Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, OPERATOR shall have a first lien upon each PARTY'S PARTICIPATING and/or WORKING INTEREST, including the production and equipment credited thereto, in order to secure payment of charges against such PARTY, together with interest thereon at the rate set forth in Exhibit "C" or the maximum rate allowed by law, whichever is less, plus attorneys' fees, court costs and other related collection costs. If any PARTY does not pay such charges when due, OPERATOR shall have the additional right to collect from the purchaser the proceeds from the sale of such PARTY'S share of production until the amount owed has been paid. Each purchaser shall be entitled to rely on OPERATOR'S statement concerning the amount owed. Each NON-OPERATOR shall have comparable security rights on OPERATOR'S PARTICIPATING and/or WORKING INTEREST.
Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, for and in consideration of the covenants and mutual undertakings of the Operator and the Non-Operators herein, the Parties shall have the following security rights:
Security Rights. 6.1. The Customer hereby grants to IDN a lien or equivalent security interest in respect of all goods, documents and moneys which IDN holds or will hold in his possession whatever the reason and the purpose thereof may be, as against any party requiring their delivery to secure the Customer’s payment obligations hereunder with respect to such Shipment or any other Shipment. If the goods are forwarded on, IDN shall be entitled to collect the sum due on subsequent delivery or draw a xxxx therefore with the shipping documents annexed.
6.2. IDN may also exercise the rights granted to it in Clause 6.1 for the amount that the Customer owes it with respect to previous orders.
6.3. Notwithstanding and without prejudice to Clause 6.1 above, the Customer agrees that it will upon demand by IDN provide security for any amount for which the Customer is or may become indebted to IDN. The Customer’s obligation to provide security at the request of IDN applies even if the Customer already has provided security in connection with any amount owed and to the extent that any such security provided by the Customer is found by IDN to be inadequate.
6.4. All consequences of non-compliance or of failure to comply forthwith with any demand by IDN to provide security shall be borne by the Customer.
6.5. If IDN has, notwithstanding the provisions of Clause 5.11 provided security to any other person or authority from its own funds, IDN has the liberty to demand and the Customer agrees to pay IDN the full amount of any security provided by IDN before any Shipment is delivered.
6.6. Upon any default by the Customer and at any time thereafter, IDN may declare all obligations secured hereby immediately due and payable and IDN shall be deemed to have the remedies of a secured party to the fullest extent permitted under the law.
Security Rights. Each Party grants to each of the other Party (ies) a first lien upon all its right, title and interest in the Lease and a security interest in its share of oil and gas when extracted and its interest in all equipment and property, including fixtures located upon and/or used or useful in the production of oil and gas from the Lease. In order to perfect this lien, Operator is authorized to file this Agreement or a declaration thereof in the records of the appropriate county or parish and in the records of the U.S. Department of Interior, Bureau of Ocean Energy Management ("BOEM"). To the extent that a Party has a security interest under the Uniform Commercial Code ("UCC"), Operator is also authorized to file a financing statement in appropriate records and each Party shall be entitled to exercise the rights and remedies of a secured party under the UCC. The bringing of a suit and the obtaining of judgment by any Party for the secured indebtedness shall not be deemed an election of remedies or otherwise affect the rights or security interest for the payment thereof. The liability of each Party under the Joint Operating Agreement and the first lien and security interest granted hereby shall be limited (and no party shall be entitled to enforce the same against each Party for an amount exceeding) to the actual obligations and indebtedness (including all interest charges, costs, attorneys fees, and other charges provided for in this Joint Operating Agreement) outstanding and unpaid and that are attributable to or charged against the interest of such Party pursuant to this Joint Operating Agreement.
