Common use of Provide Security Clause in Contracts

Provide Security. (a) The Access Seeker will provide Security (including any adjusted Security required under clause 8.3(b)) to the LFC within 20 Business Days of the LFC’s notice to the Access Seeker that the Security (or additional Security) is required. (b) At 6 month intervals after the Security is provided the Access Seeker may request, or the LFC may require, the amount of the Security to be adjusted. The adjusted Security must meet the requirements of clause 8.2. The Access Seeker will not be required to provide the Security if that Access Seekers has entered into a UFB Wholesale Services Agreement with the LC and previously provided an acceptable security to the LFC.