Common use of Top up of Security Clause in Contracts

Top up of Security. If Council calls on the Security, Council, by notice in writing to the Developer, may require the Developer to provide a further or replacement Security in an amount that, when added to any unused portion of any Security then held by Council, does not exceed the amount of the Security Council is entitled to hold at that time under this Planning Agreement.

Appears in 3 contracts

Samples: Planning Agreement, Planning Agreement, Planning Agreement

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Top up of Security. If Council calls on the Security, Council, by notice in writing to the Developer, may require the Developer to provide a further or replacement Security in an amount that, when added to any unused portion of any Security then held by Council, does not exceed the amount of the Security Council is entitled to hold at that time under this Planning Agreementdocument.

Appears in 2 contracts

Samples: Planning Agreement, Planning Agreement

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