Common use of Release of Additional Approved Security Clause in Contracts

Release of Additional Approved Security. If the Subcontractor has given the Contractor additional Approved Security for payment for unfixed goods and materials, the Contractor must release such security to the Subcontractor when those goods and materials are incorporated into the Subcontract Works.

Release of Additional Approved Security. If the Subcontractor has given the Contractor additional Approved Security for payment for unfixed goods and materials, the Contractor must release such security it to the Subcontractor when once those goods and materials are incorporated into the Subcontract Works.