Council may call on Security. (1) If the Developer commits an Event of Default Council, without limiting any other remedies available to it, may call on any Security provided by the Developer. (2) If Council calls on any Security, it may use the amount so paid to it in satisfaction of any costs incurred by it in remedying the relevant Event of Default.
Appears in 3 contracts
Samples: Voluntary Planning Agreement, Planning Agreement, Planning Agreement
Council may call on Security. (1) β If the Developer commits an Event of a Default under this Agreement, Council, without limiting any other remedies available to it, may call on any Security provided by the Developer.
(2) . If Council calls on any Security, it may use the amount so paid to it in satisfaction of any costs incurred by it in remedying the relevant Event of Default.
Appears in 2 contracts
Samples: Voluntary Planning Agreement, Voluntary Planning Agreement
Council may call on Security. (1) If the Developer commits an Event of Default then Council, without limiting any other remedies available to it, may call on any Security provided by the Developer.
(2) If Council calls on any Security, it may use the amount so paid to it in satisfaction of any costs incurred by it in remedying the relevant Event of Default.
Appears in 2 contracts
Samples: Planning Agreement, Planning Agreement
Council may call on Security. (1) If the Developer commits an Event of Default then Council, without limiting any other remedies available to it, may call on any Security provided by the Developer.
(2) If Council calls on any Security, it may use the amount so paid to it in satisfaction of any costs incurred by it in remedying the relevant Event of Default.
Appears in 1 contract
Samples: Planning Agreement
