Security Payment definition

Security Payment means a security payment specified in Clause 7.3 of the Preliminary Agreement that is a way to secure performance of the Lessee’s obligations under and in connection with the Preliminary Agreement, in the meaning specified in Article 381.1 of the Civil Code of the Russian Federation;

Security Payment means any payment or distribution by or on behalf of the Company or any of its Subsidiaries, directly or indirectly, of assets of the Company or any of its Subsidiaries of any kind or character, whether in cash, property or securities, on account of the Securities, any of the other Related Documents or any Securities Amounts (including the purchase, redemption or other acquisition thereof), as a result of any collection, sale or other disposition of Collateral, or by setoff, exchange or in any other manner.

Security Payment means money received by, and that is gross income of, the holder of a security arrangement for any loss suffered because that arrangement is not performed. A “security arrangement” is a financial arrangement that secures the holder against failure of a person to perform their obligations under another arrangement. That other arrangement does not need to be a financial arrangement. A payment made under a guarantee is a security payment.

Examples of Security Payment in a sentence

• Lessee shall pay the Rent, the Road Maintenance Fee, the Security Payment and all other charges under this Lease, if any, to Lessor at the address set forth in Section 35.

• If the Rent, the Road Maintenance Fee, the Security Payment or other charges under this Lease are not paid when due, all such amounts shall bear interest at the Default Rate from the due date until the date paid; provided that this provision shall not be construed to relieve Lessee from any default in making any Rent or other payment at the times and in the manner specified.

• The Rent, the Road Maintenance Fee and the Security Payment shall be paid in advance and are due on the first business Day of each month.

• Refunds are determined on the following scale: Cancellation Percent of Refund 12+ months prior to event 50% 6 to 12 months prior to event 25% 6 months or less prior to event 0% Security Payment and Damage Deposit 100% *Change of Date/Transfer Fee: $500.00.

• The Security Payment shall be adjusted throughout the Lease Term in accordance with Section 5.1.2 and may be otherwise adjusted as agreed to by Xxxxxx and Xxxxxx.

More Definitions of Security Payment

Security Payment means the amount which we may ask you to provide us within advance to secure a Trade;

Security Payment means a payment of two thousand dollars ($2,000) payable by the Buyer to secure its obligations under this Contract where they have made a Land Rent Lease Election; Specimen Crown Lease means the Specimen Land Rent Lease and the Specimen Standard Lease; Specimen Land Rent Lease means the specimen land rent lease annexed to this Contract; Specimen Standard Lease means the specimen standard lease annexed to this Contract;

Security Payment means Security Payment 1 or Security Payment 2, as applicable;

Security Payment means the security payment applicable in cases specified in Clauses 7.3.4, 7.3.5 hereof and represents a way to ensure the Lessee’s performance of its obligations hereunder and in connection herewith in the meaning established in Article 381.1 of the Civil Code of the Russian Federation;

Security Payment. As specified in Section 5.4.

Security Payment is funds transferred to the Agent by Offline Cashback Partner to credit the bonus remuneration (Cashback) to the Partner’s Customers, and to pay the Agent Commission; “Personal Account” is a program interface of interaction between the Partner and the Agent, which contains the data on statistics and other information as to Cashback Program and provides the opportunity of remote interaction between the Parties within the scope of the Agreement, available to the Partner following the authorization by means of his/her login and password on the Web Service website, including by means of applications.

Security Payment means an amount which we may ask you to provide us in advance to secure a Contract;