Current Security definition

Current Security shall have the meaning set forth in Appendix 1 hereto.
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Current Security means: if Termination occurs during the Construction Period, the Construction Security or if Termination occurs after the Construction Period, either of the (i) Operation Security (if Handover Security not provided by Concessionaire) or (ii) the Handover Security (if provided by Concessionaire);
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Examples of Current Security in a sentence

  • If the Excess Market Exposure Security amount is less than zero, the Provider may request, and the T&D must return within three (3) Business Days of Provider’s request, an amount of Provider’s security equal to the absolute value of the Excess Market Exposure Security amount; provided, however, under no circumstances shall the T&D be required to return an amount of security that would result in the Current Security amount equaling less than the applicable Base Security amount.

  • To the extent that the applicable Guaranty Cap is greater than the Current Security amount, but less than the Excess Market Exposure Security amount plus the Current Security amount, then the Provider may increase the corporate guaranty to the Guaranty Cap amount, and furnish a letter of credit or cash to secure the amount that the Excess Market Exposure Security amount plus the Current Security amount exceeds the Guaranty Cap amount.

  • In accordance with the terms of the MPUC’s RFP and the provisions of this Agreement, Provider must provide Excess Market Exposure Security to T&D if the positive difference between (i) the replacement cost of Standard Offer Service supply and (ii) the Provider’s committed supply cost exceeds the amount of Current Security furnished by Provider.

  • Lender's security interests in the Collateral shall be evidenced by the Current Security Documents and by such other security agreements, Uniform Commercial Code financing statements, certificates of title, trust deeds and other security documents covering the Collateral as Lender may at any time require.

  • Upon Tenant’s execution and delivery of this Amendment to Landlord, Tenant shall deliver to Landlord a cash security deposit in the amount of $111,373.00 (the “New Security Deposit”), and upon Landlord’s receipt of the New Security Deposit, Landlord shall return to Tenant the unapplied portion of the Current Security Deposit.

  • In accordance with the terms of the MPUC’s RFP and the provisions of this Agreement, Provider must provide Excess Market Exposure Security to T&D if the positive difference between (i) the replacement cost of TOU Offer Service supply and (ii) the Provider’s committed supply cost exceeds the amount of Current Security furnished by Provider.

  • In connection with the foregoing, on or before June 1, 2028, Tenant shall be required to deliver to Landlord an amendment to the Amended L-C (in form and content reasonably acceptable to Landlord) in order that the Amended L-C, as amended, is increased by $273,106.20 to an aggregate total of $524,147.25, and Landlord shall continue to hold the Current Security Deposit.

  • Assignor acknowledges the transfer and assignment of all its right, title, and interest in, to, or under the Current Security Deposit deposited with Landlord as a security deposit under Article 5 of the Lease to Assignee.

  • Tenant hereby agrees and covenants to use all such released Current Security Deposit Funds for working capital purposes.

  • Signature of witness: Name of witness: Address of witness: Occupation of witness: Address for notices: Address: Fax: [Full Name of Current Security Agent] By: Date: To: [Insert full name of current Security Agent] for itself and each of the other parties to the Intercreditor Agreement referred to below.

Related to Current Security

  • Investment security means a marketable obligation in the form of a bond, note, or debenture, commonly regarded as an investment security and which is salable under ordinary circumstances with reasonable promptness at a fair value.

  • Component Security means with respect to an Index, each component security of that Index.

  • Equivalent Security means any Security issued by the same entity as the issuer of a subject Security, including options, rights, stock appreciation rights, warrants, preferred stock, restricted stock, phantom stock, bonds, and other obligations of that company or Security otherwise convertible into that Security. Options on Securities are included even if, technically, they are issued by the Options Clearing Corporation or a similar entity.

  • Parent Securities has the meaning set forth in Section 4.02(b)(ii).

  • Government Security means book-entry Treasury securities (as defined in Subpart 0 of Treasury Department Circular No. 300, 31 C.F.R. 306) and any other securities issued or guaranteed by the United States government or any agency or instrumentality of the United States government.