Excess Security definition

Excess Security means any Partnership Instrument that, in whole or in part and/or together with one or more other Partnership Instruments, gives rise to or is otherwise the subject of (or, but for the application of this Section 4.9, would give rise to or otherwise would be the subject of) a Prohibited Transfer. If a Partnership Instrument becomes an Excess Security, in whole or in part, as a result of a Person’s Percentage Subsidiary Ownership in a Subsidiary, such Partnership Instrument shall remain and continue to be treated as an Excess Security, without regard to any concurrent or subsequent reduction in such Person’s Percentage Subsidiary Ownership of the Subsidiary.
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Excess Security means public liability coverage above the primary security, or above any additional underlying security, up to and including the required minimum limits set forth in paragraph (b)(2) of this section.
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Examples of Excess Security in a sentence

  • Notwithstanding any contrary provision herein, in the event that the total amount of the LC outstanding plus any amount remaining in the LC Account exceeds the LC Stated Amount (“Excess Security”), then Landlord shall return the amount of the Excess Security to Tenant upon Tenant’s request to the extent that such amount is available in the LC Account.

  • Solely to the extent that any Excess Security Costs are not funded or reimbursed through the grants and in-kind provision of services and personnel contemplated in this Section 3.16, the Host Committee shall be obligated to either directly pay for, or reimburse the City for, those Excess Security Costs.

  • It is contemplated that any amounts required to be expended by the City for security under this Article 4 in excess of amounts that would normally and commonly be expended to provide for security of this nature as reasonably determined by the City ("Excess Security Costs"), will be funded through new grants from the United States Government and/or the State of North Carolina.

  • Notwithstanding any contrary provision herein, in the event that the total amount of the LC outstanding plus any amount remaining in the LC Account exceeds the LC Stated Amount (“Excess Security”), then Landlord shall return the amount of the Excess Security to Tenant upon ▇▇▇▇▇▇’s request to the extent that such amount is available in the LC Account.

  • To the extent that any Excess Security Costs are not funded through such new grants, the Host Committee shall be obligated to defray those Excess Security Costs.

  • During the pendency of an Actionable Cap Exceedance, each of the McCain Family Parties acknowledges that the number of McCain Nominees pursuant to Section 3 will be calculated excluding all Shares that are Acquired Excess Securities (for clarity, including any Shares that are subsequently issued to or Acquired by the McCain Family Parties during such period as a result of the exercise of a right under a Right to Acquire Shares that is an Acquired Excess Security).

  • This Agreement shall be binding on and inure to the benefit of the heirs, personal representatives, predecessors, successors and assigns of the parties hereto, and upon any transferee of any Excess Security who is an Associate or Affiliate of any of the Endowment Parties (such transferees being referred to herein as the “Related Transferees”) or Timon.

  • Subject to Landlord's right to apply the Excess Security Deposit to any obligations of Tenant occurring prior to July 1, 2011, Landlord shall return the balance thereof in the amount of $46,506.00 to Tenant.

  • With the exception of the Security Grant, the Host Committee shall be solely responsible for raising the sum of all necessary funds (the “Convention Funds”) and Excess Security Costs to account for all costs and expenses it incurs in hosting the Convention, all pursuant to a budget (and schedule) to be further discussed and agreed between the RNC and the Host Committee.

  • Notwithstanding any other provision in this City Agreement, the Parties agree that the City will not charge the Host Committee or the RNC for any reasonable use of City Telecom Assets and Services, except to the extent such use results in Excess Security Costs to the City that are not funded by the Security Grant, or to the extent that charges and/or permits are required by applicable law, ordinance or regulation.

Related to Excess Security

  • Excess Securities means the Corporation Securities which are the subject of the Prohibited Transfer.

  • 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.

  • 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;