Examples of Adequate Assurance in a sentence
After such demand, and if title has not already transferred, the Secured Party may withhold performance until it receives such Adequate Assurance.
Any cost, expense, or charges associated with any Adequate Assurance procured pursuant to this Section shall be for the account of the party providing such.
If Buyer exceeds the credit line Seller established for Buyer, which Seller may establish and modify in its sole discretion from time to time, Seller may demand Adequate Assurance pursuant to this Section.
Amend by adding the following definitions in their appropriate alphabetical order: “Adequate Assurance” means either (i) an irrevocable stand-by letter of credit in a form and for a commercially-reasonable amount acceptable to Secured Party opened or confirmed by a Qualified Institution, or (ii) cash or prepayment in immediately available funds in a commercially-reasonable amount acceptable to the Secured Party, at the option of the party providing the Adequate Assurance.