Common use of Assurance of construction Clause in Contracts

Assurance of construction. This Agreement is submitted as an assurance that the Subdivider will construct the Improvements as required by A.R.S. § 9‑463.01(C)(8) and Marana Town Code section 17‑5‑5. Tender of cash by establishment of Account. The Subdivider has caused $Insert dollar amount to be deposited with Insert Bank Name under Account No. Insert Account Number, which funds are referred to in this Agreement as the “Account,” and which is held in the names of both the Town and the Subdivider, to be released only pursuant to the terms of this Agreement.

Assurance of construction. This Agreement is submitted as an assurance that the Subdivider will construct the Improvements as required by A.R.S. § 9‑463.01(C)(8) and Marana Town Code section 17‑5‑5. Tender of cash by establishment of Accountto Town. The Subdivider has caused delivered $Insert dollar amount to be deposited with Insert Bank Name under Account No. Insert Account Numberthe Town Engineer, which funds are referred to in this Agreement as the “AccountCash,” and which is held in the names of both the Town and the Subdivider, to be used or released only pursuant to the terms of this Agreement.

Assurance of construction. This Agreement is submitted as an assurance that the Subdivider will construct the Improvements as required by A.R.S. § 9‑463.01(C)(8) and Marana Town Code section 17‑5‑517‑5‑4. Tender of cash by establishment of Accountto Town. The Subdivider has caused delivered $Insert dollar amount to be deposited with Insert Bank Name under Account No. Insert Account Numberthe Town Engineer, which funds are referred to in this Agreement as the “AccountCash,” and which is held in the names of both the Town and the Subdivider, to be used or released only pursuant to the terms of this Agreement.

Assurance of construction. This Agreement is submitted as an assurance that the Subdivider will construct the Improvements as required by A.R.S. § 9‑463.01(C)(8) and Marana Town Code section 17‑5‑517‑5‑4. Tender of cash by establishment of Account. The Subdivider has caused $Insert dollar amount to be deposited with Insert Bank Name under Account No. Insert Account Number, which funds are referred to in this Agreement as the “Account,” and which is held in the names of both the Town and the Subdivider, to be released only pursuant to the terms of this Agreement.