Developer to provide Security. (a) In order to secure the payment or performance of the Development Contribution, the Developer has agreed to provide the Security. (b) The Security must: (i) name the Council; and (ii) not have an expiry date, or if it has an expiry date, the Security must be replaced by the Developer not less than 30 Business Days prior to expiry.
Appears in 3 contracts
Sources: Planning Agreement, Planning Agreement, Planning Agreement
Developer to provide Security. (a) In order to secure the payment or performance of the Development Contribution, Contribution the Developer has agreed to provide the Security.
(b) The Security must:
(i) name the “Wollondilly Shire Council" as the relevant beneficiary; and
(ii) not have an expiry date, or if it has an expiry date, the Security must be replaced by the Developer not less than 30 Business Days prior to expiry.
Appears in 2 contracts
Sources: Planning Agreement, Planning Agreement