Common use of Partial Release of Assurances Clause in Contracts

Partial Release of Assurances. The City may issue a partial release of assurances, releasing some of the Subdivision from this Agreement if both of the following have occurred: All of the Improvements that are required for, benefit, or serve the released lots have been completed in accordance with Paragraph 6 of this Agreement; and The City determines that the released lots and the Improvements that are required for, benefit, or serve the released lots can be used and maintained separately from the Improvements that are not yet completed.

Partial Release of Assurances. The City may issue a partial release Release of assurances, releasing Assurances for some of the lots created by the Subdivision from this Agreement Plat if both of the following have occurred: : a. All of the Improvements that are required for, benefit, or serve in connection with the released lots have been completed in accordance with Paragraph 6 5 of this Agreement; and and b. The City determines finds that the released lots and the Improvements that are required for, benefit, or serve in connection with the released lots can be used and maintained separately from the Improvements that are not yet completed.

Partial Release of Assurances. The City may issue a partial release Release of assurances, releasing Assurance for some of the lots created by the Subdivision from this Agreement Plat if both of the following have occurred: : a. All of the Improvements that are required for, benefit, or serve in connection with the released lots have been completed in accordance with Paragraph 6 5 of this Agreement; and and b. The City determines finds that the released lots and the Improvements that are required for, benefit, or serve in connection with the released lots can be used and maintained separately from the Improvements that are not yet completed.