Common use of On Settlement Clause in Contracts

On Settlement. If the Buyer has provided a Bank Guarantee instead of paying the Deposit (or any part thereof) the Buyer must pay the Deposit (or any outstanding part thereof) to the Seller and in exchange the Deposit Holder will return the Bank Guarantee to the Buyer.

Appears in 4 contracts

Samples: Contract of Sale, Contract of Sale, Contract of Sale

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