RELEASE OF BONDS. No bond required by the Contract Documents shall be deemed released without a written release from the Owner specifically granting such release.
RELEASE OF BONDS. The Agent will release the Bonds without any further action or consent by the Banks, and deliver, at the Company’s expense, such documents to the Company or the trustee under the Indenture as the Company may reasonably require to evidence such release, upon written request by the Company accompanied by a certificate of a Designated Officer certifying that (a) no Default or Event of Default exists prior to or after giving effect to such release and (b) at least two of the three then current ratings of the Company’s senior unsecured long-term debt (without third-party credit enhancement) are as follows: (i) Baa2 or higher in the case of Xxxxx’x, (ii) BBB or higher in the case of S&P and (iii) BBB or higher in the case of Fitch.
RELEASE OF BONDS. Subject to its rights to have recourse to the Bonds, the State must release:
(a) (O&M Bond): any O&M Bond within 20 Business Days after the Handover Date; and
(b) (Handover Bond): any Handover Bond within 12 months after the Handover Date.
RELEASE OF BONDS. The City shall return or release all unsuccessful Bidders’ Bid Bonds within forty-five (45) days after the successful Bidder has been awarded the Agreement by the Airport Commission.
RELEASE OF BONDS. Upon the request of Sellers, Buyer shall assist Sellers in a commercially reasonable manner to release or cause the release or cancellation any bonds, letters of credit or guarantees posted by any Seller with Governmental Authorities and relating to the Purchased Assets. All such bonds, letters of credit or guarantees are set forth on Schedule 5.12.
RELEASE OF BONDS. The Agent will release the Bonds without any further action or consent by the Banks, and deliver, at the Company's expense, such documents to the Company or the trustee under the Indenture as the Company may reasonably require to evidence such release, upon written request by the Company accompanied by a certificate of a Designated Officer certifying that (a) no Default or Event of Default exists prior to or after giving effect to such release and (b) the then current ratings for the Company's senior unsecured long-term debt (without third-party credit enhancement) are Baa2 or higher in the case of Xxxxx'x and BBB or higher in the case of S&P.
RELEASE OF BONDS. The Surety Corporation providing the bonds for this project shall obtain a written release from the Owner prior to the expiration date of the bonds.
RELEASE OF BONDS. Simultaneously with the receipt by the ---------------- Bank of the proceeds of the sale of any Purchased Bonds in an amount equal to the principal amount of Purchased Bonds remarketed by the Remarketing Agent pursuant to the Remarketing Agreement (both as defined in the Indenture), together with any interest accrued on account of the A-Drawing, B-Drawing or C- Drawing, Purchased Bonds in the principal amount equal to the principal amount received by the Bank from said sale shall be released from the lien of this Agreement and shall be delivered to the Remarketing Agent, and such payment shall increase the amount payable on account of the A-Drawing, B-Drawing or C-Drawing, as the case may be.
RELEASE OF BONDS. Each Party hereby authorizes and agrees to the retrieval and release of any bond or security placed by any other Party or any of its Grantor Entities in any Pending Proceeding, and each Party hereby authorizes each Party’s counsel to complete, execute, and file all such documents and filings, and take such other actions, as are required for such retrieval and release of any such bond or security.
RELEASE OF BONDS. Simultaneously with the receipt by the Bank of the proceeds of the sale of any Purchased Bonds in an amount equal to the principal amount of Purchased Bonds remarketed by the Remarketing Agent pursuant to the Remarketing Agreement, together with any interest accrued on account of the Bond Purchase Drawing-Principal or Bond Purchase Drawing-Interest, Purchased Bonds in the principal amount equal to the principal amount received by the Bank from said sale shall be released from the lien of this Agreement and shall be delivered to the Remarketing Agent, and such payment shall increase the amount payable under the Letter of Credit with respect to Bond Purchase Drawings-Principal and/or Bond Purchase Drawings-Interest.
