Possession of a Security Sample Clauses
The 'Possession of a Security' clause defines the rights and responsibilities associated with holding a security, such as a stock certificate or bond, in physical or electronic form. It typically outlines who is recognized as the lawful possessor, how possession is transferred, and what legal implications arise from holding the security, such as the right to receive dividends or exercise voting rights. This clause ensures clarity in ownership and transfer processes, reducing disputes over entitlement and facilitating smooth transactions.
Possession of a Security. Clearance, as issued by the Delaware Department of Safety and Homeland Security, may be required of any employee of Vendor who will be assigned to this project.
Possession of a Security. Clearance, as issued by the Delaware Department of Correction, may be required of any employee of Provider who will be assigned to this Agreement.
Possession of a Security. Clearance may be required of Contractor and any employee of Contractor who will be assigned to thisproject.