Release of assurances. The obligations of Subdivider under the Agreement shall be released, the Account released to the Subdivider, and a release of assurances issued by the City Engineer, only upon Subdivider’s satisfactory completion and City’s acceptance of the Improvements in accordance with Paragraphs 6 and 7, or the Subdivider’s tender and City’s acceptance of substitute assurances.
Release of assurances. The obligations of the Subdivider and the Trustee under this Agreement shall be released, and a release of assurances issued by the Town Engineer, only upon the Subdivider’s satisfactory completion and the Town’s acceptance of the Improvements in accordance with paragraph 6, or the Subdivider’s tender and the Town’s acceptance of substitute assurances for completion of the Improvements. Partial release of assurances. The Town 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 Town 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.
Release of assurances. The obligations of the Subdivider under this Agreement shall be released, the Account released to the Subdivider, and a release of assurances issued by the Town Engineer, only upon the Subdivider’s satisfactory completion and the Town’s acceptance of the Improvements in accordance with paragraph 8, or the Subdivider’s tender and the Town’s acceptance of substitute assurances for completion of the Improvements. Partial release of assurances. The Town may issue a partial release of assurances, authorizing the Subdivider to reduce the cash value of the Account, if the Town Engineer determines that the remaining cash value of the Account is sufficient to perform the Subdivider’s remaining obligations under paragraphs 1 and 2 of this Agreement, plus a reasonable contingency.
Release of assurances. This Agreement shall be released by the City and a Release of Assurances shall be given by the City Engineer only upon satisfactory completion and acceptance by the City of the Improvements in accordance with Paragraph 5 or the tender by Subdivider and acceptance by the City of substitute assurances.
Release of assurances. Upon completion of all improvements required under this Agreement or upon receipt of acceptable substitute assurances replacing this Agreement, the County shall release the Assurances in this Agreement.
Release of assurances. The obligations of the Subdivider under this Agreement shall be released, the Letter of Credit released to the Subdivider, and a release of assurances issued by the Town Engineer, only upon the Subdivider’s satisfactory completion and the Town’s acceptance of the Improvements in accordance with paragraph 8, or the Subdivider’s tender and the Town’s acceptance of substitute assurances for completion of the Improvements. Partial release of assurances. The Town may issue a partial release of assurances, authorizing the Subdivider to reduce the face amount of the Letter of Credit, if the Town Engineer determines that the remaining face amount of the Letter of Credit is sufficient to perform the Subdivider’s remaining obligations under paragraphs 1 and 2 of this Agreement, plus a reasonable contingency.
Release of assurances. The obligations of the Developer under this Agreement shall be released, the Cash returned to the Developer, and a release of assurances issued by the Town Engineer, only upon the Developer’s satisfactory completion and the Town’s ac- ceptance of the improvements constituting the Developer Joplin Lane Construction Obliga- tion in accordance with paragraph 6(C) above, or the Developer’s tender and the Town’s ac- ceptance of substitute assurances for completion of the improvements.
Release of assurances. Each Seller shall, at the cost of that Seller, execute and deliver all documents, and use all reasonable endeavours to take all other actions as the Buyer may reasonably request from time to time after Completion, in order to effect the release and discharge in full (on a non-recourse basis to the Buyer and the Company) of any Assurance given by the Company (other than any Assurance in relation to any directors’ and officers’ liability insurance policy maintained by the Company) to any person in respect of any obligation of that Seller or any Associate of that Seller.
Release of assurances. Each Seller shall, at the cost of that Seller, execute and deliver all documents, and use all reasonable endeavours to take all other actions as the Parent or the Buyer may reasonably request from time to time after Completion, in order to effect the release and discharge in full (on a non-recourse basis to the Parent, the Buyer and the Company) of any Assurance given by the Company to any person in respect of any obligation of that Seller or any Associate of that Seller. Pending each such release and discharge, the relevant Seller shall pay to the Buyer on demand the amount of all Losses incurred by the Company arising directly or indirectly from or in connection with any such Assurance given by the Company to any person in respect of any obligation of that Seller or any Associate of that Seller.
Release of assurances. 8.1 The Seller shall at its own cost execute and deliver all documents, and use all reasonable endeavours to take all other actions as the Buyer may reasonably request from time to time after Closing, in order to effect the release and discharge in full (on a non-recourse basis to the Buyer) of any Assurance given by the Company to any person in respect of any obligation of the Seller or any member of the Seller’s Group. Pending each such release and discharge, the Seller shall pay to the Buyer on demand the amount of all Losses incurred by the Buyer arising directly or indirectly from or in connection with any such Assurance.
