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

• Formula for calculating the value of the Financial security: where Cp is the unit price of the Comparator Product as defined in Section C.

• If at any time from …… until the end of the Loan Period, the Financial security of the Storage User shall fall below the value of J determined in accordance with the formula for calculating the value of Financial security, then the Storage User shall be obliged to provide an additional bank guarantee in accordance with paragraph 1 of this Article ("Additional security") no later than within 3 Business Days after such fact, at least up to the value of J.

• In case that the Storage User fails to provide the full amount of Financial security to the Storage Operator by the deadline specified the previous paragraph, then the Storage User shall lose its entitlement to the auctioned storage capacity with the gas, the Contract expires and the storage capacity shall become the available storage capacity without compensation to the Storage User.

• The Storage Operator may refuse the gas transfer, if the transfer would result in a failure to meet the Financial security conditions under Article VIII.

• If the Storage User breaches the obligation to provide the Financial security pursuant to Article VIII.

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 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 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 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 (i) any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest, collateral-trust certificate, preorganization certificate of subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, or fractional undivided interest in oil, gas, or other mineral rights; (ii) any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities, including any interest therein or based on the value thereof; (iii) any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency; (iv) in general, any interest or instrument commonly known as a "security"; or (v) any certificate of interest or