Common use of Obligation to grant Security - payment default Clause in Contracts

Obligation to grant Security - payment default. (a) If ARTC does not already hold Security, then, subject to clause 7.2(b), the Access Holder will deliver to ARTC and keep current at all times during the Term, Security in the amount of one month’s TOP Charges.

Appears in 22 contracts

Samples: Holder Agreement, Access Holder Agreement, Access Holder Agreement

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Obligation to grant Security - payment default. (a) If ARTC does not already hold Security, then, subject to clause 7.2(b7.1(b), the Access Holder will deliver to ARTC and keep current at all times during the Term, Security in the amount of one month’s TOP Charges.

Appears in 1 contract

Samples: www.accc.gov.au

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