Financial Security definition

Financial Security means Financial Security Assurance Inc., a New York stock insurance company, its successors and assigns.

Financial Security means Financial Security Assurance Inc., a New York stock insurance company.

Financial Security means, in relation to a recipient, the prevention of substantial losses of money or of value of property;

Examples of Financial Security in a sentence

• If the proceeds of the Financial Security are insufficient to pay the cost of installing or making repairs or corrections to all of the Township Improvements covered by this Agreement, the Township may, at its option, install part of such Township Improvements in all or part of the Development and may institute appropriate legal or equitable action to recover the monies necessary to complete the remainder of the Township Improvements.

• The Interconnection Customer is obligated to provide all necessary Interconnection Financial Security required under Section 11 of the GIDAP in a manner acceptable under Section 11 of the GIDAP.

• Developer shall reimburse the Township for all costs incurred in such inspections, and if Developer fails to do so, the Township shall have the right to draw upon the Financial Security to reimburse itself for such costs.

• Developer shall reimburse the Township for all costs associated with the acceptance of such Township Improvements, and if Developer fails to do so, the Township may draw upon Developer's Financial Security to reimburse itself for all costs incurred.

• Developer acknowledges that, pursuant to MPC Section 509, the Township is entitled to require the posting of Financial Security to secure the structural integrity of the Township Improvements, as well as the functioning of said Township Improvements, which are to be dedicated to the Township in accordance with the design and specifications as depicted on the final Plans (the “Maintenance Security”).

More Definitions of Financial Security

Financial Security means the financial security provided under and in accordance with the provisions of Section 2 and other provisions of this Agreement and with the provisions of Section 6 of the Development Agreement (including any additional financial security made part thereof, any increases and other adjustments thereto, and any financial security substituted therefor) and the funds representative thereof and therein.

Financial Security means having a net worth of not less than $10,000.

Financial Security. Financial Security Assurance Inc., a monoline insurance company incorporated under the laws of the State of New York, or any successor thereto.

Financial Security means a method of providing surety of financial performance and may include provision of a bond, assignment of savings, letter of credit or other financial guarantee approved by the city attorney.

Financial Security means holding financial security in a tank system or facility site and is not considered ownership of a tank system unless certain criteria of 40 CFR 280 Subpart H is met.

Financial Security means any instrument that secures the payment of amounts due and owing under this Agreement and includes, without limitation, a bank guarantee, a parent company guarantee, personal guarantee from directors, a letter of credit, security over a bank deposit, a related company guarantee, a right of set-off, a fixed charge or a fixed and floating charge. Force Majeure Event means any event or circumstance outside a person's reasonable control, and includes fire, storm, flood, earthquake, accident, war, terrorist act, labour dispute (other than a dispute solely between that person and its own staff or staff under its control), materials or labour shortage. Foundation Category 1 Digital Radio Multiplex Transmitter Licence has the meaning given to it in section 98C of the Radiocommunications Act.

Financial Security means a deposit of money, a performance bond or bank guarantee, an insurance policy or a letter of credit. "Good Industry Practice" means in relation to any undertaking and any circumstances, the exercise of that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances. "normal capability limits" means the technical limits that would normally apply to the provision of its transmission services in accordance with the STC as at the date this condition comes into force.