Common use of Obligation to Grant Security Clause in Contracts

Obligation to Grant Security. (a) The Security Deposit (if applicable) shall initially be for the amount specified in Item 5 of the Reference Schedule. If a Security Deposit is applicable the Access Holder must deliver to QR, prior to the operation of Train Services, security for the performance of the Access Holder’s obligations under this Agreement in the form of:

Obligation to Grant Security. (a) The Security Deposit (if applicable) shall initially be for the amount specified in Item 5 of the Reference Schedule. If a Security Deposit is applicable the Access Holder Operator must deliver to QRQR Network, prior to the operation of Train Services, security for the performance of the Access HolderOperator’s obligations under this Agreement in the form of:

Obligation to Grant Security. (a) The Security Deposit (if applicable) shall initially be for the amount specified in Item 5 of the Reference Schedule. If a Security Deposit is applicable the Access Holder Operator must deliver to QR, prior to the operation of Train Services, security for the performance of the Access HolderOperator’s obligations under this Agreement in the form of:

Obligation to Grant Security. (a) The Security Deposit (if applicable) shall initially be for the amount specified in Item 5 of the Reference Schedule. If a Security Deposit is applicable the Access Holder Operator must deliver to QRQR Network, prior to the operation of Train Services, security for the performance of the Access HolderOperator’s obligations under this Agreement and the Noranbah North Access Agreement in the form of: