Common use of SECURITY OF PAYMENT Clause in Contracts

SECURITY OF PAYMENT. ‌ The Contractor acknowledges, for the avoidance of doubt, that to the extent Essential Energy has an entitlement to issue a payment schedule(s) (or its equivalent) or any other document or notice under the Security of Payment Act, it may do so by Essential Energy’s Representative who acts as Essential Energy’s agent in that regard. The Contractor must immediately provide to Essential Energy’s Representative a copy of any notice or document:

SECURITY OF PAYMENT. ‌ The Contractor Supplier acknowledges, for the avoidance of doubt, that to the extent Essential Energy has an entitlement to issue a payment schedule(s) (or its equivalent) or any other document or notice under the Security of Payment Act, it may do so by Essential Energy’s Representative who acts as Essential Energy’s agent in that regard. The Contractor Supplier must immediately provide to Essential Energy’s Representative a copy of any notice or document:

SECURITY OF PAYMENT. ‌ The Contractor Service Provider acknowledges, for the avoidance of doubt, that to the extent Essential Energy has an entitlement to issue a payment schedule(s) (or its equivalent) or any other document or notice under the Security of Payment Act, it may do so by Essential Energy’s Representative who acts as Essential Energy’s agent in that regard. The Contractor Service Provider must immediately provide to Essential Energy’s Representative a copy of any notice or document: