Project Security definition

Project Security means Development Security or Performance Assurance.

Project Security means all real and personal property which is subject or is intended to become subject to the security interests or liens granted by any of the Security Documents.

Project Security means Development Security or Performance Assurance. “Punch List” has the meaning set forth in Section 2.04(k).

Examples of Project Security in a sentence

• To secure its performance of its obligations under this Agreement, and until released as provided herein, Seller hereby grants to SCE a present and continuing first-priority security interest (“Security Interest”) in, and lien on (and right of setoff against), and assignment of the Project Security and any and all proceeds resulting therefrom or from the liquidation thereof, whether now or hereafter held by, on behalf of, or for the benefit of SCE.

• Except as may be provided or limited by this Agreement, the obligations which by their nature are intended to survive termination of this Agreement, including representations, warranties, covenants and rights and obligations with respect to audits, indemnification, payment, settlement, confidentiality, remedies, limitation of liabilities, posting of Project Security, dispute resolution, and limitations on sales, shall so survive.

• Except as may be provided or limited by this Agreement, the obligations which by their nature are intended to survive termination of this Agreement, including representations, warranties, covenants and rights and obligations with respect to audits, indemnification, payment, settlement, confidentiality, remedies, limitation of liabilities, posting of Project Security, dispute resolution, and limitations on third party sales, shall so survive.

• Upon the occurrence of a Letter of Credit Default, Seller shall provide to SCE alternative Project Security on or before the third (3rd) Business Day after the occurrence thereof (or the fifth (5th) Business Day after the occurrence thereof if only clause (a) under the definition of Letter of Credit Default applies).

• Cash proceeds received by SCE from drawing upon the Letter of Credit shall be deemed Project Security for Seller’s obligations to SCE, and SCE shall have the rights and remedies set forth in this Agreement with respect to such cash proceeds.

• SCE shall have the right to sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise use in its business any cash that it holds as Project Security hereunder, free from any claim or right of any nature whatsoever of Seller, including any equity or right of redemption by Seller.

• Interest shall accrue at the Interest Rate on any Project Security posted in cash and shall be due and payable by CHGE to Owner, concurrently with the return of such collateral to Owner in accordance with the terms of this Agreement.

• Upon the occurrence of a Letter of Credit Default, Owner shall provide to CHGE alternative Project Security on or before the third (3rd) Business Day after the occurrence thereof.

• This account shall be titled in the Agent’s name and shall be designated of record “(Name of Project) Security Deposit Account”.

• In the event that CHGE uses the cash collateral to recover damages payable to CHGE from Owner, other than to satisfy a Termination Payment, Owner shall replenish cash collateral to (or otherwise post a Letter of Credit that, when combined with the cash collateral, equals) the full Project Security amount.

More Definitions of Project Security

Project Security means any Property expressed to be subject to any Lien created or purported to be created under any of the Security Documents.

Project Security means any Encumbrance over all or any of the Assets or the Company (or both, as the case may be) which the Board has approved as Project Security;

Project Security means any Security Interest over all or any Joint Venture Property which is either detailed in Appendix B, granted in the Deed of Trust or that the Participants agree in writing is to be Project Security.

Project Security means Encumbrances in favour of any Project Lenders (or agent or trustee on their behalf) as security for the payment and performance, when due, of the obligations of Taseko or any of its Affiliates under any Project Financing.

Project Security classification guide» means the part of the project security instructions which identifies the elements of the project that are classified and specifies their security classification levels.

Project Security means the security for the obligations of Elgaugol OOO in the form of a pledge over 49% interest in the charter capital of Elgaugol OOO as provided by OJSHC Yakutugol and in the form of a pledge over 100% of the assets of Elgaugol OOO.