Return of Financial Security. The Multiplex Licensee will terminate or return the Financial Security to the Access Seeker as soon as reasonably practicable following termination or expiry of this Agreement, or determination by the Multiplex Licensee under clause 14.2(f), that a Financial Security is no longer required in respect of the Access Seeker.
Return of Financial Security on provision of further Financial Security for the next Security Period Subject to clauses 11.1 and 11.11, Powerlink must, on the applicable Security End Date return the expiring Financial Security held by Powerlink to the Owner promptly after Powerlink receives from the Owner further Financial Security, for the next Security Period, in the form of a Financial Security that complies with this clause 11.
Return of Financial Security. 11.110.1 The City covenants and agrees to return the Financial Security for the aforementioned matters upon notification by the Facility Provider or its agent that all required works for which Financial Security was submitted, have been completed. Upon confirmation by the City or its agent that the Facility Provider’s obligations under this Agreement have been completed, the City will reduce said Financial Security by ninety percent (90%) on a proportional basis of the cost of the items based on the values contained in the original Letter of Credit for $NIL or X,XXX.00. The remaining ten percent (10%) shall be held by the City for a period of one (1) year after the date of final completion in order to ensure compliance with all conditions contained herein.
