Common use of Return of Security Clause in Contracts

Return of Security. Subject to Clause 3.7(c) of the End User Access Agreement, Aurizon Network must repay or return to the Operator (and where appropriate provide to the Operator any necessary releases in relation to) any Security provided by the Operator under Clause 2.4: (a) subject to Aurizon Network’s rights of recourse to the Security in Clause 2.5, promptly after the Termination Date; (b) on receipt of an additional or replacement Security provided by the Operator in accordance with Clause 2.4(c) or 2.4(f); or (c) following a review pursuant to Clause 2.4(g), Aurizon Network, acting reasonably, finds that it is not necessary for the Operator to provide Aurizon Network with a Security.