Security for Performance. In the event that Exhibit A Section 4 indicates the need for Consultant to provide additional security for performance of its duties under this Agreement, Consultant shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.
Security for Performance. The Owner hereby assigns its interest in the rents from the Project to TCAC as security for the performance of the Owner's obligations under this Agreement. However, until and unless the Owner defaults in its obligations under this Agreement, the Owner is entitled to collect, retain and apply such rents.
Security for Performance. In the event that Exhibit A Section 5 indicates the need for Contractor/Service Provider to provide additional security for performance of its duties under this Agreement, Contractor/Service Provider shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.
Security for Performance. Prior to the Operation Date and thereafter for the full term of this Agreement, Seller will provide Idaho Power with the following:
Security for Performance. The Company and Purchaser hereby ------------------------ acknowledge (a) that Purchaser has agreed to pledge the Shares to secure the payment of all obligations existing under the Note whether for principal, interest, fees, expenses or otherwise and/or to ensure Purchaser's compliance with the terms and conditions of this Agreement and the Pledge Agreement and (b) that in connection with such pledge, Purchaser shall enter into the Pledge Agreement as of the Closing Date requiring that the certificates evidencing the Shares (the "Certificates") be held by the Company as security for the payment of all obligations existing under the Note, whether for principal, interest, fees, expenses or otherwise, and for Purchaser's compliance with the terms and conditions of this Agreement and the Pledge Agreement. Subject to compliance with the terms and conditions of this Agreement and of the Pledge Agreement, Purchaser shall exercise all rights and privileges of the registered holder of the Shares held by the Company pursuant to the Pledge Agreement and shall be entitled to receive any dividend or other distribution thereon.
Security for Performance. 6.1 Seller’s Support.
Security for Performance. Affiliated Airline (or Airline on behalf of Affiliated Airline) shall provide the Authority, on the Effective Date, with a direct pay irrevocable letter of credit or other similar security acceptable to the Authority (“Payment Security”) under the terms and conditions of the Space Rental Agreement as if such terms and conditions were set forth herein and applicable to Affiliated Airline and its Air Transportation Business at the Airport hereunder. Airline may provide a single Payment Security for both its obligations and those of Affiliated Airline.
Security for Performance. SECTION 10.1. GUARANTOR. 98
Security for Performance. Each Affiliated Partner Group (the "Pledgor Group") shall and hereby does pledge and grant to the other Affiliated Partner Group (the "Pledgee Group") a first priority lien on and security interest in the Pledgor Group's Interests in the Partnership as security for the satisfaction of all the Pledgor Group's liabilities and the payment and performance of all the Pledgor Group's obligations and duties under this Agreement. At any time and from time to time, the Pledgor Group also will promptly execute and deliver all such further agreements, instruments and documents and take all such further action that may be necessary or desirable or that the Pledgee Group may reasonably request in order (i) to perfect and protect the lien and security interest created hereby, including the execution and filing of appropriate financing statements and
Security for Performance. No later than the Effective Date, Xxxxxxxxx’x shall provide a performance bond in the amount of one million five hundred thousand dollars ($1,500,000.00) representing the estimate of the security required to assure Xxxxxxxxx’x faithful performance of all obligations hereunder. The performance bond shall apply to all obligations hereunder, regardless of whether additional security for the performance of any obligation as to any or all portions of the Quarry is provided elsewhere in this Agreement. The performance bond shall be issued in favor of the City in case of breach of any obligation by Xxxxxxxxx’x hereunder (following the notice and cure provisions of Section 10.4 herein) to guarantee compensation for any costs and damages incurred by the City in performing Xxxxxxxxx’x obligations hereunder. However, if the XXXXX xxxx referenced in Section 9.7 is increased above nine hundred ninety eight thousand nine hundred and seventy two dollars ($998,972.00), the amount of the performance bond under this Section shall be reduced by a dollar for dollar amount, though in no event shall the performance bond hereunder be less than one million dollars ($1,000,000.00.)
