Common use of Developer to provide Security Clause in Contracts

Developer to provide Security. (a) In order to secure the payment or performance of the Development Contribution the Developer has agreed to provide the Security. (b) The Security must: (i) name the “Minister for Planning” and the “Department of Planning and Environment ABN 38 755 709 681” as the relevant beneficiaries; and (ii) not have an expiry date.

Appears in 3 contracts

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