Security Fund definition

Security Fund means a letter of credit, security deposit, or comparable form of equivalent financial assurance.
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Security Fund shall have the meaning set forth in Section 11.1.
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Security Fund means the letter of credit, escrow fund, guaranty and/or other collateral that Seller is required to establish and maintain, pursuant to Section 11.1, as security for Seller’s performance under this PPA.
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Examples of Security Fund in a sentence

  • The annual salary stated in paragraph A.1 of this Contract includes the payment by the Board on behalf of the Department Chair of the Department Chair’s required contributions to the Teachers’ Retirement System of Illinois (TRS) and the Teachers’ Health Insurance Security Fund (“THIS”).

  • Any failure to draw upon the Security Fund or other security for any damages or other amounts due to EPE shall not prejudice EPE’s rights to recover such damages or amounts in any other manner.

  • The Security Fund shall be established in the amounts specified in Section 11.1, shall be maintained at Seller’s sole cost and expense, and shall be in the form described in Section 11.3(A)(1), Section 11.3(A)(2) or Section 11.3(A)(3); provided however, that Seller shall have the right at any time and from time to time to replace the forms and instruments provided with replacement forms or instruments meeting the requirements specified herein.

  • EPE must provide notice to Seller ten (10) Business Days prior to drawing such amounts from the Security Fund.

  • In addition to any other remedy available to it under this Agreement or at law, EPE may, to the extent Seller fails to perform or abide by the terms of this Agreement, or by order of a Governmental Authority of competent jurisdiction, before, on, or after termination of this Agreement, draw from the Security Fund such amounts as are necessary to recover amounts owing to EPE pursuant to this Agreement.


More Definitions of Security Fund

Security Fund means the deposit provided by the Operator to MTC prior to installation of the first new Station and as further defined in Section 15 of the Program Agreement.
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Security Fund means the Water Development Security Fund created in Section 73-10c-5.
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Security Fund has the meaning set forth in Section 2(a) of this Agreement.
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Security Fund means the security fund described in Section 5 and Appendix C hereof.
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Security Fund means a performance bond, letter of credit, cash deposit, set aside letter, or other form of security acceptable to the Administrator.
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Security Fund means the Water Development Security Fund created [by this
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Security Fund means a performance bond, letter of credit, cash deposit, or any or all of these, to the extent applicable.
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