’s departure there from, has provided and paid for their transportation and their baggage in accordance with the foregoing provisions, including return transportation back to the city of origination. AGMA shall have the right to require the EMPLOYER to post such bond or bonds or such other security, including money, and in such amount as in its sole discretion AGMA deems necessary to insure the safe transportation and return of the ARTIST. AGMA reserves the right to set up other terms and conditions for granting permission to the EMPLOYER to take any ARTISTS for an engagement, series of engagements or tours outside of the United States of America by the development of an Overseas Rider. All other foreign travel per diem shall be separately negotiated.

SECURITY DEPOSIT/BOND. ‌ (a) At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 000 0xx Xxx, 0xx Xxxxx0000 Xxxxxxxx (xx 00xx Xxxxxx), Xxx Xxxx, Xxx Xxxx 00000-5284, cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, or other acceptable liquid financial instruments assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS which shall be satisfactory to AGMA. AGMA shall be the sole judge as to whether the form, financial responsibility and amount of such cash, certified check, savings account passbook, assigned CD, irrevocable letter of credit, or other acceptable liquid financial instruments assigned to the American Guild of Musical Artists, Inc., is satisfactory, and the EMPLOYER shall not be deemed to have performed its obligation under this Agreement until the same has been approved by AGMA. AGMA XXXX agrees that the security bond for established companies will be limited to one (1) week's salary for the members of the company. (b) Proof of the placing of the security bond with AGMA will be posted on the company bulletin board not later than the first (1st) day of each employment period. (c) No ARTIST shall leave the city of origination for work outside said city unless the EMPLOYER, prior to the ARTIST’s departure there fromtherefrom, has provided and paid for their his/her transportation and their his/her baggage in accordance with the foregoing provisions, including return transportation back to the city of origination. AGMA shall have the right to require the EMPLOYER to post such bond or bonds or such other security, including money, and in such amount as in its sole discretion AGMA deems necessary to insure the safe transportation and return of the ARTIST. AGMA reserves the right to set up other terms and conditions for granting permission to the EMPLOYER to take any ARTISTS for an engagement, series of engagements or tours outside of the United States of America by America, as provided in the development of an standard Overseas RiderRider attached hereto. All other foreign travel per diem shall be separately negotiatednegotiated in the standard Overseas Rider.

SECURITY DEPOSIT/BOND. ‌ (a) 1. At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 000 0xx XxxPO BOX 908, 0xx XxxxxNew York, Xxx Xxxx, Xxx Xxxx 00000New York 10018, cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, or other acceptable liquid financial instruments assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS ARTISTs which shall be satisfactory to AGMA. AGMA shall be the sole judge as to whether the form, financial responsibility and amount of such cash, certified check, savings account passbook, assigned CD, irrevocable letter of credit, or other acceptable liquid financial instruments assigned to the American Guild of Musical Artists, Inc., is satisfactory, and the EMPLOYER shall not be deemed to have performed its obligation under this Agreement until the same has been approved by AGMA. AGMA agrees that the security bond for established companies will be limited to one (1) week's ’s salary for the members of the company. (b) 2. Proof of the placing of the security bond with AGMA will be posted on the company EMPLOYER bulletin board and the AGMA bulletin board not later than the first (1st) day of each employment period. (c) 3. No ARTIST shall leave the city City of origination Origination for work outside said city unless the EMPLOYER, prior to the ARTIST’s departure there from, has provided and paid for his/her/their transportation and his/her/their baggage in accordance with the foregoing provisionsluggage, including return transportation back to the city City of originationOrigination. AGMA shall have the right to require the EMPLOYER to post such bond or bonds or such other security, including money, and in such amount as in its sole discretion AGMA deems necessary to insure ensure the safe transportation and return of the ARTIST. AGMA reserves the right to set up other terms and conditions for granting permission to the EMPLOYER to take any ARTISTS ARTISTs for an engagement, series of engagements or tours outside of the United States of America by America, as provided in the development of an standard Overseas Rider. All other foreign travel per diem shall be separately negotiatedRider attached hereto.

SECURITY DEPOSIT/BOND. ‌ (a) At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 000 0xx Xxx, 0xx Xxxxx0000 Xxxxxxxx (xx 00xx Xxxxxx), Xxx Xxxx, Xxx Xxxx 00000-5284, cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, or other acceptable liquid financial instruments assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS which shall be satisfactory to AGMA. AGMA shall be the sole judge as to whether the form, financial responsibility and amount of such cash, certified check, savings account passbook, assigned CD, irrevocable letter of credit, or other acceptable liquid financial instruments assigned to the American Guild of Musical Artists, Inc., is satisfactory, and the EMPLOYER shall not be deemed to have performed its obligation under this Agreement until the same has been approved by AGMA. AGMA XXXX agrees that the security bond requirement for established companies EMPLOYER will be limited to satisfied by providing AGMA with a lien on EMPLOYER'S Endowment in the amount of one (1) week's salary for the members of the company. (b) Proof of the placing of the security bond with AGMA will be posted on the company bulletin board not later than the first (1st) day of each employment period. (c) No ARTIST shall leave the city of origination for work outside said city unless the EMPLOYER, prior to the ARTIST’s 's departure there fromtherefrom, has provided and paid for their his transportation and their his baggage in accordance with the foregoing provisions, including return transportation back to the city of origination. AGMA shall have the right to require the EMPLOYER to post such bond or bonds or such other security, including money, and in such amount as in its sole discretion AGMA deems necessary to insure the safe transportation and return of the ARTIST. AGMA reserves the right to set up other terms and conditions for granting permission to the EMPLOYER to take any ARTISTS for an engagement, series of engagements or tours outside of the United States of America by America, as provided in the development of an standard Overseas Rider. All other foreign travel per diem shall be separately negotiatedRider attached hereto.

