Operating Security definition

Operating Security is defined in Section 6.3 (Operating Security).
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Operating Security shall have the meaning provided in Section 17.1.2 of this Agreement.
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Operating Security means the ability of a Power System to withstand or
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Examples of Operating Security in a sentence

  • If the Company fails to reimburse the Agency within seven (7) Days after being notified of the Agency’s payment of any insurance premium to obtain the needed insurance cover, the Agency can enforce reimbursement from the Performance or Operating Security in effect at that time.

  • If the Performance or Operating Security is insufficient, the Agency shall deduct the cost of insurance from any amount due and payable by the Agency to the Company under this Agreement.

  • The Company shall ensure that the Operating Security is always valid and regularly renewed or extended.

  • The forms of the Performance Security and the Operating Security are set forth beginning on the following page.

  • An estimate prepared by an outside party of the dollar amounts reasonably required for: (1) all proposed construction activity, Construction Security; (2) projected traffic/security costs as described in the Plan, as Operating Security; and, (3) reclamation costs for reclamation.

  • If Operating Security is posted in the form of a Letter of Credit, such Operating Security shall be posted substantially in the form of Exhibit O attached hereto.

  • If Seller does not pay the undisputed portion of such GME Damages within the sixty (60) day time period, Avista may, at its option, draw from the Operating Security an amount equal to the GME Damages owed, or if the Operating Security is insufficient for that purpose, declare an event of Default pursuant to Section 18.1(e) of this Agreement.

  • Operating Security shall be posted before the Commercial Operation Date of this Agreement.

  • OPERATION AND MAINTENANCE 38 6.1. Operation and Maintenance Responsibilities 38 6.2. Operating Procedures 39 6.3. Operating Security 41 6.4. Company Staff 41 6.5. Planned Downtime; Maintenance Program and Schedule 41 6.6. Unplanned Downtime 42 6.7. Parties to Cooperate 42 7.

  • The Licensee shall, no later than such period after this Licence comes into force as the Commission shall direct, establish standards for ensuring day to day operating security and shall prepare a document entitled the "Operating Security Standards" which shall embody such standards.


More Definitions of Operating Security

Operating Security means the standard of operational securitystandard" described in paragraph 2 of Condition 16 of Part III;
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Operating Security has the meaning ascribed to that tern in Section 9 of this First Amendment.
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Operating Security has the meaning ascribed to that term in Section 16.2.
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Related to Operating Security

  • Existing Security means any Security granted by any Person over its Assets in respect of any Relevant Indebtedness and which is existing at the relevant Issue Date or at the time any such Person becomes a Material Subsidiary or whose business and/or activities, in whole or in part, are assumed by or vested in the Issuer or a Material Subsidiary after the relevant Issue Date (other than any Security created in contemplation thereof) or any substitute Security created over those Assets (or any part thereof) in connection with the refinancing of the Relevant Indebtedness secured on those Assets provided that the principal, nominal or capital amount secured on any such Security may not be increased;

  • voting security means any security presently entitling the owner or holder thereof to vote in the direction or management of the affairs of a person, or any security issued under or pursuant to any trust, agreement or arrangement whereby a trustee or trustees or agent or agents for the owner or holder of such security are presently entitled to vote in the direction or management of the affairs of a person.

  • participating security means a security title to units of which is permitted by an operator to be transferred by means of a relevant system;

  • restricted voting security means a restricted security that carries a right to vote subject to a restriction on the number or percentage of securities that may be voted or owned by one or more persons or companies, unless the restriction is

  • non-voting security means a restricted security that does not carry the right to vote generally, except for a right to vote that is mandated, in special circumstances, by law;

  • Existing Securities means, collectively, the Equity Securities and the Debt Securities.

  • Underlying Security means a security issued or transferred, or to be issued or transferred, in accordance with the terms of a convertible security, an exchangeable security or a multiple convertible security;

  • subordinate voting security means a restricted security that carries a right to vote, if there are securities of another class outstanding that carry a greater right to vote on a per security basis;

  • Voting Securities means any securities of the Company that vote generally in the election of directors.

  • Existing Security Agreement shall have the meaning set forth in the recitals.

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Outstanding Company Voting Securities means outstanding voting securities of the Company entitled to vote generally in the election of directors; and any specified percentage or portion of the Outstanding Company Voting Securities (or of other voting stock or voting securities) shall be determined based on the relative combined voting power of such securities;

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Controlling Secured Parties means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • Outstanding Voting Securities of any Person means the outstanding securities of such Person entitling the holders thereof to vote generally in the election of directors of such Person.

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

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

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.