Base Security definition

Base Security shall have the meaning set forth in the MPUC’s RFP.
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Base Security means either: (a) cash; (b) an irrevocable Letter of Credit that unconditionally obligates the issuer to honor claims or drafts thereunder within ten (10) Business Days after notice to the issuer of such irrevocable letter of credit; or (c) other security acceptable to T&D.
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Base Security means a security (which is a FDI, including, without limitation, a warrant, a note or a participation certificate) which is linked to or otherwise tracks the performance of (i) one or more constituent securities of the relevant Underlying Index and/or (ii) such other security or securities as may be designated by the Manager.
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Examples of Base Security in a sentence

  • Notwithstanding the foregoing, in accordance with Section 5.2, in the event of a termination by T&D prior to the Commercial Operations Date due to a Seller Event of Default under the Agreement, Seller’s liability shall be no more than the amount of the Base Security Amount.


More Definitions of Base Security

Base Security means a security which is linked to or otherwise tracks the performance of (i) one or more constituent securities of the relevant Underlying Index and/or (ii) such other security or securities as may be designated by the Manager.
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Base Security shall be [$250,000.00 (for CMP’s Large Class)] [$100,000.00 (for BHE’s Large Class)] and shall not decrease over the Term of Service.
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Base Security means a Security which is a financial derivative (including, without limitation, a warrant, a note, or a participation certificate) which tracks the performance of an Index Share or a Basket.
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Base Security is defined in the DDA.
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Base Security means the initial amount and form of financial security set forth in Annex 1.
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Base Security means a Corporate Guaranty or other Adequate Security delivered to the Agency in accordance with Section 26.2 that secures Developer’s payment and performance of all of its’ obligations under this DDA, including but not limited to its payment of Agency Costs and Community Benefits Payments and its’ Indemnification obligations;
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Related to Base Security

  • Performance Security means monetary guarantee to be furnished by the successful Tenderer for due performance of the contract placed on it. Performance Security is also known as Security Deposit or Performance Bank Guarantee.

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

  • System Security means the secure state of the Grid achieved when the System Operator acts in accordance with its principal performance obligations in relation to common quality and dispatch that are set out in Part 7 of the Code;

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • indenture security holder means a Holder.

  • Similar Security means a reference bond or reference bonds issued by the same issuer as the Reference Security having actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.