Apply Security definition

Apply Security. The LFC may, without recourse to the Service Provider, deduct any overdue amount owed by the Service Provider under this Agreement (other than amounts that are subject to a dispute in accordance with clauses 7.6 or 7.7) from any Security, and if it does so it will promptly notify the Service Provider of the amount deducted. Any such deduction will be without prejudice to the Service Provider’s continuing obligation to maintain the Security in accordance with the requirements of clause 8.2. The Service Provider will ensure that, within ten (10) Business Days of receiving notice of such deduction, it provides any additional Security required to restore compliance with clause 8.2. THE SERVICE PROVIDER’S RESPONSIBILITIES General Responsibilities: The Service Provider will: not interfere with the reasonable use of Wholesale Services by the other customers of the LFC or any other network operator; only use the Wholesale Services for the provision of telecommunications services to Resellers and End Users and for its own internal purposes provided that any Services used for the Service Provider’s internal purposes must not comprise more than 25% of the Services to be supplied by the LFC to the Service Provider in any year, and any other purposes contemplated by this Agreement and, for the avoidance of doubt, not for any purpose that could interfere with or damage the LFC Network; and not infringe or otherwise diminish any of the LFC’s intellectual property rights in relation to the Wholesale Services.
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Examples of Apply Security in a sentence

  • REMOVAL OF ELECTRICAL AND TELECOMMUNICATIONS WIRES 33 24.1. City May Elect to Remove or Retain Wires 33 24.2. Compliance with Legal Requirements and Discontinuance of Wire Use 33 24.3. Condition of Wires 33 24.4. City’s Right to Retain Security Deposit 33 24.5. City Can Apply Security Deposit; Survival 34 25.

Related to Apply Security

  • Federal Book Entry Security means an obligation (i) issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association, or any other direct obligation of, or obligation fully guaranteed as to timely payment of principal and interest by, the United States of America, that is a book-entry security held through the Federal Reserve System pursuant to federal book entry regulations, and (ii) the perfection of a security interest in which is governed pursuant to federal regulations by Article 8 of the UCC.

  • Treasury Security means the United States Treasury security that the Treasury Dealer determines would be appropriate to use, at the time of determination and in accordance with standard market practice, in pricing the Debentures being redeemed in a tender offer based on a spread to United States Treasury yields.

  • Book-Entry Security means any Global Securities bearing the legend specified in Section 202 evidencing all or part of a series of Securities, authenticated and delivered to the Depositary for such series or its nominee, and registered in the name of such Depositary or nominee.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • Exempt Security means any: (1) direct obligation of the Government of the United States, including all state and municipal obligations; (2) bankers’ acceptance, bank certificate of deposit, commercial paper, bank repurchase agreement and other high quality short-term debt instrument; (3) shares issued by registered open-end mutual funds (including money-market funds) and unit investment trusts, in each case provided they are not Reportable Funds or ETFs (as such terms are defined herein); and (4) Securities in an account over which you do not have any direct or indirect influence or Control (note that there is a presumption that you can exert some measure of influence or control over accounts held by members of your immediate family sharing the same household, but this presumption may be rebutted by convincing evidence acceptable to the Chief Compliance Officer in accordance with this Code);