Common use of Security Amount Clause in Contracts

Security Amount. ‌ (a) If at any time the Security Amount exceeds 110% of the amount of the security provided by you then held by ▇▇▇▇▇▇▇▇, Sunwater may, by notice in writing: (i) advise you that the Security Amount is greater than 110% of the amount of the security provided by you as held by ▇▇▇▇▇▇▇▇ as at the date of the notice; and (ii) advise you of the adjusted Security Amount. (b) Within 30 days after receiving a notice under clause 10.7(a), you must: (i) replace the security provided by you with further security for the adjusted

Security Amount. ‌ (a) If at any time the Security Amount exceeds 110% of the amount of the security provided by you then held by ▇▇▇▇▇▇▇▇, Sunwater may, by notice in writing: (i) advise you that the Security Amount is greater than 110% of the amount of the security provided by you as held by ▇▇▇▇▇▇▇▇ as at the date of the notice; and (ii) advise you of the adjusted Security Amount. (b) Within 30 days after receiving a notice under clause 10.7(a), you must: (i) replace the security provided by you with further security for the adjusted