Release of Bond Sample Clauses

Release of Bond. The State will release the bond only by written authorization after the Joint Operator has met all Agreement obligations. Cancellation or expiration of this Agreement does not constitute release or discharge of the bond.
Sample 1Sample 2
AutoNDA by SimpleDocs
Release of Bond. The Township shall authorize the release of any bond held hereunder within sixty (60) days following the date which the Company notifies the Township that it will no longer be constructing gas xxxxx or traversing the Bonded Roadways with Over-Posted-Weight Vehicles, and has completed all Excess Maintenance to the satisfaction of the Township, less any amounts payable to the Township after Township performs an inspection of the Bonded Roadways.
Sample 1
Release of Bond. The permittee may have the bond released by the superintendent:
Sample 1
Release of Bond. If final Installation/Acceptance of the Improvements occurs by the applicable Deadline, then upon Owner’s written request City promptly shall send a written direction to Escrow Agent to release and pay Owner 90% of the amount of the Deposit. Upon its receipt of such direction, Escrow Agent shall pay such portion of the Deposit to Owner. Further, if one year after final Installation/Acceptance of the Improvements, the Improvements are then free of defects, normal wear and tear excepted, then upon Owner’s written request City promptly shall send a written direction to Escrow Agent to release and pay to Owner the remaining 10% of the Deposit remaining in the Escrow, whereupon Escrow Agent shall pay such balance of the Deposit to Owner.
Sample 1
Release of Bond. Contingent upon the receipt and certification of all funds required to be paid herein and upon execution of this Settlement Agreement and approval thereof by the bankruptcy court as required by law, the Claimants shall take such actions and execute such documents as are necessary to release their claim on the Bond and to dismiss the proceedings before the Orange County Superior Court and JAMS/ENDDISPUTE. The Claimants further agree that, contingent upon the Debtor's performance of all obligations required herein, the consideration paid by the Debtor to the Claimants pursuant to this agreement shall constitute a complete satisfaction of the Claimants' claim against the Debtor.
Sample 1
Release of Bond. Within sixty (60) days of achievement of adequate stabilization of the land- disturbing activity, the Bond, or any unexpended or unobligated portion thereof, shall be refunded to the Owner or terminated, as the case may be, upon issuance, by the Director, or a certificate of completion pursuant to § 13.1-25.
Sample 1
Release of Bond. At the conclusion of the two (2) year maintenance period, the Improvements will be inspected for purposes of acceptance for COUNTY maintenance. The COUNTY agrees to release the bond for this project upon proof, satisfactory to COUNTY, that the maintenance of the Improvements has been properly completed in compliance with COUNTY approved improvement and maintenance plans, specifications and requirements and that all costs or expenses incident to the maintenance of Improvements have been paid, including all invoices for surveying, engineering, land clearing, all labor and all materials used in the construction and installation of all the Improvements.
Sample 1
AutoNDA by SimpleDocs
Release of Bond. The COUNTY agrees to release the bond for this project only after the DEVELOPER provides proof, satisfactory to COUNTY, that such Improvements have been properly constructed and installed in compliance with COUNTY approved improvement plans, specifications and requirements and that all costs or expenses incident to the construction and installation of Improvements have been paid, including all invoices for surveying, engineering, land clearing, all labor and all materials used in the construction and installation of all the Improvements. Upon a determination that any portion or all of such improvements contained in Exhibit "A" have not been properly installed or constructed by DEVELOPER within the time limits provided above, COUNTY is authorized but not obligated to take over and perform, or enter into an agreement for performance of, any uncompleted work and to seek forfeiture of the bond to the extent necessary to fund the completion of the improvements which DEVELOPER fails to complete.
Sample 1
Release of Bond. Provided that Developer remains in compliance with the terms of this Agreement and is not in default, Borough shall not commence any action to enforce the Development Agreement or Security Agreement. Upon Developer’s payment-in-full to the Escrow Fund as described above, Borough shall release the Bond and the Surety from any obligation under the Development Agreement and/or Security Agreement.
Sample 1

Related to Release of Bond

  • Waiver of Bond In the event Secured Party seeks to take possession of any or all of the Collateral by judicial process, Debtor hereby irrevocably waives any bonds and any surety or security relating thereto that may be required by applicable law as an incident to such possession, and waives any demand for possession prior to the commencement of any such suit or action.

