Security Bank Sample Clauses
The 'Security Bank' clause establishes the rights and obligations related to a bank holding security interests on behalf of parties in a transaction. Typically, this clause outlines the bank's role as a custodian or trustee of collateral, detailing how the bank manages, releases, or enforces security assets such as cash, bonds, or other property provided to secure obligations. By clearly defining the bank's responsibilities and the procedures for handling security, this clause ensures that all parties understand how their interests are protected and how the security will be managed in the event of default or fulfillment of obligations.
POPULAR SAMPLE Copied 1 times
Security Bank of this Agreement. No prior waiver by Lender, nor any course of dealing between Lender and Grantor, shall constitute a waiver of any of Lender's rights or of any of Grantor's obligations as to any future transactions. Whenever the consent of Lender is required under this Agreement, the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender.
Security Bank without further authorization from Grantor, file a carbon, photographic or other reproduction of any financing statement or of this Agreement for use as a financing statement. Grantor will reimburse Lender for all expenses for the perfection and the continuation of the perfection of Lender's security interest in the Collateral. Grantor promptly will notify Lender before any change in Grantor's name including any change to the assumed business names of Grantor.
Security Bank. Bank of the Philippine Islands (BPI) Philippine National Bank (PNB) Chinabank Rizal Commercial Banking Corporation (RCBC) EastWest Bank United Coconut Planters Bank (UCPB) Land Bank of the Philippines (LBP) Unionbank of the Philippines (UBP)
Security Bank. INSURANCE GUARANTEE
1. At its own expense, the Contractor shall obtain and provided to the Contracting Authority, an irrevocable, payable on first request, unconditional, governed by Polish law, prepared in the form and with the contents previously approved by the Contracting Authority, Bank / Insurance Guarantee of correct execution of all obligations of the Contractor resulting from this Contract, including obligations related to claims raised by the Sub-Contractors according to art. 647(1) of the Civil Law Code. All disputes related to the security in the form of a bank or an insurance guarantee shall be settled by a common law court holding jurisdiction at the location of the main office of the Contracting Authority. This Bank / Insurance Guarantee shall be provided on the day on which the Contract is signed. Delivery of the Bank / Insurance Guarantee is a payment condition. If the guarantee is not provided within the aforementioned deadline, the Contracting Authority may consider this as the basis for withdrawal from the Contract for reasons the Contractor is responsible for. The Contracting Authority may use its right to withdraw from the Contract within 60 days after the deadline for guarantee provision. The guarantee shall be equal to 10% of the Contract Value, i.
Security Bank. (a) All attachments accessions, accessories, tools, parts, supplies, increases, and additions to and all replacements of and substitutions for any property described above.
(b) All products and produce of any of the property described in this Collateral section.
(c) All accounts, general intangibles, instruments, rents, monies, payments, and all other rights, arising out of a sale, lease or other disposition of any of the property described in this Collateral section.
(d) All proceeds (including insurance proceeds) from the sale, destruction, loss or other disposition of any of the property described in this Collateral section.
(e) All records and data relating to any of the property described in this Collateral section, whether in the form of a writing, photograph, microfilm, microfiche, or electronic media, together with all of Grantor's right, title, and interest in and to all computer software required to utilize, create, maintain, and process any such records or data on electronic media.
Security Bank. APPLICATION OF INSURANCE PROCEEDS. Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the indebtedness.
Security Bank. UCC-1 Financing Statement filed with Minnesota Secretary of State on March 7, 1994 covering Mita 3785 Copier. 113 Schedule 3.11(c) to Asset Purchase Agreement among Lind▇▇▇▇▇, ▇▇mu▇▇▇▇▇ & Hardten Ophthalmology Associates, P.A. (the "Company") Rich▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇.D., Thom▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇.D. and Davi▇ ▇. ▇▇▇▇▇▇▇, ▇.D. (collectively, the "Physician") and Vision 21, Inc. ("Vision 21") Real Property Leases and Personal Property Leases
1. See Schedules 2.1(c) and 2.1(d)
2. Copelco Capital, Inc. Leases Nos. 05 71790, 0-55▇▇▇-▇ ▇▇▇ 0608380 9998000013. Lease 0608380 9998000013 is in dispute. See Schedule 3.18. 114 Schedule 3.12 to Asset Purchase Agreement among Lind▇▇▇▇▇, ▇▇mu▇▇▇▇▇ & Hardten Ophthalmology Associates, P.A. (the "Company") Rich▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇.D., Thom▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇.D. and Davi▇ ▇. ▇▇▇▇▇▇▇, ▇.D. (collectively, the "Physician") and Vision 21, Inc. ("Vision 21") Commitments of the Company
1. None that are not disclosed elsewhere.
2. Agreements with the following payors to provide medical or health care services: *Medica *Minnesota Dept. of Human Services *Health Integrated Provider Network *Blue Cross Blue Shield of Minnesota *Preferred One *DHCS *Eye Care International *Health One *State of Wisconsin Dept. of Health and Social Services *Superior Vision Services, Inc. *North Dakota Dept. of Human Services *UCARE Minnesota *Health Span Integrated Provider Network
3. Consulting Agreement dated September 13, 1994 with M.J. ▇▇▇▇▇, O.D., P.A.
4. Adminsitrative Services Agreement dated September 13, 1994 with M.J. ▇▇▇▇▇, ▇.D., P.A. 115 Schedule 3.13 to Asset Purchase Agreement among Lind▇▇▇▇▇, ▇▇mu▇▇▇▇▇ & Hardten Ophthalmology Associates, P.A. (the "Company") Rich▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇.D., Thom▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇.D. and Davi▇ ▇. ▇▇▇▇▇▇▇, ▇.D. (collectively, the "Physician") and Vision 21, Inc. ("Vision 21") Insurance Policies; Cancellations; Outstanding Claims, Settlements or Premiums Owed; Professional Liability Insurance Denials since January 1, 1994; and All Claims since January 1, 1994 Consent of State Fund Mutual Insurance company, St. Paul ▇▇▇panies and Chubb Insurance/Federal Insurance Company maybe necessary to transfer the policies.
Security Bank. (the Bank) has agreed to lend you money as described in this agreement, and you agree to pay us back together with interest charges and fees. Your use of the account or any payment on the account indicates your acceptance of the terms of this agreement.
Security Bank. Agreement shall be effective unless given in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment.
Security Bank. As of the Effective Time, each share of Security Bank common stock issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled without consideration. Any shares of Security Bank common stock held in the treasury of Security Bank prior to the Effective Time shall be retired and cancelled.