Xxxxxx Security Sample Clauses

Xxxxxx Security. (a) If, pursuant to the provisions of the Collateral Trust Agreement, the Collateral Trustee's Liens upon the Shared Collateral are released in whole (such event, the "Xxxxxx Security Event"): (1) the Subsidiary Guarantees of the Subsidiary Guarantors will be released in their entirety; (2) the Xxxxxx Subsidiary and the Xxxxxx Collateral Trustee shall file a mortgage on the Xxxxxx Collateral substantially in the form of Exhibit B hereto for the benefit of the present and future holders of the Series 2004A Bonds and any other Permitted Secured PEDFA Bond Indebtedness on an Equal and Ratable Basis, and the Series 2004A Bonds will thereafter be secured by Liens upon the Xxxxxx Subsidiary's rights in the Xxxxxx Collateral; (3) the Series 2004A Bonds will continue to be guaranteed by the Company as provided in Article 3 of this Guarantee Agreement; (4) the Xxxxxx Collateral Trust Agreement with the Xxxxxx Collateral Trustee will become operative, which Xxxxxx Collateral Trust Agreement will set forth the terms on which the Xxxxxx Collateral Trustee will receive, hold, administer, maintain, enforce and distribute the proceeds of all Liens upon any Xxxxxx Collateral at any time delivered to it, in trust for the benefit of the present and future holders of the Series 2004A Bonds and any other Permitted Secured PEDFA Bond Indebtedness on an Equal and Ratable Basis; and (5) the Xxxxxx Subsidiary will deliver all notices and certificates required under Section 2.06 of the Xxxxxx Collateral Trust Agreement to designate all then existing Bonds that are supported by Permitted Secured PEDFA Bond Indebtedness, and related Obligations, as Secured Obligations under the Xxxxxx Collateral Trust Agreement. (b) Upon the occurrence of the Xxxxxx Security Event and the application of Section 13.01(a), the punctual payment of (i) the principal or purchase price of, premium and interest on the Series 2004A Bonds and all other Permitted Secured PEDFA Bond Indebtedness, (ii) interest on overdue principal or purchase price of, premium and interest on, all other Permitted Secured PEDFA Bond Indebtedness and (iii) the performance of all other obligations of the Xxxxxx Subsidiary under the Xxxxxx Secured Debt Documents will be secured Equally and Ratably by Liens granted to the Xxxxxx Collateral Trustee upon the Xxxxxx Subsidiary's rights in the Xxxxxx Collateral.
AutoNDA by SimpleDocs
Xxxxxx Security. A Free Key Card (if applicable) will be issued to access the front door of the Residence. Should you lose your Key Card, please inform the Park Central Lifestyle (PCL) Management immediately. A new replacement card will be issued at a cost of R200.00.
Xxxxxx Security. 13.1 You shall be responsible for ensuring that You/You advise Your travellers that they, are obliged to: 13.1.1 Respect and comply with all directions issued by Club Med’s staff, Service Providers or representatives, including those relating to safety and security. 13.1.2 Conduct themselves in a way, which is in accordance with the code of conduct of any Resort and/or in a manner, which is not contrary to public order or to accepted standards of behaviour. 13.2 Club Med reserves the right to take any action it requires necessary, including to expel any traveller from a Village and claim damages for any loss suffered by Club Med, for failure of the traveller/s to behave as set out in clause 13.1 above. 13.3 You acknowledge and accept, and will ensure that all travellers acknowledge and accept that: 13.3.1 It is the traveller/s duty to familiarize himself/herself with the inherent dangers of the proposed travel and any mental and/or physical levels of health required for the proposed travel arrangements. 13.3.2 Club Med reserves the right not to serve alcohol to any traveller if it considers that it is in the best interests of Club Med, other guests and or the traveller concerned. 