Common use of Liability Declaration, Security or Equivalent Assurance Clause in Contracts

Liability Declaration, Security or Equivalent Assurance. 1. The competent authorities shall have the authority to require an applicant to provide a security or equivalent assurance sufficient to protect the defendant and the competent authorities and to prevent abuse, or in the cases provided in their domestic legislation to declare to accept liability for damages resulting from the suspension of release. 2. The security or equivalent assurance under paragraph 1 shall not unreasonably deter recourse to these procedures.

Liability Declaration, Security or Equivalent Assurance. 1. The competent authorities shall have the authority to require an applicant to declare to accept liability where applicable towards the persons involved or, in justified cases, to provide a security or equivalent assurance assurance, sufficient to protect the defendant and the competent authorities and to prevent abuse, or in the cases provided in their domestic legislation to declare to accept liability for damages resulting from the suspension of release. 2. The Such security or equivalent assurance under paragraph 1 shall not unreasonably deter recourse to these procedures.

Liability Declaration, Security or Equivalent Assurance. 1. The competent authorities shall have the authority to require an applicant to provide a security or equivalent assurance sufficient to protect the defendant and the competent authorities and to prevent abuse, or in the cases provided in their domestic legislation to declare to accept liability for damages resulting from the suspension of release. 2. The security or equivalent assurance under paragraph 1 shall not unreasonably deter recourse to these procedures.

Liability Declaration, Security or Equivalent Assurance. 1. The competent authorities shall have the authority to require an applicant to declare to accept liability towards the persons involved and, in justified cases, to provide a security or equivalent assurance assurance, sufficient to protect the defendant and the competent authorities and to prevent abuse, or in the cases provided in their domestic legislation to declare to accept liability for damages resulting from the suspension of release. 2. The Such security or equivalent assurance under paragraph 1 shall not unreasonably deter recourse to these procedures.

Liability Declaration, Security or Equivalent Assurance. 1. The competent authorities shall have the authority to require an applicant to provide a security or equivalent assurance sufficient to protect the defendant and the competent authorities and to prevent abuse, or in the cases provided in their domestic legislation to declare to accept liability for damages resulting from the suspension of release. 2. The Such security or equivalent assurance under paragraph 1 shall not unreasonably deter recourse to these procedures.