Release of assurances. The obligations of Subdivider and Surety under the Agreement shall be released, 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.
Appears in 4 contracts
Samples: Performance Bond Agreement, Performance Bond Agreement, Performance Bond Agreement
Release of assurances. The obligations of Subdivider and Surety 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.
Appears in 4 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
Release of assurances. The obligations of Subdivider and Surety Trustee under the this Agreement shall be released, 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 7Paragraph 6, or the Subdivider’s tender and City’s acceptance acceptance of substitute assurancesassurances for completion of the Improvements.
Appears in 2 contracts
Samples: Agreement to Construct Subdivision Improvements, Agreement to Construct Subdivision Improvements
Release of assurances. The obligations of Subdivider and Surety under the this 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 77 or 8, or the Subdivider’s tender and City’s acceptance acceptance of the substitute assurancesassurances.
Appears in 1 contract
Samples: Subdivision Improvement Agreement
Release of assurances. The obligations of the Subdivider and Surety the Trustee under the this Agreement shall be released, and a release of assurances issued by the City EngineerTown Manager, only upon the Subdivider’s satisfactory completion and Citythe Town’s acceptance of the Improvements in accordance with Paragraphs 6 and 7Section 8, or the Subdivider’s tender and Citythe Town’s acceptance acceptance of substitute assurancesassurances for completion of the Improvements.
Appears in 1 contract
Samples: Substitute Assurance Agreement to Construct Subdivision Improvements
