Use of Security Sample Clauses

Use of Security. If, under the terms of this Agreement, the Municipality finds it necessary to draw on any of the securities posted, or the Developer fails to renew any securities or provide additional ones where required, then the Municipality shall have the right to treat the Developer as being in breach of this Agreement and, in addition to any other rights under this Agreement, the Municipality shall be entitled to prohibit any further Pre- Servicing Works being carried out on the Lands until the securities have been restored, renewed or increased as required. Further, the Developer acknowledges that irrespective of the manner in which the amount of the security was calculated, the cash or letter of credit has been lodged to secure all obligations of the Developer and the security may be used to complete any aspect of the Pre-Servicing Works to the exclusion of any other aspect thereof, to return the Lands to their pre-construction state if deemed appropriate, or to fulfill any other obligation under this Agreement, irrespective of the manner in which the original value was calculated or the obligation described.

Use of Security. Con Edison may draw upon the security and/or exercise any and all rights in respect of such security as provided in this Agreement and in the security instrument.

Use of Security. The Gas Distributor has the right to use, set‐off, appropriate, apply and realize the security, or any part of it, provided to the Gas Distributor by the Gas Vendor upon there occurring an Event of Default of the Gas Vendor under this Agreement or under any Incorporated Agreement by doing any one or more of the following: (i) taking possession of the security and any cash deposits by any method permitted by law; (ii) setting off or otherwise dealing with the security and any cash deposits; (iii) drawing on letters of credit; (iv) demanding payment on guarantees; (v) exercising any and all of the rights and remedies granted pursuant to the Personal Property Security Act (Ontario) and any other applicable legislation, or otherwise available at law or in equity; and (vi) filing such proofs of claim and other documents as may be necessary or advisable in order to have its claim lodged in any bankruptcy, winding‐up or other judicial proceedings relating to the Gas Vendor. No right, power or remedy of the Gas Distributor (whether granted herein or otherwise) shall be exclusive of or dependent on or merge in any other right, power or remedy, but all such rights, powers and remedies may from time to time be exercised independently or in combination. The Gas Vendor shall remain liable for all obligations, indebtedness and liabilities owing by it to the Gas Distributor that are outstanding following realization of all or any part of the security.

Use of Security. Unless otherwise indicated in this Agreement, including Section 12.2, Buyer shall be entitled to draw upon the Collateral posted by Seller for any obligation of Seller arising under this Agreement that is not paid when due, whether or not an Early Termination Date or other termination of this Agreement in compliance with the terms hereof has been declared. Notwithstanding the foregoing, amounts contained in the Delay Damages Escrow Account shall only be drawn upon by Buyer pursuant to Section 5.4(a).

Use of Security. Dominion shall be allowed to collect any funds due and owing by Xxxxxxxxxxxx to Dominion from the performance security provided under this Article 11 that are not paid in a timely manner, and Xxxxxxxxxxxx shall be obligated to replenish the security after any such withdrawal. ARTICLE 12

Use of Security. In accordance with Article III, City may use all or any portion of this Security to fund the costs associated with the City’s performance of any of the maintenance activities for the Project’s SWMFs.

Use of Security. Deduct forthwith from any security posted by the Engager the monies payable under Clause 48:13(B).

Use of Security. 8.2.1 The Landlord shall be entitled to call upon the Security in respect of all claims pertaining to the Lease and this Agreement against the Tenant. The Security shall also cover claims by the Landlord after the end of this Agreement, e.g. for loss of Rent, claims for damages, Interest or costs of legal action caused by any unauthorised late vacation of the Total Leased Area by the Tenant at the end of this Agreement. 8.2.2 Insofar as the Landlord makes use of the Security during the term of this Agreement, the Tenant shall be obliged to increase it again to the agreed amount. If the Tenant does not replenish the Security to the agreed amount within two months, the Landlord shall be entitled to terminate this Agreement without notice (Section 3.2.2.e).

Use of Security. If the Customer fails to pay the Termination Charge in full when required to do so pursuant to the terms of Section 13.5.1, the Company may, in its sole discretion, use the Financial Assurances then held by or for the benefit of the Company free from any claim or right of any nature whatsoever of the Customer, including any equity or right of purchase or redemption by the Customer.

Use of Security. DNCP shall be allowed to collect any funds due and owing by Wxxxxxxxxxxx to DNCP from the performance security provided under this Article 11 that are not paid in a timely manner, and Wxxxxxxxxxxx shall be obligated to replenish the security after any such withdrawal.