Improvement Bonds Sample Clauses
Improvement Bonds. In accordance with Section 6.7, Buyer shall have replaced the existing improvement bonds affecting the Lots with improvement bonds obtained by Buyer and shall have obtained a release of Seller with respect to any liability for such replaced improvement bonds. 5.2
Improvement Bonds. Prior to the Close of Escrow, Buyer will obtain and provide improvement bonds for the Lots and related Improvements, deliver to Seller evidence of such bonds and obtain Seller's release under any bonds applicable to the Lots or Improvements.
Improvement Bonds. Developer will be required to provide bonds to the City each time a parcel is conveyed. These bonds will secure delivery of Backbone Infrastructure and other public facilities and amenities. (See Section 9(c).)
Improvement Bonds. Developer is obligated to post bonds with the City to ensure the completion of all Backbone Infrastructure, parks and public facilities, and the payment of labor and material costs associated with these improvements. If Developer defaults on its obligation, the bonds provide the City with all that is needed to ensure completion of the Backbone Infrastructure and other improvements.
Improvement Bonds. If applicable, Contractor hereby agrees to cooperate with and assist Owner in taking such action as is necessary to exonerate and release Owner from its obligations under any and all street, gutter, sidewalk and similar improvement bonds related to the Work for a Project, if any, as quickly as possible.