Request for Security. ROL Holder may request the provision of security if: (a) the Customer commits a breach nominated in either of clause 14.2(a)(i), 14.2(a)(ii), 14.2(a)(iii) and 14.2(a)(v) of this Agreement, whether ROL Holder has given a direction or not; or (b) ROL Holder is not reasonably satisfied as to the financial capacity of the Customer to comply with its obligations under this Agreement.
Appears in 2 contracts
Sources: Agreement for Delivery of Water, Agreement for Delivery of Water
Request for Security. ROL Holder may request the provision of security if:
(a) the Customer commits a breach nominated in either of clause 14.2(a)(i), 14.2(a)(ii), 14.2(a)(iii) and or 14.2(a)(v) of this Agreement, whether ROL Holder has given a direction or not; or
(b) ROL Holder is not reasonably satisfied as to the financial capacity of the Customer to comply with its obligations under this Agreement.
Appears in 1 contract
Sources: Water Distribution Agreement