Financial Security Agreement definition

Financial Security Agreement means that certain Financial Security Agreement dated , by and between Township and Developer, which agreement is attached hereto and made a part hereof as Exhibit “B.”
Sample 1Sample 2Sample 3
Financial Security Agreement means that certain Financial Security Agreement dated , 2021, by and between Township and Developer, which agreement is attached hereto and made a part hereof as Exhibit “B.”
Sample 1Sample 2Sample 3
Financial Security Agreement means that certain Financial Security Agreement, of even date herewith, by and between the Borough and Developer, which agreement is fully incorporated into and made part of this Agreement.
Sample 1

Examples of Financial Security Agreement in a sentence

  • Developer acknowledges, covenants and agrees that, in case of any bankruptcy, receivership, or voluntary or involuntary assignment for the benefit of creditors by or of Developer, the Financial Security and all interest of Developer in, to or under this Financial Security Agreement are not and shall not be considered part of the estate of Developer, to the extent permitted by law.

  • The Certificate of Completion shall be in the form substantially as set forth in Exhibit “C” attached to and made fully part of this Financial Security Agreement.

  • This Financial Security Agreement shall be governed by, and construed and enforced in accordance, with the laws of the Commonwealth of Pennsylvania, regardless of conflicts of laws principles.

  • Developer, in accordance with and pursuant to the terms of this Financial Security Agreement and at its sole cost and expense, shall establish and maintain Financial Security in the form of an irrevocable letter of credit with Financial Institution under and in accordance with the terms and conditions of this Agreement.

  • Such release authorized by Township shall be the final release of funds from the Financial Security, and shall further release Developer from and under the Financial Security and this Financial Security Agreement.

  • Any and all charges made by the Financial Institution for the establishment, creation, administration or termination of the Financial Security and/or for all other actions of the Financial Institution under, pursuant and/or related to this Financial Security Agreement are the sole responsibility of Developer and shall be billed to and paid directly by Developer, and no amount of, from or under the Financial Security may be used by or paid to the Financial Institution for such charges.

  • All claims arising from this Financial Security Agreement shall be the exclusive jurisdiction of the Chester County Court of Common Pleas or the United States District Court for the Eastern District of Pennsylvania.

  • Pursuant to §509 of the MPC, the Financial Security shall be deposited or otherwise established in and by the time provided in the Financial Security Agreement.

  • Developer shall deposit with Township or otherwise establish the Financial Security in accordance with and pursuant to the terms and conditions of this Section 6 and the Financial Security Agreement.

  • The Financial Security shall be valid, and shall be maintained by Developer in full force and effect at all times following the establishment thereof in accordance with and during continuance of this Financial Security Agreement.


More Definitions of Financial Security Agreement

Financial Security Agreement means that certain Financial Security Agreement, of even date herewith, by and between BOROUGH and DEVELOPER, which Agreement is fully incorporated into and made part of this AGREEMENT. Notwithstanding this definition and its use herein, the parties agree and acknowledge that pursuant to Resolution No. 22-07 BOROUGH has agreed to waive the posting of financial security in accordance with the MPC provided that the conditions set forth in said Resolution are met. Therefore, the parties agree and understand that no FINANCIAL SECURITY AGREEMENT shall be required at the time of execution of this Agreement provided that all other conditions and requirements are met by DEVELOPER.
Sample 1
Financial Security Agreement means that certain Financial Security Agreement, of even date herewith, by and between the Township and Developer, which agreement is fully incorporated into and made part of this Agreement.
Sample 1

Related to Financial Security Agreement

  • Canadian Security Agreement means, collectively, a security agreement and a pledge agreement, each dated as of the Original Closing Date, governed by Canadian law and securing the assets of the Loan Parties organized under Canadian Law, each duly executed by each applicable Loan Party, as the same may be supplemented, modified, amended and/or restated or replaced from time to time.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • U.S. Security Agreement means the security and pledge agreement, dated as of the Original Closing Date (as amended, restated, supplemented or otherwise modified from time to time), executed in favor of the Administrative Agent and the other “Secured Parties” described therein by each of the Loan Parties party thereto.

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F unconditionally guarantying, on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Security Agreements means the U.S. Security Agreement and the Canadian Security Agreement.

  • Guarantee and Security Agreement means that certain Guarantee, Pledge and Security Agreement, dated as of the Effective Date, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, each holder (or a representative, agent or trustee therefor) from time to time of any Secured Longer-Term Indebtedness, and the Collateral Agent.

  • Copyright Security Agreement means each Copyright Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit A.

  • Pledge and Security Agreement means the Pledge and Security Agreement executed and delivered by the Borrower and each Guarantor on the Closing Date in form and substance acceptable to the Initial Lender and the Collateral Agent, as it may be amended, supplemented, restated or otherwise modified from time to time. For the avoidance of doubt, the terms of the “Pledge and Security Agreement” shall include the terms of all Applicable Annexes (as defined in the Pledge and Security Agreement).

  • Financial Agreement means an agreement that meets the

  • Trademark Security Agreement means each Trademark Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit D.

  • Copyright Security Agreements means the Copyright Security Agreements made in favor of Agent, on behalf of itself and Lenders, by each applicable Credit Party.