  • Release of Funds On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest on the Notes will become due and payable and that interest on the Notes will cease to accrue from and after the Redemption Date, unless the Issuer fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to funds then in the Bank Accounts under this Indenture according to Section 8.4(c).

  • Release of Guaranty The Note Guaranty of a Guarantor will terminate upon

  • Release of Lien (a) The Issuer shall be entitled to obtain a release from the Lien of the Indenture for any Timeshare Loan purchased, repurchased or substituted under Section 4.6 hereof, (i) upon satisfaction of each of the applicable provisions of Section 4.6 hereof, (ii) in the case of any purchase or repurchase, after a payment by the Depositor of the Repurchase Price of the related Timeshare Loan, and (iii) in the case of any substitution, after payment by the Depositor of the applicable Substitution Shortfall Amounts, if any, pursuant to Section 4.6 hereof.

  • Release of Deposit If DSI does not receive Contrary Instructions from the Depositor, DSI is authorized to release the Deposit Materials to the Preferred Beneficiary or, if more than one beneficiary is registered to the deposit, to release a copy of the Deposit Materials to the Preferred Beneficiary. However, DSI is entitled to receive any fees due DSI before making the release. Any copying expense in excess of $300 will be chargeable to Preferred Beneficiary. This Agreement will terminate upon the release of the Deposit Materials held by DSI.

  • Release of Guarantee The Note Guarantees hereunder may be released in accordance with Section 10.2 of the Indenture.

  • Release of a Guarantor (a) Upon (i) the sale or disposition of the Capital Stock of a Guarantor (other than the Company) by the Company in compliance with Section 4.16 or the consolidation or merger of a Guarantor with or into any Person in compliance with Article 5, in each case, (A) other than to the Company or a Restricted Subsidiary of the Company and (B) in a transaction following which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) the liquidation or dissolution of any Guarantor (other than the Company) in accordance with this Indenture, such Guarantor’s Guarantee pursuant to this Article 10 shall be released, and such Guarantor shall be deemed released from all Obligations under this Indenture and the Securities without any further action required on the part of the Trustee or any Holder. Any Guarantor not so released or the entity surviving such Guarantor, as applicable, shall remain or be liable under its Guarantee as provided in this Article 10. Concurrently with the defeasance or satisfaction and discharge of the Securities under Article 8 hereof, the Guarantors shall be released from all of their obligations under this Indenture and the Securities. In addition, a Guarantor’s Guarantee will also be released and such Guarantor will also be released from all Obligations under this Indenture and the Securities (x)(1) if such Guarantor is released from any and all guarantees of Indebtedness of the Issuer and the Company and (2) if such Guarantor will remain a Subsidiary of the Company, it has no other outstanding Indebtedness other than Indebtedness which could be incurred by a Restricted Subsidiary that is not a Guarantor of the Securities on the date of the proposed release of such Guarantor’s Guarantee, (y) if the Company designates such Guarantor to be an Unrestricted Subsidiary in accordance with Section 4.03 and the definition of “Unrestricted Subsidiary” or (z) the Issuer exercises its Legal Defeasance option or Covenant Defeasance option as described in Section 8.02 or if the Issuer’s obligations under this Indenture are discharged in accordance with the terms hereof.

  • Release of Guaranties WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.2, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

  • Release of Lender Borrower hereby releases, remises, acquits and forever discharges Lender, together with its employees, agents, representatives, consultants, attorneys, fiduciaries, servants, officers, directors, partners, predecessors, successors and assigns, subsidiary corporations, parent corporations, and related corporate divisions (all of the foregoing hereinafter called the “Released Parties”), from any and all actions and causes of action, judgments, executions, suits, debts, claims, demands, liabilities, obligations, damages and expenses of any and every character, known or unknown, direct and/or indirect, at law or in equity, of whatsoever kind or nature, whether heretofore or hereafter accruing, for or because of any matter or things done, omitted or suffered to be done by any of the Released Parties prior to and including the Effective Date, and in any way directly or indirectly arising out of or in any way connected to this Agreement or any of the Loan Documents or any of the transactions associated therewith, or the Mortgaged Property, including specifically but not limited to claims of usury.

  • Release of Guarantor A Guarantor shall be released from all of its obligations under its Guarantee if:

Time is Money Join Law Insider Premium to draft better contracts faster.