Security Schedule. The Developer shall provide security as follows:
i. Commencing on the Effective Date and until December 31, 2011, collectively BD Village and XX Xxxxxx shall provide security of three million dollars ($3,000,000.00). To meet this obligation, BD Village and XX Xxxxxx shall collectively provide to the City a letter of credit in a form reasonably acceptable to the City evidencing cash or other liquid assets in the minimum amount of two million dollars ($2,000,000.00). BD Village shall also provide a first position deed of trust to the City on King County Parcel Nos. 0221069024, 0221069030, and 1121069006 of at least one million dollars ($1,000,000.00) no later than the Effective Date (the “Deed of Trust”) in the form attached hereto as Exhibit D.
ii. For the calendar year 2012, following the Annual Review in year 2011 and until December 31, 2013, BD Village and XX Xxxxxx collectively shall provide a letter of credit to the City totaling 125% of its projected annual City Staffing Shortfalls and MDRT Costs less consultant costs. The City shall automatically release the Deed of Trust when this letter of credit is renewed on December 31, 2011.
iii. Thereafter, the City and Developer shall negotiate renewed and extended security in an amount equal to at least 100% of the projected annual City Staffing Shortfalls and MDRT Costs less consultant costs up to a maximum of two million dollars ($2,000,000.00), after consideration of the extent of development completed at that time.
Security Schedule. A new Schedule 5 is hereby added to the Original Agreement to read as set forth in Schedule 5 attached hereto.
Security Schedule. Definitions
Security Schedule. 2.01 Commitments and Applicable Percentages
Security Schedule. A Schedule of all cash security and similar deposits, held by or on behalf of Seller on the Closing Date under the Leases.
Security Schedule. Each Seller shall deliver to Buyer a current Security Schedule with respect to all Purchased Assets subject to this Agreement with such frequency as Buyer may reasonably require;
Security Schedule. The Parties agrees that the table below is the Security Schedule setting the Securities, their amount and when they are to be provided 1 Public Domain Works Security $9,285,678.00 The Owner must deliver this Security to the Council on or before the date of the first Construction Certificate.
Security Schedule. Your Simplicity First Home Loan, all amounts you owe to us and your other obligations under this Agreement are secured by the Security, being: • New registered first and only mortgage over the owner-occupied property at 123 EXAMPLE STREET, EXAMPLEVILLE, Record of Title Identifier XXXXXX. Simplicity uses Mortgage Memorandum 2018/4346. The Security will secure the current and future money you owe us and other obligations with us. You must arrange to give us your Security by the Drawdown Date. You must also sign any security agreements or other documents or give any authority needed to register, perfect or maintain the Security. You should be aware that if you do not keep your Payments up to date, or otherwise breach your obligations under this Agreement, or you give a security over the property to another person without Simplicity's consent, we may enter into possession of, and/or sell, the Security. If there is a shortfall in the proceeds of sale, you will remain personally liable for any shortfall to us. A floating Annual Interest Rate applies to your Simplicity Home Loan. At the date of you entering into this Agreement the Annual Interest Rate is FLOATING RATE. The Annual Interest Rate is floating and may change from time to time. We may vary the Annual Interest Rate at any time. We will give you written notice of any variation to the Annual Interest Rate at least one month prior to any change taking effect. To calculate your interest, we’ll multiply the Annual Interest Rate, as a percentage, by the unpaid balance of the Loan Amount. This amount is then divided by 365 to determine the amount of daily interest that you are charged. The amount of interest you are charged is due and payable by you in accordance with the Payment details contained in our Loan Summary above. Interest on the balance of your Loan Amount will accrue daily based on a 365-day year calculation and will be debited monthly starting one month after the Drawdown Date, or on a specified date agreed by Simplicity. Your Loan Amount will be repaid by making 360 MONTHLY PAYMENTS of principal and interest to Simplicity by way of direct debit. The first Payment will be one month after the Drawdown Date, or on a specified date agreed by Simplicity. Your principal and interest Payments are set out in the Loan Summary above and are based on the current Annual Interest Rate. Please note that the Annual Interest Rate can change as above and this will affect the amount of your Payments. On the expiry...
Security Schedule. If a provision of the main body of the Agreement conflicts with a provision of this Schedule, then unless expressly stated otherwise within the Agreement, the provision of this Schedule will prevail to the extent of such conflict.
Security Schedule. Schedule 3 to the Original Agreement is hereby amended and restated in its entirety to read as set forth as Schedule 1 hereto. TO KINGFISHER MIDSTREAM CREDIT AGREEMENT]
