Security for Payments. Each Individual Employer delinquent one (1) or more months in making the payments set forth in Section 12.00.00 shall be notified of such delinquency in writing by the Fund Manager of the Trust Funds. Copies of such notices shall be sent to the Employer and to the Union.
Security for Payments. If a Change in Control is anticipated to occur, the Employer shall forthwith make such arrangements as may, in the view of the Board, be prudent and advisable to assure the ability of the Employer to pay any amounts set forth in Section 3.02, including, without limitation, by arranging for one or more letters of credit, depositing funds in trust or making such other arrangements as then seem appropriate for such purpose.
Security for Payments. To secure Buyer’s obligations hereunder, including but not limited to the obligations to make payments, Purchaser hereby pledges, assigns and grants to Seller, and hereby creates a continuing first priority lien and security interest in favor of Seller in and to all of its right, title and interest in and to the Membership Interests (the “Security Interest”) and authorizes Seller to file a UCC-1 Financing Statement that contains the information required by Article 9 of the Uniform Commercial Code in the applicable jurisdiction to perfect the Security Interest. Upon the receipt by Seller of the Final Payment in accordance with Section 1.3(c), the Security Interest shall automatically be deemed released, and Seller shall promptly take such actions as are necessary to release or cause the release (and hereby authorizes Buyer to so release) such Security Interest, including by filing UCC-3 termination statements. Until the Final Payment is made, Buyer shall not (x) transfer of further encumber the Membership Interests, (y) consent to the merger, conversion or dissolution of the Project Company or (z) amend the operating agreement or articles of organization of the Project Company; provided that Buyer may cause such operating agreement to be amended and restated in substantially the form attached hereto as Exhibit F.
Security for Payments. As security for the payment of the Guaranteed Consulting Fees due to the Consultants under this Agreement, and for the payments due under the Trademark License Agreement and the Roasting License Agreement (together with this Agreement, the "Post-Closing Payment Agreements"), the Companies shall provide the following for the benefit of the Consultants:
Security for Payments. A mortgage (the "Full Tax Mortgage") or other assurance of payments in a form reasonably acceptable to the Agency shall be provided by the Company for each phase of the Improvements as described in Schedule 1.1 [Each phase will describe Improvements, date when payments are to commence and mortgage amount].
Security for Payments. CPC shall cooperate with Aurinia to secure Aurinia’s right to the payments referred to in Sections 4.1, 4.2, 4.5 and 4.6, including the granting of a security interest in the Subject Assets and any improvements thereto (including any data or intellectual property which may be exploited and thereby infringe any of the Patent Rights) and any payments to be made respecting same, including License Revenue and the proceeds of any Liquidity Event and assigning to Aurinia the right to receive the payments calculated on License Revenue or the proceeds of any Liquidity Event directly from the party making such payment. The amount of such security is not to exceed the cumulative total of expected payments to Aurinia of $7.9 million.
Security for Payments. CPI shall cooperate with Aurinia to secure Aurinia’s right to the payments referred to in Sections 4.1, 4.2, 4.5 and 4.6 of the Assignment Agreement, including the granting of a pledge and hypothecation of CPI’s interest in CPC, the granting of a security interest in any dividends, distributions or other payments to be paid or made to CPI from CPC, the granting of a security interest in the proceeds of any Liquidity Event and assigning to Aurinia the right to receive the payments calculated on the proceeds of any Liquidity Event directly from the party making such payment. The amount of such security is not to exceed the cumulative total of expected payments to Aurinia of $7.9 million.
Security for Payments. As security for the payment of the Guam License Fee Payments and the Australian License Fee Payments (collectively, the "License Payments"), and for the payments due under the Consulting Agreement and the Roasting License Agreement (each, as defined in the Asset Purchase Agreement, and, together with this Agreement, referred to herein as the "Post-Closing Payment Agreements"), Licensee and the Jireh Parties shall provide the following for the benefit of Licensor:
Security for Payments. The Corporation's obligations under Section 5 and Section 6 shall be secured by the establishment of a trust for the benefit of the Executive (the "Trust") with Mellon Bank, N.A., as trustee (the "Trustee") in accordance with an agreement of trust between the Corporation and the Trustee in the form attached hereto as Exhibit A (the "Trust Agreement"). Upon the establishment of the Trust, which shall occur on the Effective Date contemporaneously with the execution of this Agreement, the Corporation shall deposit by wire transfer to an account with the Trustee an amount equal to the sum of (1) the assets in the Trust Under Copperweld Corporation Supplemental Pension Plan, established under an agreement dated November 10, 1999 between Copperweld and Mellon Bank, N.A., as Trustee, (2) the assets in the Trust Under Copperweld Corporation for Employment Agreement with John X. Xxxxxx, xxtablished under an agreement dated November 10, 1999 between Copperweld and Mellon Bank, N.A., as Trustee, and (3) the assets attributable to the Deferral Account held in the Trust Agreement dated December 16, 1994 between LTV and Mellon Bank, as Trustee, such amount to be held by the Trustee in accordance with the Trust Agreement and this Agreement. The Corporate Representative (as defined below) shall direct the Trustee to pay the Retention Payment to the Executive as provided in Section 5(a), subject to the provisions of Section 7(b) below, and to pay the Supplemental Pension Payment as provided in Section 6(a) to the Executive, subject to the provisions of Section 7(b) below. The Corporation hereby appoints the Chairman of the Compensation and Organization Committee of LTV to act as the representative of the Corporation (the "Corporate Representative") for the purpose of sending and receiving notices on behalf of the Corporation under the Trust and providing directions to the Trustee, including, without limitation, directions to pay the amounts required to be distributed to the Executive under the Trust or this Agreement. In the event of the resignation, removal, death or incapacity of the Corporate Representative, the Corporation shall, with the approval of the Executive, appoint a successor to the Corporate Representative, which approval shall not be unreasonably withheld. If the Executive or his beneficiary, estate or personal representative of the Executive is entitled to accelerated payments as provided in Section 5(b) and Section 6(c) above, then the Corporate Representa...
Security for Payments. 3.1 The promise to pay by GRISXXXX xxx/or SH pursuant to this Agreement is secured by the granting to TCC of a first priority security interest, which secures the obligations herein, in all the Stock in SH acquired by GRISXXXX xxx in all the assets of SH, specifically including, but not limited to, the "Sustainable Harvest" trademark, all SH trade relationships, and all the certain tangible and intangible personal property which is located at 1480 - 00xx Xxxxxx, Xxxxxxxxxx, XX xxxrein SH's business (the "Business") is being transacted. Public notice of said security interest rights are intended to be given by the filing of a Financing Statement (form UCC-1) with the California Secretary of State in Sacramento, California which shall be executed and delivered to TCC on demand if not concurrently with this Agreement. For this purpose GRISXXXX xxxnts to TCC a pledge of the Stock.
