Common use of Security or Equivalent Assurance Clause in Contracts

Security or Equivalent Assurance. 1. The competent authorities shall have the authority to require an applicant to provide a security or equivalent assurance sufficient to protect the defendant and the competent authorities and to prevent abuse. Such security or equivalent assurance shall not unreasonably deter recourse to these procedures.

Appears in 42 contracts

Samples: Annex 1c, Annex 1c, Annex 1c

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Security or Equivalent Assurance. 1. The competent authorities shall have the authority to require an applicant to provide a security or equivalent assurance sufficient to protect the defendant and the competent authorities and to prevent abuse. Such security or equivalent assurance shall not unreasonably deter recourse to these procedures.

Appears in 1 contract

Samples: Free Trade Agreement Between Chile and Mexico

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