Cost and Security Obligations Clause Samples

Cost and Security Obligations. 16 6.1 Cost Responsibilities 16 6.2 Provision and Application of Security 17 6.3 Line Outage Costs 17 ARTICLE 7. INVOICE 17 7.1 General 17 7.2 Refund of Remaining Security/Cash and Overpayment Amount 17 7.3 Payment 18 7.4 Disputes. 18 ARTICLE 8. REGULATORY REQUIREMENTS AND GOVERNING LAW 18 8.1 Regulatory Requirements 18 8.2 Governing Law 18 ARTICLE 9. NOTICES 19 9.1 General 19 9.2 ▇▇▇▇▇▇▇▇ and Payments 19 9.3 Alternative Forms of Notice 19 ARTICLE 10. FORCE MAJEURE 19 ARTICLE 11. DEFAULT 19 11.1 General 19 11.2 Right to Terminate 20 ARTICLE 12. INDEMNITY, CONSEQUENTIAL DAMAGES AND INSURANCE 20 12.1 Indemnity. 20 12.2 No Consequential Damages 21 12.3 Insurance. 22 ARTICLE 13. ASSIGNMENT 24 ARTICLE 14. SEVERABILITY 24 ARTICLE 15. COMPARABILITY 24 ARTICLE 16. CONFIDENTIALITY 24 16.1 Confidentiality 24 16.2 Term 25 16.3 Confidential Information 25 16.4 Scope. 25 16.5 Release of Confidential Information. 25 16.6 Rights 26 16.7 No Warranties 26 16.8 Standard of Care. 26 16.9 Order of Disclosure 26 16.10 Termination of Agreement. 26 16.11 Remedies 27 16.12 Disclosure to FERC, its Staff, or a State 27
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Cost and Security Obligations. 6. 1Cost Responsibilities. 6.1. 1Each Developer will be responsible for its respective Invoice Share of the EPC Costs incurred by Affected Transmission Owner in performing the EPC Services up to its Developer Common SDU Cost Cap amount. 6.1. 2Notwithstanding the requirements in Attachment S to the ISO OATT, Affected Transmission Owner shall be solely responsible for its EPC Costs in performing the EPC Services that are greater than the Developer Common SDU Cost Cap amount.
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Cost and Security Obligations 
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Related to Cost and Security Obligations

  • Collateral and Security Section 10.01.

  • Collateral and Security Documents The due and punctual payment of the principal of, premium and interest on the Notes when and as the same shall be due and payable, whether on a Payment Date, at the Maturity Date, or by acceleration, repurchase, redemption or otherwise, and interest on the overdue principal of, premium and interest on the Notes to the Holders or the Indenture Trustee under this Indenture, the Notes and the other Security Documents, and all other amounts in respect of the Secured Obligations according to the terms hereunder or thereunder, shall be secured by a security interest in the Collateral as provided in the Security Documents, which define the terms of the Liens that secure the Secured Obligations. The Issuer hereby acknowledges and agrees that the Indenture Trustee holds the Collateral in trust for the benefit of the Holders, pursuant to the terms of the Security Documents. Each Holder, by accepting a Note, consents and agrees (subject to Section 4.11) to the terms of the Security Documents (including the provisions providing for the possession, use, release and foreclosure of Collateral) as the same may be in effect or may be amended from time to time in accordance with their respective terms and this Indenture, and authorizes and directs the Indenture Trustee to enter into the Security Documents and, subject to the provisions of this Indenture, to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. The Issuer shall take any and all actions reasonably required to cause the Security Documents to create and maintain at all times, as security for the Secured Obligations of the Issuer hereunder, a valid and enforceable perfected Lien on all of the Collateral, in favor of the Indenture Trustee for the benefit of the Holders under the Security Documents. The Issuer hereby covenant (A) to perform and observe its obligations under the Security Documents and (B) take any and all commercially reasonable actions (including without limitation the covenants set forth in the Security Documents and in this Article 9) required to cause the Security Documents to create and maintain, as security for the Secured Obligations contained in this Indenture, the Notes and the other Security Documents, valid and enforceable, perfected (except as expressly provided herein or therein) security interests in and on all the Collateral, in favor of the Indenture Trustee, superior to and prior to the rights of all third Persons, and subject to no other Liens, in each case, except as expressly permitted herein or therein. The Issuer shall do or cause to be done, at its sole cost and expense, all such actions and things as may be necessary, or as may be required by the provisions of the Security Documents, to confirm to the Indenture Trustee the security interests in the Collateral contemplated hereby and by the Security Documents, as from time to time constituted, so as to render the Collateral available for the security and benefit of this Indenture and of the Notes secured hereby, according to the intent and purpose herein and therein expressed.

  • City Obligations 26.1 City shall provide full information in a timely manner regarding requirements for and limitations on projects and work tasks. With regard to subcontractor liens, City shall furnish to Engineer, within fifteen (15) days after receipt of a written request, information necessary and relevant for Engineer to evaluate, give notice of, or enforce lien. 26.2 City shall establish and update, if necessary, overall project budgets, including engineering and construction costs. 26.3 City shall furnish the services of consultants, including geotechnical engineers, when such services are requested by Engineer, reasonably required by the scope of a project, and agreed to by City. 26.4 City shall furnish all testing as required by law or the contract documents. 26.5 City shall furnish all legal accounting, auditing and insurance services as necessary for projects to meet the City’s needs and interests, after Engineer has performed requisite project management and oversight duties. 26.6 City shall provide prompt written notice to Engineer if City becomes aware of any fault or defect in a project, including any errors, omissions or inconsistencies in Engineer’s design or performance under the contract. 26.7 City shall pay Engineer in accordance with paragraph 3 and Exhibit E of this Contract, upon receipt of Engineer’s submission of monthly invoices, and satisfactory progress and performance made in accordance with the scope of work. Payments shall reflect work completed, or progress made on a project to date, on a pro rata basis. 26.8 City shall report the total amount of all payments to Engineer, including any expenses, in accordance with federal Internal Revenue Service and State of Oregon Department of Revenue regulations. 26.9 City shall guarantee access to, and make all provisions for Engineer to enter upon public and private property necessary for performance of the Scope of Work over which City exercises control. 26.10 Extra work or work on contingency tasks is not permitted unless authorized by the City in writing. Failure of Engineer to secure written authorization for extra work shall constitute a waiver of all rights to an adjustment in the Agreement price or Agreement time.

  • Surety Obligations No Borrower or Subsidiary is obligated as surety or indemnitor under any bond or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder.

  • ▇▇▇▇▇ OBLIGATIONS A ▇▇▇▇▇▇▇'s acceptance of funds directly under the Grant or indirectly through a subaward acts as acceptance of the authority of the State, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. In accordance with the legislative audit committee, DFPS can request any documentation, at any time, to be sent to DFPS to a location DFPS chooses. Examples of documentation that DFPS may request include, but are not limited to: 1. Participant files in their entirety. This includes, but is not limited to: a. Progress notes. b. Action plans. c. Registration forms. d. Surveys. e. Sign-in sheets. f. Monthly tracking forms.