Common use of Insufficient Financial Security Instrument Amount Clause in Contracts

Insufficient Financial Security Instrument Amount. If the amount provided by a Financial Security Instrument is not sufficient to secure the Developer’s performance of this Agreement, then the Village shall notify the Developer of the necessary increase in the Financial Security Instrument, or the additional amounts due, and the Developer agrees to increase the Financial Security Instrument or pay the Village for such additional costs within 30 days of receipt of notification.