Common use of Obligation to Grant Security Clause in Contracts

Obligation to Grant Security. payment default (a) If ARTC does not already hold Security, then, subject to (b) The Security referred to in clause 7.2(a) will be provided by the Access Holder within seven days of the Access Holder receiving a request from ARTC. ARTC may only serve such a notice on the Access Holder under this clause 7.2

Appears in 4 contracts

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

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Obligation to Grant Security. payment defaultdefault‌ (a) If ARTC does not already hold Security, then, subject toto 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. (b) The Security referred to in clause 7.2(a) will be provided by the Access Holder within seven days of the Access Holder receiving a request from ARTC. ARTC may only serve such a notice on the Access Holder under this clause 7.2

Appears in 3 contracts

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

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