13.3.3 The services and activities booked need not be provided by a Service Provider if they cannot be provided without breaching any relevant law; 13.3.4 Participation in any activities and/or uses of the facilities provided by a Service Provider or the Village are at the traveller’s own risk and the traveller absolves the Service Provider and the Resort from any and all liability in contract, or in tort for any loss from any cause whatsoever (including negligence) arising from such participation and/or uses; 13.3.5 Acknowledge and assume those extra risks encountered by using facilities and/or participating in activities that intrinsically involve the possibility or risks greater than those encountered in daily life; 13.3.6 That Club Med acts merely as intermediary for the purposes of securing bookings on your behalf with the Service Providers when booking, inter alia, activities, transport and transfers on your behalf and accordingly accepts no liability in contract or in tort for any loss caused by any activity mentioned in this clause whatsoever; and 13.3.7 That the services provided by a Service Provider will be governed by the laws of the place where those services are provided and any legal action concerning those services or any claim concerning any loss arising in respec...
Xxxxxx Security. Welfare a. The Employer will pay for all mandatory social security programs such pension insurance, unemployment insurance, medical insurance of the Employee according to the relevant government and city regulations. b. During the period of the Contract, the Employee’s welfare shall be implemented accordance with the laws and relevant regulations of P.R.C.
Xxxxxx Security. Any obligation or security that (x) is a debt obligation incurred in connection with a merger, acquisition, consolidation, sale of all or substantially all of the assets of a Person, restructuring or similar transaction and (y), which debt obligation by its terms is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (other than any additional borrowing or refinancing if one or more financial institutions shall have provided the obligor on such debt obligation with a binding written commitment to provide the same) (it being understood that any such obligation or security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Security).
Xxxxxx Security. If at any time Sellers shall have any financial obligation or liability with respect to the Xxxxxx Proceedings, whether due to any Order of the LPSC or an appeal therefrom, that is materially more than that which is secured by a bond, other surety instrument or other collateral (including a standby letter of credit) previously provided by Citizens (or if no such collateral has been previously provided), Citizens shall promptly deliver to Buyer (or the appropriate Governmental Body, if required) a bond, other surety instrument or other collateral reasonably acceptable to Buyer (or, if agreement is not reached as to the form or substance of such bond or surety instrument, Citizens shall deliver to Buyer a standby letter of credit from Citibank, N.A., or other financial institution reasonably acceptable to Buyer) fully securing in all material respects the unsecured amount of such obligation or liability. If at any time any bond, other security instrument or other collateral held by Buyer in respect of the Xxxxxx Proceedings shall be materially in excess of the amount of such obligation or liability, Buyer shall cooperate with Citizens in reducing the amount of such collateral to the extent of such excess, including the release of a surety instrument previously delivered to Buyer in exchange for a substitute surety instrument in the amount of such reduced obligation or liability.
Xxxxxx Security. Seller of the Xxxxxx Property has delivered the security set out in Schedule 8.4(b) to one or more governmental authorities and/or utilities (the “Xxxxxx Security”). Purchaser covenants and agrees to undertake commercially reasonably efforts, on or prior to the Closing Date, at its sole cost, to lodge replacement security with the relevant governmental authority in replacement of the Xxxxxx Security (the Xxxxxx Replacement Security) such that the Xxxxxx Security is released to such Seller, or as it may direct, on or before Closing, failing which, such Seller covenants and agrees that its interest in such Xxxxxx Security shall be assigned to Purchaser on or before Closing, which assignment shall include, inter alia, an irrevocable direction to such relevant governmental authority directing the release of such Xxxxxx Security to Purchaser upon the satisfaction of all release conditions applicable thereto, in exchange for which such Seller shall receive a credit in the amount of such Xxxxxx Security, on the Statement of Adjustments.
AutoNDA by SimpleDocs

