Common use of Replacement of Security Clause in Contracts

Replacement of Security. (1) The Developer may replace any Security provided by it at any time, provided that the amount of that replacement is not less than that which is required to be provided under this document. (2) On receipt of a replacement Security, Council must immediately release the Security being replaced and return it to the Developer.

Appears in 2 contracts

Samples: Planning Agreement, Planning Agreement

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Replacement of Security. (1) The Developer may replace any Security provided by it at any time, provided that the amount of that replacement is not less than that which is required to be provided under this documentPlanning Agreement. (2) On receipt of a replacement Security, Council must immediately release the Security being replaced and return it to the Developer.

Appears in 2 contracts

Samples: Planning Agreement, Planning Agreement

Replacement of Security. (1) β€Œ The Developer may replace any Security provided by it at any time, provided that the amount of that replacement is not less than that which is required to be provided under this document. (2) Agreement. On receipt of a replacement Security, Council must immediately release the Security being replaced and return it to the Developer.

Appears in 2 contracts

Samples: Voluntary Planning Agreement, Voluntary Planning Agreement

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Replacement of Security. (1) 24.2.1. The Developer may replace any Security provided by it at any time, provided that the amount of that replacement is not less than that which is required to be provided under this document. (2) 24.2.2. On receipt of a replacement Security, Council must immediately release the Security being replaced and return it to the Developer.

Appears in 1 contract

Samples: Planning Agreement

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