Common use of Release of assurances Clause in Contracts

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 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 68, 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 8 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 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 satis­factory completion and the Town’s acceptance of the Improvements in accordance with paragraph 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 assurancesassurance, releasing some of the Subdivision Property 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 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 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 68, 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 Property 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 8 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 Optionee and the Optionee Trustee under this Agreement shall be released, and a release of assurances issued by the Town Engineer, only upon the SubdividerOptionee’s satisfactory completion and the Town’s acceptance of the Improvements in accordance with paragraph 6, or the SubdividerOptionee’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 one or more of the Subdivision Subject Lots 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.