Operations Security Deposit definition

Operations Security Deposit shall bear the meaning ascribed thereto in Section 8.6(c);
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Operations Security Deposit. The meaning ascribed thereto in Clause 9.4.7(c) “OUR” – The meaning ascribed thereto in Clause 3.2.
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Operations Security Deposit has the meaning set forth in Section 8.2 (b). “Performance Security Deposit” has the meaning set forth in Section 8.2 (a).
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Examples of Operations Security Deposit in a sentence

  • If, upon the termination of this Agreement, there shall be any Dispute between the Company and JPS that has been referred to an expert for determination or is being arbitrated pursuant to the Agreement, then JPS shall deposit into an escrow account an amount from the Operations Security Deposit equal to the damages or monies that JPS, in its reasonable judgment, deems sufficient to satisfy any amount that may be due to JPS by reason of such Dispute.

  • Upon termination of this Agreement, JPS shall be entitled to retain or collect, as the case may be, from the Operations Security Deposit and any interest accrued thereon, any damages or monies then due or reasonably expected to be due to JPS by the Company, and the remainder of the Operations Security Deposit and accrued interest thereon, if any, shall be paid or returned to the Company.

  • The Company shall ensure that there shall be no discontinuity between the expiration of the Construction Security Deposit and the effectiveness of the Operations Security Deposit.

  • The amount of the Operations Security Deposit shall be adjusted from time to time in accordance with Schedule 6.

  • The Company shall maintain the Operations Security Deposit at the designated level at all times; provided that the Company shall have ten (10) Days from the date JPS gives notice to the Company that it has retained or collected funds from the Operations Security Deposit pursuant to this Clause 9.4.7(c) to replenish the Operations Security Deposit so as to return it to the original level, as adjusted.

  • In case of inability of the Company to make such payment within the stipulated time period of thirty (30) days, BPDB shall have the right to encash the Operations Security Deposit, if any available, as on that date and appropriate the proceeds of such encashment towards the payment due from the Company.

  • The Operations Security Deposit may be applied to (i) the payment of liquidated damages payable by the Company under this Agreement and accrued interest thereon, and (ii) the payment of other Damages and interest that the Company shall be required to pay to JPS; provided that, in the case of the amounts described in sub-clauses (i), and (ii) above, if the Operations Security Deposit is insufficient to satisfy such amounts, then the Company shall immediately pay to JPS on demand the unsatisfied amounts.

  • Within thirty (30) days following the COD, the Company shall provide the Operations Security Deposit (in an amount equivalent to two (2) Months of Tariff Payment based on 80% plant factor of Contracted Capacity of the Facility) to Bangladesh Power Development Board (BPDB) securing the Company’s payment obligations under the PPA.

  • The Operations Security Deposit shall be in a similar form to those permitted in Clause 9.4.7(a) for the Construction Security Deposit.

  • If the Company does not pay to GPL the entire amount of liquidated damages shown on the Final Liquidated Damages Invoice plus accrued interest on the Liquidated Damages Due Date, (a) GPL may immediately deduct any unpaid amount from the Operations Security Deposit, as appropriate, and (b) the Company shall pay GPL interest on any unpaid amount at the Default Rate from the Liquidated Damages Due Date until the date such amount is paid in full.


More Definitions of Operations Security Deposit

Operations Security Deposit has the meaning set forth in Article 8.2 (b).
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Related to Operations Security Deposit

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Security Deposit Account has the meaning given in Section 5.1.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Rent Reserve means, with respect to any store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two (2) months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Initial Reserve Account Deposit means $3,250,000.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.