Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law: (1) exercise the Step in Rights so as to carry out any work specified in the relevant Breach Notice; or (2) call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.
Appears in 5 contracts
Sources: Planning Agreement, Planning Agreement, Planning Agreement
Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law:
(1) exercise the Step step in Rights rights so as to carry out any work specified in the relevant Breach Notice; or
(2) call on any Security provided by the Security to the extent Developer in satisfaction of any compensation claimed costs incurred by it in a Breach Notice and not paid by remedying the Developerrelevant Event of Default.
Appears in 1 contract
Sources: Planning Agreement
Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law:
(1) exercise the Step in Rights so as to carry out any work specified in the relevant Breach Notice; or
(2) Law call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.
Appears in 1 contract
Sources: Voluntary Planning Agreement
Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law:
(1) exercise the Step in Rights so as to carry out any work specified in the relevant Breach Notice; or
(2) Law or under this document, call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.
Appears in 1 contract
Sources: Planning Agreement
Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law:
(1) exercise Law at its absolute discretion, enter upon the Step in Rights so as to carry Land for the purpose of carrying out any work specified in the relevant Breach Notice; or
, but only after giving the Developer five (25) call on the Security business days written notice of its intention to the extent of any compensation claimed in a Breach Notice and not paid by the Developerdo so.
Appears in 1 contract
Sources: Planning Agreement
Consequences of Events of Default. β Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law:
(1) exercise the Step in Rights so as to carry out any work specified in the relevant Breach Notice; or
(2) call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.
Appears in 1 contract
Sources: Planning Agreement
Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law:
(1a) exercise the Step in Rights so as to carry out any work specified in the relevant Breach NoticeNotice itself; or
(2b) call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.
Appears in 1 contract
Sources: Planning Agreement