Security for Performance Sample Clauses

Security for Performance. The Owner hereby assigns its interest in the rents from the Project to TCAC as security for the performance of the Owner's obligations under this Agreement. However, until and unless the Owner defaults in its obligations under this Agreement, the Owner is entitled to collect, retain and apply such rents.

Security for Performance. In the event that Exhibit A Section 4 indicates the need for Contractor/Service Provider to provide additional security for performance of its duties under this Agreement, Contractor/Service Provider shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.

Security for Performance. Prior to the Operation Date and thereafter for the full term of this Agreement, Seller will provide Idaho Power with the following:

Security for Performance. The Company and Purchaser hereby ------------------------ acknowledge (a) that Purchaser has agreed to pledge the Shares to secure the payment of all obligations existing under the Note whether for principal, interest, fees, expenses or otherwise and/or to ensure Purchaser's compliance with the terms and conditions of this Agreement and the Pledge Agreement and (b) that in connection with such pledge, Purchaser shall enter into the Pledge Agreement as of the Closing Date requiring that the certificates evidencing the Shares (the "Certificates") be held by the Company as security for the payment of all obligations existing under the Note, whether for principal, interest, fees, expenses or otherwise, and for Purchaser's compliance with the terms and conditions of this Agreement and the Pledge Agreement. Subject to compliance with the terms and conditions of this Agreement and of the Pledge Agreement, Purchaser shall exercise all rights and privileges of the registered holder of the Shares held by the Company pursuant to the Pledge Agreement and shall be entitled to receive any dividend or other distribution thereon.

Security for Performance. Affiliated Airline (or Airline on behalf of Affiliated Airline) shall provide the Authority, on the Effective Date, with a direct pay irrevocable letter of credit or other similar security acceptable to the Authority (“Payment Security”) under the terms and conditions of the Space Rental Agreement as if such terms and conditions were set forth herein and applicable to Affiliated Airline and its Air Transportation Business at the Airport hereunder. Airline may provide a single Payment Security for both its obligations and those of Affiliated Airline.

Security for Performance. Each Affiliated Partner Group (the "Pledgor Group") shall and hereby does pledge and grant to the other Affiliated Partner Group (the "Pledgee Group") a first priority lien on and security interest in the Pledgor Group's Interests in the Partnership as security for the satisfaction of all the Pledgor Group's liabilities and the payment and performance of all the Pledgor Group's obligations and duties under this Agreement. At any time and from time to time, the Pledgor Group also will promptly execute and deliver all such further agreements, instruments and documents and take all such further action that may be necessary or desirable or that the Pledgee Group may reasonably request in order (i) to perfect and protect the lien and security interest created hereby, including the execution and filing of appropriate financing statements and 1. The Pledgor Group hereby authorizes the Pledgee Group to file, without the signature of such Pledgor Group granting the security interest provided for herein, where permitted by applicable law, at any time the Pledgee Group acting as a secured party deems necessary or appropriate to protect its lien and security interest under this Agreement, one or more financing or continuation statements, and amendments thereto, relating to such lien and security interest. If the Pledgor Group fails to perform any agreement or obligation contained in this Section 11.1., the Pledgee Group may perform, or cause performance of, such agreement or obligation, and the expenses of the Pledgee Group so performing incurred in connection therewith shall be payable to the Pledgee Group, on demand, by the Pledgor Group that has failed to so perform. The Pledgee Group shall not, without the prior written consent of the Pledgor Group, sell, assign, transfer, mortgage, pledge or otherwise encumber any of its rights in the Pledgor Group's Interests as pledged to the Pledgee Group under this Section 11.1. except with regard to a failure by the Pledgor Group to satisfy the Pledgor Group's liabilities, and the payment and performance of all its obligations and duties under this Agreement.

