Security Sum Sample Clauses

Security Sum. SACOFA shall request the Access Seeker to provide a Security Sum which shall be for the sum stated in the respective Facilities and/or Services description. For avoidance of doubt, in event the Access Seeker does not made payment of the Security Sum, the Facilities and/or Services shall not be provided by SACOFA.
Sample 1
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Security Sum. 3.4.1 The Access Seeker shall have deposited the Security Sum as security for the performance of all the Access Seeker’s obligations under this Agreement. The amount of the initial Security Sum for each Facility or Services shall be as stipulated respective Facility or Services description. For the purpose of clarification, the Security Sum does not relieve the Access Seeker from its obligations to pay amounts to SACOFA as they become due and payable, nor does it constitute a waiver of the SACOFA’s right to suspend, disconnect, or terminate the relevant Facilities or Services due to non-payment of any sums due or payable to SACOFA.
Sample 1
Security Sum. 6.1 The Access Seeker must deposit with the CT Sabah, on or before the execution of this Access Agreement, a Security Sum of Ringgit Malaysia (RM ) as security for performance of the Access Seeker’s obligations under the Access Agreement and the observance by the Access Seeker of all stipulations, clauses and obligations on the part of the Access Seeker contained in this Access Agreement. For the purpose of clarification, the Security Sum does not relieve the Access Seeker from its obligations to pay amounts to CT Sabah as they become due and payable, nor does it constitute a waiver of the CT Sabah’s right to suspend, disconnect, or terminate the relevant Facilities or Services due to non-payment of any sums due or payable to CT Sabah.
Sample 1
Security Sum. 3.3.1 The Access Provider may request for Security Sum to be specified by the Access Provider in accordance with Condition 5.3 prior to the provision of the Service.
Sample 1
Security Sum. 5.3.1 The Security Sum shall be paid to the Access Provider within fourteen (14) days from the date of this Agreement. For the purpose of clarification, the Security Sum does not relieve the Access Seeker from its obligations to pay amounts of any invoices to the Access Provider as they become due and payable, nor does it constitute a waiver of the Access Provider’s right to suspend, disconnect, or terminate the relevant Services due to non- payment of any sums due or payable to the Access Provider and shall not be subject to any deduction or set-off unless otherwise agreed in writing by the Access Provider.
Sample 1
Security Sum. The Security Sum in the form of a Bank Guarantee or a Security Deposit under this Agreement shall be Ringgit Malaysia One Million Two Hundred Thousands (RM1,200,000.00) and payable to MYTV within fourteen (14) days upon execution of this Agreement and further subject to Condition 5.3 of this Agreement.
Sample 1

Related to Security Sum

  • Security System The site and the Work area may be protected by limited access security systems. An initial access code number will be issued to the Contractor by the County. Thereafter, all costs for changing the access code due to changes in personnel or required substitution of contracts shall be paid by the Contractor and may be deducted from payments due or to become due to the Contractor. Furthermore, any alarms originating from the Contractor’s operations shall also be paid by the Contractor and may be deducted from payments due or to become due to the Contractor.

  • Security over Lenders’ rights In addition to the other rights provided to Lenders under this Clause 25, each Lender may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Lender including, without limitation:

  • Security Services CONTRACTOR shall provide security services designed for preventing escapes, maintaining order, providing care, custody, control, supervision and management of the inmate population. A successful security program depends heavily on staff training, effective administration, and the establishment of inmate programs. The organization, staffing, and administration of the security program are vital to the Facility. The direction provided by a well-organized and clearly articulated operations manual, and emergency planning provides a solid base for successful administration. The final operations manual shall be submitted to the Bureau prior to the Service Commencement Date and shall be reviewed annually and updated as needed. Documentation of the review shall be provided annually to the On- Site Contract Monitor. Changes to the plan require written permission by the Contract Manager. The Department reserves the right to require changes to plans submitted to the Bureau.

  • Security Service Tenant acknowledges and agrees that, while Landlord may patrol the Project, Landlord is not providing any security services with respect to the Premises and that Landlord shall not be liable to Tenant for, and Tenant waives any claim against Landlord with respect to, any loss by theft or any other damage suffered or incurred by Tenant in connection with any unauthorized entry into the Premises or any other breach of security with respect to the Premises.

  • First Priority Security Interest The Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral pledged by the Borrower pursuant to the Security Agreement.

  • Security Interest and Guarantee The Holder has been granted a security interest (i) in certain assets of the Borrower and its Subsidiaries as more fully described in the Master Security Agreement dated as of the date hereof and (ii) pursuant to the Stock Pledge Agreement dated as of the date hereof. The obligations of the Borrower under this Note are guaranteed by certain Subsidiaries of the Borrower pursuant to the Subsidiary Guaranty dated as of the date hereof.

  • Security Notwithstanding anything herein to the contrary, except for Section 27, to the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

  • Security Interest and Collateral In order to secure the payment and performance of the Secured Obligations, the Debtor hereby grants to the Secured Party a security interest (herein called the “Security Interest”) in and to the following property (hereinafter collectively referred to as the “Collateral”): SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE.

  • Security Interests Absolute All rights of the Secured Parties and all obligations of the Debtors hereunder, shall be absolute and unconditional, irrespective of: (a) any lack of validity or enforceability of this Agreement, the Debentures or any agreement entered into in connection with the foregoing, or any portion hereof or thereof; (b) any change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Debentures or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection of any of the Collateral, or any release or amendment or waiver of or consent to departure from any other collateral for, or any guarantee, or any other security, for all or any of the Obligations; (d) any action by the Secured Parties to obtain, adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Collateral; or (e) any other circumstance which might otherwise constitute any legal or equitable defense available to a Debtor, or a discharge of all or any part of the Security Interests granted hereby. Until the Obligations shall have been paid and performed in full, the rights of the Secured Parties shall continue even if the Obligations are barred for any reason, including, without limitation, the running of the statute of limitations or bankruptcy. Each Debtor expressly waives presentment, protest, notice of protest, demand, notice of nonpayment and demand for performance. In the event that at any time any transfer of any Collateral or any payment received by the Secured Parties hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due to any party other than the Secured Parties, then, in any such event, each Debtor’s obligations hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. Each Debtor waives all right to require the Secured Parties to proceed against any other person or entity or to apply any Collateral which the Secured Parties may hold at any time, or to marshal assets, or to pursue any other remedy. Each Debtor waives any defense arising by reason of the application of the statute of limitations to any obligation secured hereby.

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

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