Construction Security definition

Construction Security means the financial assurance specified in Section VI.A and Exhibit C-2, to be provided by the Bank Sponsor to guarantee the completion of construction and planting to establish, restore or enhance Waters of the U.S., Waters of the State, and Covered Habitat on the Bank Property in accordance with the Development Plan.

Construction Security means the performance bond and labour and material payment bond and the Subguard Policy as contemplated in GC 11.2 – BONDS AND SUBGUARD POLICY of the Construction Contract.

Construction Security has the meaning ascribed thereto in Clause 12.4.1.

Examples of Construction Security in a sentence

• Performance Security Analysis and ScheduleSpecify the amount of the Performance Security based upon the amount of Construction Security in Exhibit C-2.

• The working hours shall be as indicated on attachment Form 1.9.17.#1, "Construction Security Provisions", which shall become part of the contract documents.

• Notwithstanding anything in this Agreement to the contrary, drawing on the Construction Security Deposit shall be the sole and exclusive remedy of JPS for any liability, obligation or responsibility of the Company under this Agreement occurring or arising prior to the Commercial Operations Date.

• The Construction Security Deposit and any interest accrued thereon may be applied to the payment of liquidated damages or other Damages and accrued interest thereon.

• In the event [Choose one, as applicable: CDFW or USACE], as the holder of the Construction Security, Interim Management Security, and Performance Security, terminates its participation in this BEI, the Bank Sponsor shall provide replacement Construction Security, Interim Management Security, and Performance Security in the amount specified in this BEI within 20 calendar days’ after receiving written notice of termination from [Choose one, as applicable: CDFW or USACE].

More Definitions of Construction Security

Construction Security means the total amount of the security deposited by the Owner for completion of the Works and fulfilment of this Agreement, pursuant to section 6 of this Agreement.

Construction Security means bank guarantee provided by the Company for the purpose of securing the fulfillment of its obligations under Construction Phase.

Construction Security means the performance bond with Hospital as obligee and labour and material payment bond as contemplated in GC 11.2 - BONDS of the Construction Contract.

Construction Security means (a) a corporate guaranty from an Acceptable Guarantor for the benefit of Lessee substantially in the form of Exhibit B to the Facility Lease, or (b) an irrevocable letter of credit from an Acceptable Bank for the benefit of Lessee substantially in the form of Exhibit C to the Facility Lease, in each case, with a stated amount of twenty million Dollars ($20,000,000).

Construction Security means the insurance contemplated under GC 11.1 - INSURANCE of the Construction Contract and the performance bonds and labour and material payment bonds and the Subguard Policy as contemplated in GC 11.2 - BONDS of the Construction Contract.

Construction Security. (A) cash, (B) cash equivalents, (C) a Letter of Credit or (D) an alternative security reasonably acceptable to Landlord (or a combination thereof), in an amount equal to (x) in the case of Capital Improvements, the cost by which the budgeted cost of such Capital Improvements exceeds the Capital Improvements Threshold, and (y) in the case of a Restoration Deficiency, the amount of such deficiency.

Construction Security has the meaning given in Article 10.1.