Security Rights. 10.1 ING ComFin shall have a lien from or for the benefit of Client as set forth in the FSA, in the Agreement on stock financing and financing of acquisition of goods and in any other agreement between the Client and ING ComFin. AFV Xxxxxx ADJUSTED BY REQUEST OF CLIENT, 2009 / 1
10.2 Upon demand Client shall provide adequate security or have the security provided for the fulfilment of his existing and future obligations towards ING ComFin. If the security provided is no longer adequate, Client is bound to supplement or replace such security upon demand. Notwithstanding the foregoing, Client may refuse a demand for additional security, upon which demand the Client is obliged to terminate any and all agreements between Client and ING ComFin in accordance with art. 4.1 FSA.
10.3 The security rights, which have been established by Client or on behalf of Client in favour of ING ComFin, serve as security as set forth in the FSA, Agreement on stock financing and financing of acquisition of goods or under any other agreements between Client and ING ComFin. All Security Rights of ING ComFin will always rank in first priority unless explicitly determined otherwise, except as otherwise arising under law.
10.4 [Intentionally deleted]
Security Rights. Addressed in Exhibit “F” of this Agreement and is incorporated into this Agreement by this reference.
Security Rights. If an Event of Default shall occur and be continuing, the Lender may enforce any and all rights available to it by law or in equity pursuant to the Security Interest granted hereunder with respect to the Collateral. Without limiting the rights available to the Lender pursuant to the foregoing sentence, the Lender shall have all rights and remedies available to creditors under the Uniform Commercial Code, as in effect from time to time in the State of New York.
Security Rights. You agree not to terminate or cancel registration of your Airtel mobile phone number (MSISDN) when you have any Outstanding Amounts
Security Rights. In addition to any other security rights and remedies provided for by the laws of this State with respect to services rendered or materials and equipment furnished under this Agreement, each Working Interest Owner grants Unit Operator a first and a prior lien upon its Working Interest, including the Unitized Substances and Unit Equipment credited thereto, in order to secure payment of the Unit Expense charged against such Working Interest, together with interest of one percent (1.00%) per month or the maximum rate allowed by law, whichever is less. The filing of suit and the obtaining of a judgment by Unit Operator for the secured indebtedness shall not be deemed an election of remedies or prejudice its security rights for the payment thereof. If any Working Interest Owner does not pay its share of Unit Expense when due and is in Default as provided for hereinbelow, Unit Operator shall have the right, without prejudice to other rights and remedies, to collect from the purchaser the proceeds from the sale of such Working Interest Owner's share of Unitized Substances until the amount owed, plus interest at the rate herein provided, has been paid. The Unit Operator shall have the continuing right to recoup unit expenses from a Unit Owner who is in Default as long as production continues no matter how much time passes between the expense being incurred and the production against which it is offset. Each purchaser shall be entitled to rely on Unit Operator's written statement concerning the amount owed and the interest payable thereon. Unit Operator grants a like lien and security interest to the Working Interest Owners. Any surplus received by Unit Operator from any sale of production pursuant to this Section or Section 11.6 below shall be credited to the Person or Persons from whom it was deducted in the proportion of their respective interest. In addition to the foregoing, each Working Interest Owner's interest in the Unit Area shall be responsible for its proportionate share of the cost and expense of Unit Operations, and the Unit Operator shall have a lien thereon to secure payment of such share. When any Working Interest Owner fails to pay its part thereof when due and interest thereon at the rate above provided and is in Default as provided for hereinbelow, then all of such Working Interest Owner's interest in the Unitized Substances and Unit Equipment may be foreclosed in the same manner and under the same procedure provided for regarding the foreclosur...
Security Rights. Lessor shall provide, at no cost to Lessee when occupancy begins; (1) a window latch one each window; (2) a doorknob lock or keyed dead bolt lock on each exterior door; (3) a pin lock, plus a security bar or door hand latch on each sliding glass door; and (4) a keyless bolting device (keyless dead bolt lock) and door viewer (peephole) on each exterior door. Lessee must make repair requests to Lessor of any faulty security device in writing. If Lessor fails to install or rekey security devices as required by this Section, Lessee has the right to do so
