Common use of Return of Security Clause in Contracts

Return of Security. Aurizon Network must return to the Access Holder (and, where appropriate, give the Access Holder any necessary releases in relation to) any Security provided by the Access Holder under this clause 6: (a) subject to Aurizon Network’s rights of recourse to the Security under clause 6.6, promptly and in any event within 10 Business Days after the date of termination or expiry of this Agreement; (b) on the Access Holder delivering to Aurizon Network any replacement Security under clause 6.3(b)(iv), 6.4(c)(iv) or 6.5 which satisfies the requirements of this clause 6; or (c) if, after a review pursuant to clause 6.7, Aurizon Network considers, acting reasonably, that it is no longer necessary for the Access Holder to provide Aurizon Network with Security under this clause 6.

Return of Security. Aurizon Network must return to the Access End UserAccess Holder (and, where appropriate, give the Access End UserAccess Holder any necessary releases in relation to) any Security provided by the Access End UserAccess Holder under this clause 6: (a) subject to Aurizon Network’s rights of recourse to the Security under clause 6.6, promptly and in any event within 10 Business Days after the date of termination or expiry of this Agreement; (b) on the Access End UserAccess Holder delivering to Aurizon Network any replacement Security under clause 6.3(b)(iv), 6.4(c)(iv6.4(e) or 6.5 which satisfies the requirements of this clause 6; or (c) if, after a review pursuant to clause 6.7, Aurizon Network considers, acting reasonably, that it is no longer necessary for the Access End UserAccess Holder to provide Aurizon Network with Security under this clause 6.

Return of Security. Aurizon Network must return to the Access Holder (and, where appropriate, give the Access Holder any necessary releases in relation to) any Security provided by the Access Holder under this clause 6: (a) subject to Aurizon Network’s rights of recourse to the Security under clause 6.6, promptly and in any event within 10 Business Days after the date of termination or expiry of this Agreement; (b) on the Access Holder delivering to Aurizon Network any replacement Security under clause 6.3(b)(iv), 6.4(c)(iv6.4(e) or 6.5 which satisfies the requirements of this clause 6; or (c) if, after a review pursuant to clause 6.7, Aurizon Network considers, acting reasonably, that it is no longer necessary for the Access Holder to provide Aurizon Network with Security under this clause 6.