Common use of Return of Security Clause in Contracts

Return of Security. QR Network must repay or return to the Operator (and where appropriate provide to the Operator any necessary releases in relation to) any Security provided by the Operator under Clause 2.4: (a) subject to QR Network’s rights of recourse to the Security in Clause 2.5, promptly after the Termination Date; (b) on receipt of an additional or replacement Security provided by the Operator in accordance with Clause 2.4(c) or 2.4(f); or (c) following a review pursuant to Clause 2.4(g), QR Network, acting reasonably, finds that it is not necessary for the Operator to provide QR Network with a Security.

Return of Security. QR Network must repay or return to the Operator (and where appropriate provide to the Operator any necessary releases in relation to) any Security Deposit provided by the Operator under Clause 2.4: (a) subject to QR Network’s rights of recourse to the Security Deposit in Clause 2.5, promptly after the Termination Date; (b) on receipt of an additional or replacement Security Deposit provided by the Operator in accordance with Clause 2.4(c) or 2.4(f); or (c) following a review pursuant to Clause 2.4(g), QR Network, acting reasonably, finds that it is not necessary for the Operator to provide QR Network with a SecuritySecurity Deposit.

Return of Security. QR Network must repay or return to the Operator (and where appropriate provide to the Operator any necessary releases in relation to) any Security provided by the Operator under Clause 2.4: (a) subject to QR Network’s Network‟s rights of recourse to the Security in Clause 2.5, promptly after the Termination Date; (b) on receipt of an additional or replacement Security provided by the Operator in accordance with Clause 2.4(c) or 2.4(f); or (c) following a review pursuant to Clause 2.4(g), QR Network, acting reasonably, finds that it is not necessary for the Operator to provide QR Network with a Security.

Return of Security. QR Network must repay or return to the Operator (and where appropriate provide to the Operator any necessary releases in relation to) any Security provided by the Operator under Clause 2.4: (a) (a) subject to QR Network’s rights of recourse to the Security in Clause 2.5, promptly after the Termination Date; (b) on receipt of an additional or replacement Security provided by the Operator in accordance with Clause 2.4(c) or 2.4(f); or (c) following a review pursuant to Clause 2.4(g), QR Network, acting reasonably, finds that it is not necessary for the Operator to provide QR Network with a Security.