SECURITY DEPOSIT/BOND. ‌ (a) At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without outside the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without outside the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 000 0xx Xxx, 0xx XxxxxXxxxxx, Xxx Xxxx, Xxx Xxxx 0000000000 , cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, irrevocably assigned line of credit availability, or other acceptable liquid financial instruments or security assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS which shall be satisfactory to AGMA. AGMA shall be the sole judge as to approve whether the form, financial responsibility and amount of such cash, certified check, savings account passbook, assigned CD, irrevocable letter of credit, irrevocably assigned line of credit availability, or other acceptable liquid financial instruments or security assigned to the American Guild of Musical Artists, Inc., is satisfactory, and the EMPLOYER shall not be deemed to have performed its obligation obligations under this Agreement until the same has been approved by AGMA. AGMA agrees that the financial security deposit/bond for established companies will be limited to one (1) week's salary for the members ARTISTS of the companyCompany. (b) Proof of the placing of the financial security deposit/bond with AGMA will be posted on the company bulletin board Company callboard not later than the first (1st) day of the each employment period. (c) No ARTIST shall leave the city City of origination Origination for work outside said city unless the EMPLOYER, prior to the ARTIST’s 's departure there fromtherefrom, has provided and paid for their transportation and their baggage in accordance with the foregoing provisions, including return transportation back to the city of origination. If EMPLOYER fails to make such payment and provisions in advance, AGMA shall have the right to require the EMPLOYER to post such bond or bonds or such other security, including money, and in such amount as in its sole discretion AGMA deems necessary to insure the safe transportation and return of the ARTIST. AGMA reserves the right to set up any other terms and conditions for granting permission to the EMPLOYER to take any ARTISTS for an engagement, series of engagements or tours outside of the United States of America by America, as provided in the development of an standard Overseas RiderRider attached hereto. All other foreign travel per diem shall be separately negotiatednegotiated in the standard Overseas Rider.

SECURITY DEPOSIT/BOND. ‌ (a) At least one (1) week before the commencement of any rehearsal, engagement, series of engagements or tour within or without the United States of America, or at least one (1) week before the ARTIST commences to travel in pursuance of any engagements, series of engagements or tour within or without the United States of America, whichever is earlier, the EMPLOYER shall deposit with AGMA, at 000 0xx Xxx, 0xx Xxxxx0000 Xxxxxxxx (xx 00xx Xxxxxx), Xxx Xxxx, Xxx Xxxx 00000-0000, cash, certified check, savings account passbook, assigned CD, irrevocable assigned letter of credit, or other acceptable liquid financial instruments assigned to American Guild of Musical Artists, Inc. for the benefit of the ARTISTS which shall be satisfactory to AGMA. AGMA shall be the sole judge as to whether the form, financial responsibility and amount of such cash, certified check, savings account passbook, assigned CD, irrevocable letter of credit, or other acceptable liquid financial instruments assigned to the American Guild of Musical Artists, Inc., is satisfactory, and the EMPLOYER shall not be deemed to have performed its obligation under this Agreement until the same has been approved by AGMA. AGMA XXXX agrees that the security bond for established companies EMPLOYER will be limited to one (1) week's salary for the members of the company. (b) Proof of the placing of the security bond with AGMA will be posted on the company bulletin board not later than the first (1st) day of each employment period. (c) No ARTIST shall leave the city of origination for work outside said city unless the EMPLOYER, prior to the ARTIST’s 'S departure there fromtherefrom, has provided and paid for their his transportation and their his baggage in accordance with the foregoing provisions, including return transportation back to the city of origination. AGMA shall have the right to require the EMPLOYER to post such bond or bonds or such other security, including money, and in such amount as in its sole discretion AGMA deems necessary to insure the safe transportation and return of the ARTIST. AGMA reserves the right to set up other terms and conditions for granting permission to the EMPLOYER to take any ARTISTS for an engagement, series of engagements or tours outside of the United States of America by America, as provided in the development of an standard Overseas RiderRider attached hereto. All other foreign travel per diem shall be separately negotiatednegotiated in the standard Overseas Rider.