Common use of Insufficient Security Clause in Contracts

Insufficient Security. If at any time DevelopmentWA reasonably considers the Bonded Amount does not represent sufficient security to DevelopmentWA, having regard to the User's undischarged liabilities (including any contingent liabilities) or obligations under this Agreement, the User will, within 5 Business Days after receiving written Notice from DevelopmentWA to do so, procure a replacement or additional bond from one or more sureties reasonably acceptable to DevelopmentWA. In any such event, this Agreement will be construed (as the context permits) so that Conditions 11.2 to 11.4 (inclusive) apply equally to the replacement or additional bond.