Common use of Improvement Bonds Clause in Contracts

Improvement Bonds. In accordance with Section 6.7, Buyer shall have replaced the existing improvement bonds affecting the Lots with improvement bonds obtained by Buyer and shall have obtained a release of Seller with respect to any liability for such replaced improvement bonds. 5.2

Appears in 2 contracts

Sources: Option to Purchase Agreement (Homefed Corp), Option to Purchase Real Property (Homefed Corp)