Security money Sample Clauses

Security money. The Lessee agrees to pay a sum of RMB8 million as security money for the performance of its obligations under the Finance Lease Agreement. If the Lessee fails to fully perform any obligation under the Finance Lease Agreement, Chengtong Financial Leasing has the right to apply the security money to set off against any amount owed by the Lessee to it in the following order: overdue interest, other payables, damages (if any), rent payable and repurchase price. If the Lessee has fully performed all its obligations under the Finance Lease Agreement, Chengtong Financial Leasing shall, within 10 working days, return the security money to the Lessee or use the security money to set off against the lease payment for the last corresponding period. The security money shall not bear any interest. Guarantee The Guarantor, which is a PRC State-owned enterprise principally engaged in construction of urban infrastructure, urban renewal, management of stock land and state-owned assets and project investment as commissioned by the PRC government and sale of construction materials, has provided a guarantee in favour of Chengtong Financial Leasing for all amounts payable by the Lessee under the Finance Lease Agreement, including but not limited to the lease payment and other payables. The guarantee is irrevocable and continuing in nature. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the Guarantor and its ultimate beneficial owners are Independent Third Parties.
Sample 1
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Security money. (a) (i) Floors 10-13. The Tenant, as per the instructions of the Landlords and/or the Building Management Company, shall deposit with the Developer a sum of Tk. 1,22,02,920.00 (One Crore twenty-two lacs two thousand nine hundred twenty) only, which sum is the equivalent of 06 (six) months’ rent for Floors 10 through 13 of the Demised Premises as of the Effective Date. The foregoing amount shall be paid to Developer at the time of execution of this Agreement.
Sample 1
Security money. The security @10% of the total billed amount shall be retained which will be returned to the firm after 12 months from the successful completion of the work.
Sample 1
Security money. The Lessee agrees to pay a sum of RMB5.4 million (equivalent to approximately HK$6.32 million) as security money for the performance of its obligations under the Finance Lease Agreement. If the Lessee fails to fully perform any obligation under the Finance Lease Agreement, Chengtong Financial Leasing has the right to apply the security money to set off against any amount owed by the Lessee to it in the following order: overdue interest, other payables, damages (if any), lease payment and repurchase price. If the Lessee has fully performed all its obligations under the Finance Lease Agreement, Chengtong Financial Leasing shall, within 10 working days, return the security money to the Lessee or use the security money to set off against the lease payment for the last corresponding period. The security money shall not bear any interest. Guarantee The Guarantor, which is a State-owned enterprise established in the PRC with limited liability and principally engaged in investments in policy-based and operation- based projects, entrusted lending, investment in contracting of urban infrastructure construction and land consolidation, has provided a guarantee in favour of Chengtong Financial Leasing for all amounts payable by the Lessee under the Finance Lease Agreement, including but not limited to the lease payment, damages and other payables. The guarantee is irrevocable and continuing in nature. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the Guarantor and its ultimate beneficial owners are Independent Third Parties.
Sample 1
Security money. The Lessee agrees to pay RMB5 million (equivalent to HK$6 million) and RMB10 million (equivalent to approximately HK$12 million) as security money for the performance of its obligations under the Finance Lease Agreement I and Finance Lease Agreement II respectively. If the Lessee fails to fully perform any obligation under any of the Finance Lease Agreements, Chengtong Financial Leasing has the right to apply the respective security money to set off against any amount owed by the Lessee to it in the following order: liquidated damages, other payables including but not limited to damages (if any), outstanding and prospective lease payments and repurchase price. If the Lessee has fully performed all its obligations under the respective Finance Lease Agreements, Chengtong Financial Leasing shall return the respective security money to the Lessee upon the expiry of the Lease Term and the Lessee’s presentation of the receipt(s) of the security money. When the respective amount payable by the Lessee under the Finance Lease Agreement I and the Finance Lease Agreement II is less than the respective balance of the security money, the Finance Lease Agreement I and/or Finance Lease Agreement II (as the case may be) may be early terminated upon the Lessee’s application. The Lessee shall then present the receipt(s) of the security money to Chengtong Financial Leasing upon which the security money shall be used to set off the lease payments and other payables under the Finance Lease Agreement I and/or Finance Lease Agreement II (as the case may be) and any remaining balance of the security money shall be returned to the Lessee.
Sample 1
Security money i. Within fifteen (15) days of receipt of the Notification of contract award, the successful bidder shall furnish to the STATE IMPLEMENTING AGENCY, DEPARTMENT OF ANIMAL HUSBANDRY & VETERINARY the Security Deposit at the rate of 2% of the value of supply order.
Sample 1
Security money. The Lessee has agreed to pay a total of RMB7.5 million (equivalent to HK$8.1 million) as security money for the performance of its obligations under the Sale and Leaseback Agreements. The amount of the security money was determined after evaluating the background and creditability etc. of the Lessee. If the Lessee fails to fully perform any obligation under the Sale and Leaseback Arrangement, Chengtong Financial Leasing has the right to apply the security money to set off against any amount owed to it in the following order: liquidated damages, other payables including but not limited to damages (if any), outstanding and prospective lease payments and repurchase price. If the Lessee has fully performed all its obligations under the Sale and Leaseback Arrangement, Chengtong Financial Leasing shall return the security money to it upon its presentation of the receipt(s) of the security money.
Sample 1
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Related to Security money

  • Security Measures Lessee hereby acknowledges that the rental payable to Lessor hereunder does not include the cost of guard service or other security measures, and that Lessor shall have no obligation whatsoever to provide same. Lessee assumes all responsibility for the protection of the Premises, Lessee, its agents and invitees and their property from the acts of third parties.

  • Security Instruments (i) The Administrative Agent shall fail to have an Acceptable Security Interest in any portion of the Collateral or (ii) any Security Instrument shall at any time and for any reason cease to create the Lien on the Property purported to be subject to such agreement in accordance with the terms of such agreement, or cease to be in full force and effect, or shall be contested by the Borrower, any Guarantor or any of their respective Subsidiaries;

  • Security System The site and the Work area may be protected by limited access security systems. An initial access code number will be issued to the Contractor by the County. Thereafter, all costs for changing the access code due to changes in personnel or required substitution of contracts shall be paid by the Contractor and may be deducted from payments due or to become due to the Contractor. Furthermore, any alarms originating from the Contractor’s operations shall also be paid by the Contractor and may be deducted from payments due or to become due to the Contractor.

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • Security and Collateral To secure the payment when due of the Notes and all other obligations of the Company under this Agreement or any Rate Hedging Agreement to the Lenders and the Agent, the Company shall execute and deliver, or cause to be executed and delivered, to the Lenders and the Agent Security Documents granting the following:

  • Security Agreements Signed original security agreements, assignments, financing statements and fixture filings (together with collateral in which the Bank requires a possessory security interest), which the Bank requires.

  • The Security 4.1 The Borrower undertakes to continue to provide the security set forth in the Security Documents on the terms currently in effect notwithstanding the completion of the Restructuring.

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

  • Possessory Collateral Immediately upon Borrower’s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower’s attorney and agent-in-fact, to endorse or assign the same on Borrower’s behalf.

  • Negotiable Collateral In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

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