Required Security definition

Required Security means the financial security required by Irish Water, as specified in the Connection Offer;
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Required Security means any Security required in relation to the Loan as detailed in the Loan Terms.
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Required Security means a clean, irrevocable and unconditional Letter of Credit issued by a bank chosen by the Reinsurer and acceptable to the Company, or such other security as may be reasonably acceptable to the Company. Risk Zone shall mean one or more geographical areas of the world, or distinct classes or lines of business other than property catastrophe, in which the Company underwrites policies. RITC shall mean a reinsurance policy or policies purchased by the Reinsurer whereby the Company, and/or a third party or third parties reasonably acceptable to the Company, commutes or assumes liability for the run-off to extinction of the policies ceded to the Company pursuant to this Contract or by a third party.
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Examples of Required Security in a sentence

  • The Company is permitted to securitize its receivables, including the receivables that form the part of Mortgaged Properties, from time to time, provided it maintains the Required Security Cover at all times during the tenor of the Debentures.

  • The Company shall provide, as and when required, a CA certificate to the Debenture Trustee confirming that the Required Security Cover for the outstanding Debenture is maintained.

  • Required Security Clearance (PSC) – The selected candidates will have to be in possession of the necessary level of Personnel Security Clearance (PSC) as specified in the respective job descriptions.

  • The Borrower shall maintain the Required Security Margin till the Final Settlement Date.

  • Required Security Clearance (PSC) – The selected candidates will have to be in possession of the necessary level of Personnel Security Clearance (PSC) as specified in the respective job description.

  • Privacy Training, Safeguarding, and Remediation (1) Required Security and Privacy Training for Contractors The Contractor must ensure that all employees take appropriate privacy training, including Subcontractors who have access to PII as well as the creation, use, dissemination and/or destruction of PII at the outset of the employee’s work on the contract and every year thereafter.

  • The restriction expires on October 18, 2023.• Required Security Council approval for Iran to export arms or to purchase any arms (major combat systems named in the resolution) for a maximum of five years from Adoption Day (October 18, 2020).

  • The suspension of service, if applied, shall continue only for as long as the default in providing the Required Security Amount or Guaranty Amount continues unremedied.

  • Required Security Officers will be arranged by the Company via their preferred security company and associated costs will be payable as per Clause 6.5 hereof.

  • If Sublandlord shall use or apply all or any part of such security deposit, Subtenant shall, immediately upon notice from Sublandlord, deliver to Sublandlord additional funds so as to restore the security deposit to the Required Security Deposit Amount.


More Definitions of Required Security

Required Security means security in the form and providing for the minimum benefits required:
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Required Security. Phase 1: $ XX,XXX Phases 2 through 4 as described in Article 8, herein. Commercial General Combined single limit per occurrence, not less than $3,000,000; Liability Insurance: Each annual aggregate limit shall not be less than $3,000,000; as more fully described in Article 9. Index: Summary Commercial Lease No. EXXXX Provisions Signature Pages Attachment A – Special Terms and Conditions Attachment B – Legal Description of Leased Premises Attachment C – Site Map(s) Attachment D – Existing Conditions Attachment E – Sage Grouse and Slickspot Peppergrass Conservation Measures Attachment F – Annual Report *This Summary Page of Lease Provisions (“Summary”) is for convenience and ease of review only. The information stated in the Summary is intended to be accurate and consistent with the contract terms set forth in the following Lease. In the event any information stated in the Summary is inconsistent with the Lease, the Lease will control. STATE OF IDAHO
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Required Security as defined in Section 6.1 hereof.
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Required Security as defined in Section 6.1 hereof. "RETROCESSION REINSURANCE CONTRACT": any reinsurance certificate, retrocession agreement or other instrument of reinsurance ceded by the Company with respect to Assumed Reinsurance Contracts, other than this Agreement. "Settlement Report": as defined in Section 8.1 hereof. "Settlement Value": the positive or negative amount equal to (a) the Commutation Value, SUBTRACTED FROM (b) an amount equal to the total payments by the Retrocessionaire to the Company under Section 2.2 or Section 2.3 hereof MINUS Paid Losses. "Subsidiary": Xxxxxx Insurance Company or Skandia Canada Reinsurance Company. "Term of this Agreement": the period commencing with the Effective Time and ending with the later to occur of (i) the Commutation Date and (ii) the making of all payments due hereunder. "Termination Notice": as defined in Section 9.1 hereof. "Unallocated Loss Adjustment Expenses": the costs and expenses (excluding Losses) incurred by the Company of office administration, salaried employees and third party consultants, other than legal counsel, medical consultants, claim adjusters and other consultants employed in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of specific Gross Incurred Losses or in contesting the validity of or the Company's payment obligations under Assumed Reinsurance Contracts. "Uncollectible Reinsurance Recoverables": with respect to a balance sheet of the Company as at any balance sheet date which is relevant under this Agreement, the amount included in the Company's provision for potentially uncollectible reinsurance recoverables in its GAAP financial statements as at such date with respect to Reinsurance Recoverables. 3 <PAGE> 22 ARTICLE 2
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Required Security means an amount of Security equal to the lesser of (i) the Additional Cost Exposure as of the Cost Evaluation Date, as adjusted pursuant to Section 10.2.3, pending resolution of Cost Disputes described in such Section 10.2.3 respecting the Expected Cost of the Facilities contained in the Independent Engineer’s First Security Determination Report, and (ii) three hundred million Dollars ($300,000,000).
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Required Security means the Security Documents detailed in Schedule 4.
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Related to Required Security

  • Preferred Security means a preferred security of the Trust, denominated as such and representing an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the terms provided therefor in this Trust Agreement.

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Permitted Security means any Security:

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Federal covered security means a security that is, or upon completion of a transaction will be, a covered security under Section 18(b) of the Securities Act of 1933 (15 U.S.C. Section 77r(b)) or rules or regulations adopted pursuant to that provision.

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • exchange-traded security means a security that is listed on a recognized exchange or is quoted on a recognized quotation and trade reporting system or is listed on an exchange or quoted on a quotation and trade reporting system that is recognized for the purposes of National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules;

  • Physical Security has the meaning specified in Section 303.

  • Mortgage-backed security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.