Common use of Security and Enforcement Clause in Contracts

Security and Enforcement. 11.1. On or before the date of this Agreement, the Developer must pay the amount of $40,000.00 into the trust account of XxXxxxxxx Xxxxx Lawyers (Security), which is to be held on trust for the parties pending the Instrument Change occurring. 11.2. The Developer irrevocably authorizes XxXxxxxxx Xxxxx Lawyers to release the Security to Council upon direction in writing from Council to XxXxxxxxx Xxxxx Lawyers after the Instrument Change has occurred. 11.3. The parties may enter into further written agreements and/or agree on the payment of security in substitution for the security arrangements under this clause 11.

Security and Enforcement. 11.1. On or before the date of this Agreement, the Developer must pay the amount of $40,000.00 20,000.00 into the trust account of XxXxxxxxx Xxxxx Young Lawyers (Security), which is to be held on trust for the parties pending the Instrument Change occurring. 11.2. The Developer irrevocably authorizes XxXxxxxxx Xxxxx Young Lawyers to release the Security to Council upon direction in writing from Council to XxXxxxxxx Xxxxx Young Lawyers after the Instrument Change has occurred. 11.3. The parties may enter into further written agreements and/or agree on the payment of security in substitution for the security arrangements under this clause 11.

Security and Enforcement. 11.1. On or before the date of this Agreement, the Developer must pay the amount of $40,000.00 20,000.00 into the trust account of XxXxxxxxx Xxxxx Lawyers (Security), which is to be held on trust for the parties pending the Instrument Change occurring. 11.2. The Developer irrevocably authorizes XxXxxxxxx Xxxxx Lawyers to release the Security to Council upon direction in writing from Council to XxXxxxxxx Xxxxx Lawyers after the Instrument Change has occurred. 11.3. The parties may enter into further written agreements and/or agree on the payment of security in substitution for the security arrangements under this clause 11.