Reduction after Acceptance Sample Clauses

Reduction after Acceptance. Upon acceptance by the Village of all Public Improvements, the Village agrees to reduce the Financial Security Instrument to ten
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Reduction after Acceptance. Upon acceptance by the Village of all Public Improvements, the Village agrees to reduce the Financial Security Instrument to ten (10) percent of the total cost of the Public Improvements. The Village shall return any unused funds drawn from a Financial Security Instrument to Developer or the institution that provided the Financial Security Instrument after Developer’s Improvement guarantee obligations of this Agreement have been satisfied. Notwithstanding anything otherwise set forth herein, the amount of surety required at any time shall comply with Wis. Stat. § 236.13.
Reduction after Acceptance. Upon acceptance by the Village Board of all Public Improvements, the Village shall reduce the amount of the Financial Security Instrument to 10 percent of the total cost of the Public Improvements.

Related to Reduction after Acceptance

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