Common use of Release of Deposit Clause in Contracts

Release of Deposit. If Restoration has been constructed to the reasonable satisfaction of the City, then the City will release ninety percent (90%) of the Deposit that is associated with the Restoration. Further, if three (3) years after final Installation/Acceptance of the and the Restorations are then free of defects, normal wear and tear excepted, the City will release the remaining amount of the Deposit.

Release of Deposit. If Restoration has been constructed to the reasonable satisfaction of the City, then the City will release ninety percent (90%) of the Deposit that is associated with the Restoration. Further, if three (3) years after final Installation/Acceptance of the and the Restorations are then free of defects, normal wear and tear excepted, the City will release the remaining amount of the Deposit.

Release of Deposit. If Restoration has been constructed to the reasonable satisfaction of the City, then the City will release ninety percent (90%) of the Deposit that is associated with the Restoration. Further, if three (3) years after final InstallationRestoration/Acceptance of the and the Restorations are then free of defects, normal wear and tear excepted, the City will release the remaining amount of the Deposit.