Common use of Release of Security Clause in Contracts

Release of Security. The Municipality agrees to return the said security to the Owner upon the completion and final approval of the works specified in this Agreement which approval is at the Municipality’s sole discretion.

Release of Security. The Municipality Town agrees to return the said security to the Owner upon the completion and final approval of the works specified in this Agreement which approval is at the MunicipalityTown’s sole discretion.

Release of Security. The Municipality agrees to return the said security to the Owner upon the completion and final approval of the works specified in this Agreement which approval is at the Municipality’s sole discretiondiscretion acting reasonably.