Security Cover definition

Security Cover has the meaning given to it in Clause 6.3;
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Security Cover means security cover (if any) provided by the User to SONI under Clause 6 of this Agreement;
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Security Cover has the meaning given to that term in Section 1.1 of Schedule 11;
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Examples of Security Cover in a sentence

  • The amount of Security Cover shall be the amount calculated under Clause 6.4 and notified in writing by ESB to the VIPP Supplier from time to time.

  • If its credit rating ceases to be an Approved Credit Rating, then the VIPP Supplier must within 10 Business Days of it so ceasing provide the Security Cover referred to in Clause 6.3.

  • Notwithstanding the foregoing provisions of this Clause, ESB, at its sole discretion, may accept an alternate form of Security Cover.

  • If the agreement is terminated arising from non-delivery of Security Cover under the terms of this Clause 6.1, the VIPP Supplier shall remain liable for 1 month’s Option Charge.


More Definitions of Security Cover

Security Cover means, with respect to a Counterparty, security for the payment obligations of such Counterparty to the Transporter under the Agreements entered into between such Counterparty and the Transporter in form and substance acceptable to the Transporter, and may take the form of a Letter of Credit, a Qualifying Guarantee, a Term Cash Deposit with Term Deposit Agreement or a Demand Cash Deposit with a Demand Deposit Agreement or a Charged Account with an Account Charge or such other form of security as may be acceptable to the Transporter, pursuant to Section 3.2;
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Security Cover means, in respect of each Providing Member, the aggregate amount for the time being which it shall be required by the Executive Committee to provide and maintain by way of security in accordance with Part 3;
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Security Cover. The Security Cover contains two separate elements: firstly, a right to cancel the Subscription agreed with SkiStar, and secondly, Activity Insurance for the Subscriber provided by ERV (see definition of "Activity Insurance"). See terms and conditions below in paragraph 8 and further information on the Security Cover at xxxxx://xxx.xxxxxxx.xxx/en/winter/skipass/skistar- all-year/security-cover/. Swish: Getswish AB, reg. no. 556913-0000, Xxxxxxxxxx 0, 000 00 Xxxxxxxxx. Outward Journey: The time of departure indicated on the Confirmation or the travel document.
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Security Cover means on any day, the amount which is obtained by dividing:
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Security Cover means, with respect to a Counterparty, security for the payment obligations of such Counterparty to Uisce Éireann under the Agreements entered into between such Counterparty and Uisce Éireann in form and substance acceptable to Uisce Éireann, and may take the form of a Letter of Credit, a Performance Bond, a Qualifying Guarantee, a Charged Account with Account Charge, and a Cash Deposit with Deposit Agreement or such other form of security as may be acceptable to Uisce Éireann pursuant to Section 3.2;
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Security Cover means, in respect of a Quarter Date, the ratio of (i) the Appraised Security Value for that Quarter Date to (ii) the aggregate Cost Price element of all Deferred Sale Prices outstanding on such Quarter Date minus (A) the balances standing to the credit of the Retention Account and Mandatory Prepayment Account as at that Quarter Date and minus (B) the amount, not to exceed $10,000,000 (or its equivalent), by which the sum of all Cash and Cash Equivalent Investments exceeds $15,000,000 (or its equivalent).
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Security Cover means, as at the relevant calculation date, the ratio, expressed as a percentage, of:
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