Common use of Replacement Security Clause in Contracts

Replacement Security. Provided that: (a) the Developer has complied with clause 10.1 and 10.2; and (b) the Transferee or Incoming Party (as the case may be) has provided the Minister with a replacement Security in accordance with the requirements of Schedule 5 and on terms acceptable to the Minister, the Minister will promptly return the Security to the Developer.

Appears in 3 contracts

Sources: Planning Agreement, Voluntary Planning Agreement, Voluntary Planning Agreement