Defects Security definition

Defects Security means a bank guarantee, bond, or other form of security approved by the Council, on terms reasonably acceptable to the Council. Defects Liability Period means, the period commencing on the date of Practical Completion of a Work or Phase, and ending at a time determined by Council acting reasonably and notified to the Developer in writing at the time of issue of the Compliance Certificate for that Work or Phase.
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Defects Security means a Bank Guarantee, or a bond or other form of security to the satisfaction of the Council, acting reasonably, indexed in accordance with increases in the Defects Security Index from the date of this Deed.
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Defects Security means the Security provided by the Developer in accordance with cl.
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Examples of Defects Security in a sentence

  • The Service Provider shall track and keep a record of the total amount of time spent resolving each Incident, Defects, Security Incidents and Performance Indicator Incidents and how long it was open.

  • The Service Provider shall analyse the Incident Log to identify common recurring Incidents, Defects, Security Incidents and Performance Indicator Incidents and take such action as has been agreed with TfL to prevent their re-occurrence.

  • The Developer is liable for all defects regardless of the Defects Security held.

  • This shall include:  a description of all Incidents arising in the previous week, together with their classification and their Severity Level in the case of Incidents, Defects, Security Incidents and Performance Indicator Incidents;  a status report on all open Incidents Defects, Security Incidents and Performance Indicator Incidents; and  a description of the resolution of all Incidents, Defects, Security Incidents and Performance Indicator Incidents closed during the previous week.

  • If the Developer does not comply with a Rectification Notice, Council may do such things as are necessary to rectify the defect and may: call upon the Defects Security to meet its costs in rectifying the defect; and recover, as a debt due in a Court of competent jurisdiction, any difference between the amount of the Defects Security and the costs incurred by Council in rectifying the defect.

  • The Department can draw on the Defects Security to cover the cost of rectification if such a security is held.

  • For example, two of the confidential witnesses are Cobalt’s Chief Financial Officer (“CFO”) and Executive Vice President from June 2009 to June 2010, and its Chief Information Officer (“CIO”) from June 2012 to April 2014.

  • If the Developer does not comply with a Rectification Notice, Council may do such things as are necessary to rectify the defect and may: enter upon any part of the Land that it requires access to in order to satisfy the obligations of the Developer; call upon the Defects Security to meet its costs in rectifying the defect; and recover, as a debt due in a court of competent jurisdiction, any difference between the amount of the Defects Security and the costs incurred by Council in rectifying the defect.

  • If Council calls on the Defects Security, Council, by notice in writing to the Developer, may require the Developer to provide a further or replacement Security in an amount that, when added to any unused portion of any Security then held by Council, does not exceed the amount of the Security Council is entitled to hold at that time under this Agreement.

  • Release of Defects Security Unless: Council has made or intends to make a demand against any Security provided by the Developer in respect of any of the Works; the relevant Defects Liability Period has not expired; or the Developer is in breach of this document at the relevant time, Council, upon a written request being made by the Developer, must return the Defects Security within ten (10) business days of such a request being made.


More Definitions of Defects Security

Defects Security means the Security for rectification of defects required under clause 6.3(a).
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Related to Defects Security

  • Worthless security means a security whose cost of liquidation and delivery to the administrator would exceed the value of the security on the date a report is due under this chapter.

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Permitted Security means any Security:

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • Data Security Requirements means, collectively, all of the following to the extent relating to Data Treatment, to any privacy, security, or security breach notification requirements applicable to the Company or any Retained Subsidiary, to the conduct of the Management and Franchise Business, or to any System: (i) PCI-DSS, (ii) the Company’s and the Retained Subsidiaries’ own rules and policies and (iii) applicable Law.

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

  • Coupon Security means any Bearer Security authenticated and delivered with one or more Coupons appertaining thereto.

  • Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time:

  • Covered Security means a security as defined in Section 2(a)(36) of the Act, which includes: any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, pre-organization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

  • Information Security (GSN GISN 5) is all the means and functions ensuring the accessibility, confidentiality or integrity of information or communications, excluding the means and functions intended to safeguard against malfunctions. This includes "cryptography", "cryptographic activation", 'cryptanalysis', protection against compromising emanations and computer security.

  • Security means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.

  • Security Requirements means the requirements regarding the security of Personal Data, as set out in the Data Protection Laws (including, in particular, the seventh data protection principle of the DPA and/ or the measures set out in Article 32(1) of the GDPR (taking due account of the matters described in Article 32(2) of the GDPR)) as applicable;

  • Security Right includes any right relating to issuance, sale, assignment, transfer, purchase, redemption, conversion, exchange, registration or voting and includes rights conferred by statute, by the issuer's governing documents or by agreement.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Unregistered Security means any Security other than a Registered Security.

  • Physical Security has the meaning specified in Section 303.

  • HIPAA Security Rule as defined in 45 CFR Part 164, Subparts A and C;

  • Cyber Security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Certificated Security shall have the meaning given such term in Section 8-102(a)(4) of the UCC.

  • Privacy and Security Requirements means (a) all Privacy Laws; (b) all applicable Privacy Contracts, and (c) all applicable Privacy Policies.

  • Contract Security means any security given by the Contractor to the NCC in accordance with the Contract;

  • Cybersecurity means the measures taken to protect a computer, computer network, or computer system against unauthorized use or access.

  • Adequate security means protective measures that are commensurate with the consequences and probability of loss, misuse, or unauthorized access to, or modification of information.

  • Exempt Security means any security that is expressly exempted from the preclearance or reporting requirements of the Code, where applicable.