Common use of Acknowledgement of Cash Deposit Clause in Contracts

Acknowledgement of Cash Deposit. Where a cash deposit is made pursuant to item 1.1(a) with a Relevant Group Member other than the Owner, the relevant Owner must procure that the Relevant Group Member delivers an acknowledgement of deposit to the Supporting Entity, in the form of a deed poll in favour of the Supporting Entity, in the following terms: ‘[Name of Relevant Group Member]: West Australian Iron Ore Production Joint Venture Agreement

Acknowledgement of Cash Deposit. Where a cash deposit is made pursuant to item 1.1(a) with a Relevant Group Member other than the Owner, the relevant Owner must procure that the Relevant Group Member delivers an acknowledgement of deposit to the Supporting Entity, in the form of a deed poll in favour of the Supporting Entity, in the following terms: ‘[Name of Relevant Group Member]: West Australian Iron Ore Production Joint Venture Agreement: