Release of Surety. Xxx Xxxxxxxxxx shall upon vesting of the Works and subject to the Developer having secured in
Release of Surety. 10.1 The Surety is not to be released from any liability under this Bond by reason of
Release of Surety. Where a Guarantee has been provided in support of a Bus Lease, the Lessor will release the guarantor from its obligations under the Guarantee, but only with respect to obligations incurred under the Bus Lease after the date of novation of the Bus Lease.
Release of Surety. The release of the Surety will be subject to the satisfactory performance by Concessionaire of all terms, conditions, and covenants contained herein throughout the entire Term. Upon termination of this Agreement, the release of Surety will not occur until all rents, fees, charges, and other payments due to City are satisfied and City has accepted the findings of Concessionaire’s audit or has successfully conducted an audit in accordance with the provisions of Section 5.10 of this Agreement. In the event of a dispute as to the condition of the Premises, only the amount in dispute will be retained for remedy. City shall release the Surety without interest within thirty (30) days of meeting the above requirements.
Release of Surety. The Surety may at any time hereafter take such steps as it may deem necessary or proper to obtain its release from any and all liability under any bonds, and to secure and further indemnify itself against loss, and all damages and expenses which the Surety may sustain or incur, or be put to, in obtaining such release, or in further securing itself against loss, shall be borne and paid by the Undersigned. In addition, the Undersigned will, on request of the Surety, procure the discharge of the Surety from any such bond, and from all liability by reason thereof. Such request may be made and such discharge procured whether or not the Principal is in default or any undertaking underwritten by the Surety.
Release of Surety. S.23.1 Xxx Xxxxxxxxxx shall upon the issue of the Final Certificate repay to the Developer the Deposited Sum or the balance thereof remaining in its hands or release the Surety from its obligations as the case may be SECOND SCHEDULE (Provisions applying to Diverted sewers or public Lateral Drains under Clause 7 of the Agreement: Optional Clauses)
Release of Surety. None of the following or any combination of them shall release, discharge or lessen or affect the liability of the Surety under this Lease:
Release of Surety. The release of the Surety will be subject to the satisfactory performance by Concessionaire of all terms, conditions, and covenants contained herein throughout the entire Term. Concessionaire acknowledges and agrees release of the Surety shall be in accordance with the procedures identified in the Concessions Handbook. In the event of a dispute between the Parties, only the amount in dispute will be retained for remedy.
Release of Surety. The City will consider the release of sureties upon the written request of the Developer. Sureties will not be released until the Developer has demonstrated that the development complies with the approved plans and applicable City Ordinances and standards. Prior to the completion of a project, the Developer may request a partial release of said surety; the City will upon inspection and approval of the improvements will partially release the surety. The City will retain a minimum of 10% of the surety until the development is completed and the Developer demonstrates that the development complies with the approved plans and applicable City Ordinances and standards, including the submission of the required as-built plans of the public infrastructure.
Release of Surety. After a warranty inspection by the Director at the end of the Warranty Period, release of the performance bond, letter of credit, or other financial security that the Owner provided pursuant to these Infrastructure Conditions will occur upon the Director’s issuance to the Owner of a letter indicating that such performance bond, letter of credit, or other financial security is released. The Director will issue such a letter only if the Director determines that, based on all City and state standards applicable to the Infrastructure Improvements, no defects remain that the Owner is required to correct.
