Initial Security Sample Clauses

Initial Security. The Obligations of the Borrower shall be secured by: (a) the Security Agreement; (b) the Pledge Agreement; (c) the Assignment and Security Agreement; and (d) the security interest in the Collateral Account herein granted in favor of the Administrative Agent for the ratable benefit of the Lenders, and the other Liens provided in this Agreement and the other Security Documents.
Initial Security. Bidco shall procure that each member of the Group identified in Parts B1 and B2 of Schedule 2 (The Borrowers and the Guarantors) accedes as an Acceding Borrower and/or as an Acceding Guarantor and enters into the Initial Security Documents (as appropriate) on or contemporaneously with the Completion Date.
Initial Security. Initial security, in a form and amount acceptable to the Parties, for Interconnection Customer’s obligations with respect to Transmission Provider’s Interconnection Facilities (including transmission line outage costs) must be provided by Interconnection Customer to Transmission Provider prior to commencement of the construction of facilities in accordance with Articles 5.5.3, 5.6.4, and 11.5 of this Agreement. Based upon the Transmission Provider’s Interconnection Facilities as set forth in Appendix A, and Interconnection Customer’s payment under the E&P Agreement for Transmission Provider’s Interconnection Facilities, the Interconnection Customer shall provide the Transmission Provider the initial security for Interconnection Customer’s obligations with respect to the Transmission Provider’s Interconnection Facilities in the amount of $455,000 no later than July 1, 2015. The provision of such security is consistent with Article 11.5 of the Agreement. If Interconnection Customer does not promptly pay its obligations with respect to the Transmission Provider’s Interconnection Facilities, Transmission Provider may exercise its rights and remedies with respect to the security therefor. Finally, upon receipt of final payment for (or upon Transmission Provider’s determination that Interconnection Customer is owed a refund based on) the Final Invoice, in accordance with Article 12.2, the Transmission Provider will release any remaining security associated with the Transmission Provider’s Interconnection Facilities. The Transmission Provider’s Interconnection Facilities costs and/or the Construction and Payment Schedule may be subject to change if the Interconnection Customer does not meet the written notice to proceed deadline or the security deadlines set forth above. Furthermore, if the Agreement is suspended by the Interconnection Customer for any reason (e.g., Article 5.16), then additional Interconnection Studies and/or an amendment to the Agreement may be required.
Initial Security. The Borrower shall provide the Lender with the following documents (each in form and substance satisfactory to the Lender) before the Second Drop-Dead Date and the Liens constituted thereby shall secure the due payment and performance of the Loan Obligations:
Initial Security. 47 4.2. Further Assurances..................................................................................47
Initial Security. Initial security for design, procurement, and construction of Transmission Provider’s Interconnection Facilities (including transmission line outage costs) and Network Upgrades must be provided by Interconnection Customer to Transmission Provider at least thirty (30) days prior to commencement of the design and procurement, installation, or construction of facilities in accordance with Articles 5.5.3, 5.6.4, and 11.5 of this Agreement. Based upon the estimated Construction and Payment Schedule set forth below, the Interconnection Customer shall provide the Transmission Provider the initial security for design and procurement in the amount of $1,400,000 no later than May 29, 2015. Subsequently, the Interconnection Customer shall provide the Transmission Provider the initial security for construction in the amount of $2,398,000 no later than December 1, 2015. The Transmission Provider’s Interconnection Facilities cost, the Network Upgrade costs, and/or the Construction and Payment Schedule may be subject to change if the Interconnection Customer does not meet the written notice to proceed deadline or the security deadlines set forth above. Furthermore, if the Agreement is suspended by the Interconnection Customer for any reason (e.g., Article 5.16), then additional Interconnection Studies and/or an amendment to the Agreement may be required. Continuing security for the Interconnection Customer’s obligations under this Agreement for, among other things, operation, maintenance, repair, and replacement of Transmission Provider’s Interconnection Facilities (Article 10.5), potential tax liability (Article 5.17.3), and the Monthly Administration Charge (Appendix C, Section D), must be provided by Interconnection Customer at least thirty (30) days prior to the In-Service Date. Attachment Q (Creditworthiness Procedures) of the Transmission Provider’s Tariff shall apply to these continuing security obligations. Estimated construction schedule of the IC-340 Interconnecting Substation is based on a typical substation land acquisition schedule. Delays in land acquisition for the proposed IC-340 Interconnecting Substation site (such site being acceptable to GPC may delay completion of the substation. Condemnation proceedings for land acquisition may delay the construction schedule by an additional 200 days. With regard to scheduling the outage(s) necessary to interconnect the Generating Facility to the Transmission System and to construct the Network Upgrades set forth i...
Initial Security. The Obligations of the Borrower shall be secured by the Domestic Pledge Agreement, the Domestic Stock Pledge Agreement, the Irish Pledge Agreement and the Italian Guaranty, and the Euro Obligations shall be secured by the Euro Pledge Agreement and the Euro Stock Pledge Agreement.
Initial Security. To secure the due payment and performance of the Secured Obligations, the Borrower shall deliver to the Agent, or cause the delivery to the Agent of, each of the agreements, documents and instruments (each in form and substance satisfactory to the Agent) listed in Schedule 10.1 to be executed by each Restricted Group Member listed in Schedule 10.1 before the Borrower requests its first Drawdown hereunder, save and except for (a) the mortgage over the Capital Stock in Placard Pty. Ltd. to be granted by Metaca Corporation listed as item #43 in Schedule 10.1 and (b) the Deed of Charge to be granted by Placard Pty. Ltd. listed as item 47 in Schedule 10.1 and the Account Bank Deed listed as item #49 in Schedule 10.1.
Initial Security. 63 10.2 Additional Security from Restricted Group Members.................................64 10.3 Registration......................................................................65 10.4
Initial Security. The Obligations of the Borrower shall be secured by the Pledge Agreement.