Security for performance of obligations. 34.1 The Developer is to provide Security to the Council in the amount of [Drafting Note. Insert $ amount equal to 100% of the sum of all Contribution Values of all works] in relation to the performance of its obligations under this Deed.
Security for performance of obligations. 22.1 Prior to the issuing of the first Construction Certificate for the Development:
Security for performance of obligations. 27.1 The Developer is to provide the Council with Security in the amount specified in Item 12 of Schedule 1 to secure the performance of such of the Developer’s obligations under this Deed as are specified or described in Item 13 of Schedule 1.
Security for performance of obligations. The Developer is to provide Security to the Council in the amount of [Drafting Note. Insert $ amount equal to 100% of the sum of all Contribution Values of all works] in relation to the performance of its obligations under this Deed. The Developer is to provide the Security to the Council before it commences any part of the Development unless, before that time, the Council agrees in writing to apportion the Security to different Stages, in which case the Developer is to provide the portion of the Security relating to a particular Stage to the Council before it commences any part of the Development comprised in the Stage. The Council, in its absolute discretion and despite clause 24, may refuse to allow the Developer to enter, occupy or use any land owned or controlled by the Council or refuse to provide the Developer with any plant, equipment, facilities or assistance relating to the carrying out the Development if the Developer has not provided the Security to the Council in accordance with this Deed. The Council may call-up and apply the Security in accordance with clause 36 to remedy any breach of this Deed notwithstanding any other remedy it may have under this Deed, under any Act or otherwise at law or in equity. The Council is to release and return the Security or any unused part of it to the Developer within 14 days of completion of the obligation to which the Security relates. The Developer may at any time provide the Council with a replacement Security. On receipt of a replacement Security, the Council is to release and return the Security that has been replaced to the Developer. If the Council calls-up the Security or any portion of it, it may, by written notice to the Developer, require the Developer to provide a further or replacement Security to ensure that the amount of Security held by the Council equals the amount it is entitled to hold under this Deed. The Developer is to ensure that the Security provided to the Council is at all times maintained to the full current indexed value. Acquisition of land required to be dedicated If the Developer does not dedicate Dedication Land or register the Public Easement at the time at required under this Deed, the Developer consents to the Council compulsorily acquiring the Dedication Land or the Public Easement (as the case may be) for compensation in the amount of $1 without having to follow the pre‑acquisition procedure under the Just Terms Act. The Council is to only acquire land pursuant to clause ...
Security for performance of obligations. (a) The Developer is to provide Security to the Council for the performance of the Developer’s obligations under this Deed, in the amount of the estimated cost of construction of the Road Works, to be determined by the Council acting reasonably.
Security for performance of obligations. 19.1 On execution of this Deed, the Developer is to provide Security to the Council equal to the Stormwater Drainage Work Security Amount.
Security for performance of obligations. 23.1 Notwithstanding any other provision of this Deed, if the Developer wishes to obtain a Subdivision Certificate which can only be issued if any Work is first completed under this Deed, and the Developer is not in a position to complete that Work by the time it wishes to apply for the Subdivision Certificate then the Developer may:
Security for performance of obligations. 29.1 The Developer must, procure the registration of the Agreement on the relevant folios of the register held by the LPI pertaining to Stages 2, 3, 4, 5 and 6 as soon as reasonably practicable after the Commencement Date and, in any event, no later than 90 Business Days after the Commencement Date.
Security for performance of obligations. Financial Security
Security for performance of obligations. Performance of Applicant's obligations pursuant to the Agreement shall be secured by a letter of credit provided to the County substantially in the form attached as Exhibit "J" to Development Agreement No. 64. The letter of credit furnished to COUNTY may be the same letter of credit referred to in Section 9.9.1 of Development Agreement No. 64