Security for Performance. 6.1 Seller’s Support. (a) Seller shall be required to post Credit Support in the total amount of $35,938,000 (which is equal to $20,000.00 per MWh per hour of the Contract Maximum Amount, , as adjusted in accordance with Section 3.1(c), to secure Seller’s obligations in the period between the Effective Date and the Commercial Operation Date (“Development Period Security”). $2,114,000 of the Development Period Security (which is equal to $10,000.00 per MWh per hour of the Contract Maximum Amount) shall be provided to Buyer on the Effective Date; $2,114,000 of the Development Period Security (which is equal to $10,000.00 per MWh per hour of the Contract Maximum Amount) shall be provided to Buyer within fifteen (15) Business Days after receipt of the Regulatory Approval; If at any time, the amount of Development Period Security is reduced as a result of Buyer’s draw upon such Development Period Security to less than the amount of Development Period Security required to be provided by Seller, within of that draw Seller shall replenish such Development Period Security to the amount of Development Period Security required to be provided by Seller through the period ending fifteen (15) days after receipt of the Regulatory Approval. Buyer shall return any undrawn amount of the Development Period Security to Seller within thirty (30) days after the later of (x) Buyer’s receipt of an undisputed notice from Seller that the Commercial Operation Date has occurred or (y) Buyer’s receipt of the full amount of the Operating Period Security (except to the extent that Development Period Security is converted into Operating Period Security as provided in Section 6.1(b)).‌ (b) Beginning not later than ten (10) days following the Commercial Operation Date, Seller shall provide Buyer with Credit Support to secure Seller’s obligations under this Agreement after the Commercial Operation Date through and including the date that all of Seller’s obligations under this Agreement are satisfied (“Operating Period Security”). The Operating Period Security shall be in the amount of $4,228,000 (which is equal to $20,000.00 per MWh per hour of the Contract Maximum Amount), as adjusted in accordance with Section 3.3(b). If at any time on or after the Commercial Operation Date, the amount of Operating Period Security is reduced as a result of Buyer’s draw upon such Operating Period Security, within of that draw Seller shall replenish such Operating Period Security to the total amount required...

Security for Performance. (a) On the earlier of the date falling 10 Business Days after the date of this Service Agreement and the date of commencement of Reference Services, <Service Provider> may request <User> to provide a bank guarantee from an Approved Bank in or substantially in the form set out at Annexure B, as security for the performance of <User>’s obligations under this Service Agreement. The bank guarantee must only be provided if at the time of the request: (i) <User> cannot demonstrate: (A) that it has an unqualified: 1. Standard & Poor’s credit rating of at least BBB-; or 2. ▇▇▇▇▇’▇ credit rating of at least Baa3; or 3. Fitch credit rating of at least BBB-, (an “acceptable credit rating”); or (B) that the performance of <User>’s payment obligations under clause 10 of this Service agreement are guaranteed (on terms acceptable to <Service Provider>) by another entity who has an Acceptable Credit Rating (“guarantor”); or (ii) within the previous 12 months, (or where the commencement of this Service agreement occurs within the previous 12 months, since the commencement of this Service agreement) <User> has failed to pay in full: (A) 5 invoices within the required time limit for payment; or (B) 3 consecutive invoices within the required time limit for payment; or (C) 1 invoice within 25 days of the due date; or (iii) any undisputed amounts owing by <User> to <Service Provider> in respect of the provision of Reference Services in the period prior to the commencement of this Service Agreement, are not paid in full within 30 days of the commencement of this Service Agreement; or (iv) <User> ceases to hold a Gas Trading Licence under the Energy ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (WA); or (v) <User> ceases to be a member of or “user” for the purposes of the Retail Market Scheme; and subject to clause 16.2(A)(i) to (v) above and 16.2(b), the bank guarantee shall be for the amount in dollars, notified by <Service Provider> to <User> in writing, which is the greater of:

Security for Performance. No later than the Effective Date, ▇▇▇▇▇▇▇▇▇’▇ shall provide a performance bond in the amount of one million five hundred thousand dollars ($1,500,000.00) representing the estimate of the security required to assure ▇▇▇▇▇▇▇▇▇’▇ faithful performance of all obligations hereunder. The performance bond shall apply to all obligations hereunder, regardless of whether additional security for the performance of any obligation as to any or all portions of the Quarry is provided elsewhere in this Agreement. The performance bond shall be issued in favor of the City in case of breach of any obligation by ▇▇▇▇▇▇▇▇▇’▇ hereunder (following the notice and cure provisions of Section 10.4 herein) to guarantee compensation for any costs and damages incurred by the City in performing ▇▇▇▇▇▇▇▇▇’▇ obligations hereunder. However, if the ▇▇▇▇▇ ▇▇▇▇ referenced in Section 9.7 is increased above nine hundred ninety eight thousand nine hundred and seventy two dollars ($998,972.00), the amount of the performance bond under this Section shall be reduced by a dollar for dollar amount, though in no event shall the performance bond hereunder be less than one million dollars ($1,000,000.00.)