Type of Security Sample Clauses

Type of Security. The Distributor shall, in accordance with the Retail Settlement Code, accept any of the type or types of security which the Retailer chooses to provide from the types of security listed in the first paragraph of section 8.3

Type of Security. Any security required to be filed under this Agreement, shall be by Letter of Credit valid for a period of l year with extension provisions and prepared in a form provided by the Municipality or by certified cheque. It shall be drawn on a Schedule I Chartered Bank of Canada and shall be for the amount hereafter set out.

Type of Security. Mandatorily redeemable preferred stock. For so long as the preferred stock remains outstanding, (1) the Corporation will not declare, pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and (2) neither the Corporation, nor any of its subsidiaries, will, subject to certain exceptions, redeem, purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise, in each case unless it has paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of preferred stock and any parity stock for all preceding dividend periods.

Type of Security. The applicant shall file with the agreement, to assure his full performance thereof, one of the following: i. A surety bond executed by a surety company authorized to transact business in the State of Oregon in a form approved by the City; or ii. Cash.

Type of Security. The securities to be purchased are: (i) Part of an issue registered under the Securities Act of 1933 [15 U.S.C. 77a–aa] that is being offered to the pub- lic; (ii) Eligible Municipal Securities; (iii) Securities sold in an Eligible Foreign Offering; or (iv) Securities sold in an Eligible Rule 144A Offering.

Type of Security. Any security required to be filed under this Agreement, shall be by a certified cheque, a Letter of Credit valid for a period of 1 year with extension provisions and prepared in a form provided by the Municipality (which shall be drawn on a Schedule 1 Chartered Bank of Canada and shall be for the required amount). The Letter of Credit shall be in a form acceptable and from a financial institution acceptable to the Municipality and, without limiting the foregoing, shall be automatically renewed annually unless thirty (30) days written notice of termination is provided to the Municipality, during which notice period the Municipality shall have the right to drawdown the full amount of the Letter of Credit.

Type of Security. Up to 1.50% Option to purchase Common Stock

Type of Security. (a) Within 20 Business Days from the Effective Date, the Non-Owner Participants must provide security: (i) in the form of an irrevocable and unconditional bank guarantee, insurance bond, or both in favour of Main Roads; (ii) from a financial institution with a credit rating acceptable to Main Roads; (iii) payable in Australian dollars; and (iv) on terms and conditions acceptable to Main Roads, as security for performance by the Non-Owner Participants of their respective terms, covenants and responsibilities under this Agreement. (b) The Non-Owner Participants acknowledge that all security required to be provided by them under this Agreement will at all times be provided by each Non-Owner Participant in the following proportions: (i) Participant 1 – (ii) Participant 2 – (iii) Participant 3 – (iv) Participant 4 – (v) Participant 5 – and (vi) Participant 6 – (c) The security, including the amount and terms of operation, applies irrespective of clause 23. If the Non-Owner Participants provide any security under this clause that is due to expire prior to the completion of the Works, the Alliance Board must meet at least 6 months prior to the expiration and determine what security arrangement must be made by the Participants to ensure compliance with this clause.

Type of Security. The Retailer shall provide security to the Distributor using one or more of the following financial instruments or procedures: Cash deposit Irrevocable letter of credit from a bank subject to the Bank Act (Canada) Surety bond Lock box arrangement (Retailer shall tick one or more of the boxes) All security in the form of a financial instrument shall be provided in Canadian funds. A letter of credit or surety bond shall be in a form acceptable to the Distributor and shall name the Distributor as the beneficiary and shall permit the Distributor to make a partial draw down based on the amount that is in default by the Retailer.