Security Sum definition

Security Sum means the security:

Security Sum means the security either in the form of a Bank Guarantee or cash, provided or to be provided by the Access Seeker to the Access Provider for the provision of access to the Facilities and/or Services which amount is detailed in Clause 11(d) hereof.

Security Sum means the security, either in the form of a Bank Guarantee or cash, deposited with Pancar Bakti for the supply of Facilities listed on the Access List Determination which is more particularly described in Section 4.3; and which amount is equivalent to the Minimum Value

Examples of Security Sum in a sentence

• Towards this end, the Access Provider shall be entitled to utilise all amounts paid in advance by the Access Seeker (including the Security Sum) towards payment of Access Charges for the unexpired License Term.

• Such utilization or deduction of the Security Sum shall not be construed as set-off or counterclaim.

• TTdC shall within two (2) months of termination of the Agreement refund to the Access Seeker the Security Sum provided by the Access Seeker PROVIDED ALWAYS THAT all other amounts due and/or payable by the Access Seeker to TTdC have been paid in full; and immediately upon termination of the Agreement unconditionally waive any rights under any guarantees provided by the Access Seeker except in respect of amounts payable by the Access Seeker to TTdC as at the date of termination.

• At the request of the User and in consideration of GGT agreeing to accept this undertaking in lieu of lodgment by the User of a cash deposit in the amount of the Security Sum the Surety unconditionally undertakes to pay on demand to GGT any sum which from time to time may be demanded by GGT to a maximum of the Security Sum.

• The Security Sum deposited by the Access Seeker with Omnix and any interest thereon shall only be used for the purposes set out in Section 6.8. Omnix may at its discretion call upon or deduct the Security Sum at any time after the Due Date or upon breach of any of the Access Seeker’s obligation.

More Definitions of Security Sum

Security Sum means the security either in the form of a Bank Guarantee or cash, provided or to be provided by the Access Seeker to the Access Provider for the supply of the Access Service which amount is equivalent to the Minimum Value.

Security Sum means the security, either in the form of a Bank Guarantee or cash, deposited with Omnix for the supply of Facilities listed on the Access List OMNIX’S ACCESS REFERENCE DOCUMENT Page 12 of 49 Determination which is more particularly described in Section 4.3; and which amount is equivalent to the Minimum Value

Security Sum means security in the form of a Bank Guarantee provided or to be provided by the Access Seeker to Maxis for the supply of Access Service(s) which is more particularly described in Section 4.3.

Security Sum means such sum ascertained in accordance with the provisions of this Deed as is required to cover the costs of planning, administering and delivering the Works or such part of the Works as still remains to be delivered at any point in time which sum at the date of this Deed is agreed between the Owners and the Council as being £2,870,775 (two million, eight hundred and seventy thousand, seven hundred and seventy five pounds) ("the Initial Security Sum") as detailed in the attached Security Schedule ;

Security Sum means the amount stated in Item 5 or such reduced sum as notified by the Council under Clause 9 as the as the amount of security payable for completion of the Uncompleted Works.

Security Sum means the security in the form of a Bank Guarantee provided to, or to be provided by the Access Seeker to, the Access Provider for the supply of Facilities or Services under This Agreement;

Security Sum. Means a sum of Ringgit Malaysia One Million Two Hundred Thousand (RM1,200,000.00).