Related to Xxxxxx Security

  • E7 Security The Authority shall be responsible for maintaining the security of the Authority premises in accordance with its standard security requirements. The Contractor shall comply with all security requirements of the Authority while on the Authority premises, and shall ensure that all Staff comply with such requirements.

  • JOB SECURITY 23.01 Subject to the willingness and capacity of individual employees to accept relocation and retraining, the Employer will make every reasonable effort to ensure that any reduction in the work force will be accomplished through attrition.

  • User Security You agree to take every precaution to ensure the safety, security and integrity of your account and transactions when using Mobile Banking. You agree not to leave your Device unattended while logged into Mobile Banking and to log off immediately at the completion of each access by you. You agree not to provide your username, password or other access information to any unauthorized person. If you permit other persons to use your Device, login information, or other means to access Mobile Banking, you are responsible for any transactions they authorize and we will not be liable for any damages resulting to you. You agree not to use any personally identifiable information when creating shortcuts to your Account. We make no representation that any content or use of Mobile Banking is available for use in locations outside of the United States. Accessing Mobile Banking from locations outside of the United States is at your own risk.

  • Cyber Security Insurance for loss to the Owner due to data security and privacy breach, including costs of investigating a potential or actual breach of confidential or private information. (Indicate applicable limits of coverage or other conditions in the fill point below.) « »

  • Network Security The AWS Network will be electronically accessible to employees, contractors and any other person as necessary to provide the Services. AWS will maintain access controls and policies to manage what access is allowed to the AWS Network from each network connection and user, including the use of firewalls or functionally equivalent technology and authentication controls. AWS will maintain corrective action and incident response plans to respond to potential security threats.

  • Airport Security The Contractor shall be familiar with and conduct its operations in accordance with all regulations and directives of the Authority and the Transportation Security Administration, and any other federal, state or local government having jurisdiction over the airport, with respect to the maintenance of airport security.

  • Data Security The Provider agrees to utilize administrative, physical, and technical safeguards designed to protect Student Data from unauthorized access, disclosure, acquisition, destruction, use, or modification. The Provider shall adhere to any applicable law relating to data security. The provider shall implement an adequate Cybersecurity Framework based on one of the nationally recognized standards set forth set forth in Exhibit “F”. Exclusions, variations, or exemptions to the identified Cybersecurity Framework must be detailed in an attachment to Exhibit “H”. Additionally, Provider may choose to further detail its security programs and measures that augment or are in addition to the Cybersecurity Framework in Exhibit “F”. Provider shall provide, in the Standard Schedule to the DPA, contact information of an employee who XXX may contact if there are any data security concerns or questions.

  • Password Security You are responsible for maintaining adequate security and control of any and all User IDs, Passwords, hints, personal identification numbers (PINs), or any other codes that you use to access the Account. Do not discuss, compare, or share information about your account number or password unless you are willing to give them full use of your money. Any loss or compromise of the foregoing information and/or your personal information may result in unauthorized access to your Account by third-parties and the loss or theft of any funds held in your Account and any associated accounts, including your Account. Checks and electronic withdrawals are processed by automated methods, and anyone who obtains your account number or access device could use it to withdraw money from your account, with or without your permission. You are responsible for keeping your email address and telephone number up to date in order to receive any notices or alerts that we may send you. We assume no responsibility for any loss that you may sustain due to compromise of your account login credentials due to no fault of ours and/or your failure to follow or act on any notices or alerts that we may send to you. If you believe your Account information has been compromised, or that someone has transferred or may transfer money from your account without your permission, contact us immediately, through Synapse, at xxxx@xxxxxxxxx.xxx or call at +0(000) 000-0000. You agree to promptly review all Account and transaction records and other Communications that we make available to you and to promptly report any discrepancy to us.

  • Server Security Servers containing unencrypted PHI COUNTY discloses to 4 CONTRACTOR or CONTRACTOR creates, receives, maintains, or transmits on behalf of COUNTY 5 must have sufficient administrative, physical, and technical controls in place to protect that data, based 6 upon a risk assessment/system security review.

  • Not a Security None of the Notes shall be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!