Request for Security. In accordance with s.149 of the Water Act, Seqwater may require the Customer to provide reasonable security for supplying and storing the Customer's Allocation. Without limiting its rights under s.149 of the Water Act, Seqwater may request security from the Customer, in the following circumstances: (a) if the Customer commits a material breach of this Agreement; or (b) Seqwater is not satisfied as to the financial capacity of the Customer to comply with its obligations under this Agreement.
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