Common use of Requirement to provide Security for the Security Amount Clause in Contracts

Requirement to provide Security for the Security Amount. (a) If the Access Holder is required to provide Security under this clause 6, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder is required to provide Security under this clause 6; and (ii) the Security provided by the Access Holder to Aurizon Network under this clause 6 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.6), then the Access Holder must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, which satisfies the requirements of this clause 6 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.

Appears in 6 contracts

Samples: Standard Access Agreement, Access Agreement, Access Agreement

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Requirement to provide Security for the Security Amount. β€Œ (a) If the Access Holder is required to provide Security under this clause 6, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder is required to provide Security under this clause 6; and (ii) the Security provided by the Access Holder to Aurizon Network under this clause 6 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.6), then the Access Holder must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, Security,β€Œ which satisfies the requirements of this clause 6 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.

Appears in 4 contracts

Samples: Access Agreement, Standard Access Agreement, Access Agreement

Requirement to provide Security for the Security Amount. (a) If the Access Holder is required to provide Security under this clause 6, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder is required to provide Security under this clause 6; and (ii) the Security provided by the Access Holder to Aurizon Network under this clause 6 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.6), then the Access Holder must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, which satisfies the requirements of this clause 6 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.

Appears in 3 contracts

Samples: Access Agreement, Access Agreement, Access Agreement

Requirement to provide Security for the Security Amount. (a) If the Access Holder Operator is required to provide Security under this clause 6, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder Operator is required to provide Security under this clause 6; and (ii) the Security provided by the Access Holder Operator to Aurizon Network under this clause 6 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.6), then the Access Holder Operator must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, which satisfies the requirements of this clause 6 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.

Appears in 3 contracts

Samples: Operator Access Agreement, Operator Access Agreement, Operator Access Agreement

Requirement to provide Security for the Security Amount. (a) If the Access Holder End User is required to provide Security under this clause 6, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder End User is required to provide Security under this clause 6; and (ii) the Security provided by the Access Holder End User to Aurizon Network under this clause 6 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.6), then the Access Holder End User must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, which satisfies the requirements of this clause 6 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.

Appears in 3 contracts

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

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Requirement to provide Security for the Security Amount. (a) If the Access Holder End User is required to provide Security under this clause 65, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder End User is required to provide Security under this clause 65; and (ii) the Security provided by the Access Holder End User to Aurizon Network under this clause 6 5 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.65.6), then the Access Holder End User must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, which satisfies the requirements of this clause 6 5 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.

Appears in 2 contracts

Samples: End User Access Agreement, End User Access Agreement

Requirement to provide Security for the Security Amount. (a) If the Access Holder is required to provide Security under this clause 6, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder is required to provide Security under this clause 6; and (ii) the Security provided by the Access Holder to Aurizon Network under this clause 6 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.6), then the Access Holder must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, which satisfies the requirements of this clause 6 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.,

Appears in 2 contracts

Samples: Standard Access Agreement, Access Agreement

Requirement to provide Security for the Security Amount. (a) If the Access Holder Operator is required to provide Security under this clause 69, the Security must be provided and maintained for an amount of not less than the Security Amount. (b) If at any time during the Term: (i) the Access Holder Operator is required to provide Security under this clause 69; and (ii) the Security provided by the Access Holder Operator to Aurizon Network under this clause 6 9 is for an amount which is less than the Security Amount (including due to Aurizon Network having recourse to the Security under clause 6.69.6), then the Access Holder Operator must promptly (and in any event within 10 Business Days after being required to do so by Aurizon Network) deliver to Aurizon Network: (iii) additional Security; or (iv) replacement Security, which satisfies the requirements of this clause 6 9 so that Security is provided and maintained for an aggregate amount of not less than the Security Amount.

Appears in 2 contracts

Samples: Train Operations Agreement, Train Operations Agreement

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