Common use of Repayment of Proceeds Clause in Contracts

Repayment of Proceeds. If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition in Section 3.5 for release of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 after such repayment becomes due), the proceeds from presenting the Financing and Initial Performance Letter of Credit.

Repayment of Proceeds. If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition conditions in Section 3.5 for release or reduction of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 five Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 9.9 after such repayment becomes due), the proceeds (or as applicable the relevant portion of such proceeds as are equal in amount to the reduction in the Financing and Initial Performance Letter of Credit to which the Contractor is entitled under Section 3.5) from presenting the Financing and Initial Performance Letter of Credit.

Repayment of Proceeds. ‌ If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition in Section 3.5 for release of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 after such repayment becomes due), the proceeds from presenting the Financing and Initial Performance Letter of Credit.

Repayment of Proceeds. ‌ If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b3.5(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition conditions in Section 3.5 3.4 for release of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 five Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 9.9 after such repayment becomes due), the proceeds from presenting the Financing and Initial Performance Letter of Credit.

Repayment of Proceeds. If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition conditions in Section 3.5 for release of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 five Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 9.9 after such repayment becomes due), the proceeds from presenting the Financing and Initial Performance Letter of Credit.

Repayment of Proceeds. ‌ If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition conditions in Section 3.5 for release or reduction of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 five Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 9.9 after such repayment becomes due), the proceeds (or as applicable the relevant portion of such proceeds as are equal in amount to the reduction in the Financing and Initial Performance Letter of Credit to which the Contractor is entitled under Section 3.5) from presenting the Financing and Initial Performance Letter of Credit.

Repayment of Proceeds. If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition conditions in Section 3.5 for release of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 five Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 9.9 after such repayment becomes due), the proceeds from presenting the Financing and Initial Performance Letter of Credit.

Repayment of Proceeds. If the Province presents the Financing and Initial Performance Letter of Credit under Section 3.6(b) or (c), and if thereafter, but prior to termination of this Agreement, the Contractor meets the condition conditions in Section 3.5 for release of the Financing and Initial Performance Letter of Credit, then the Province shall within 10 five Business Days thereafter repay to the Contractor, without interest (excepting only interest accruing pursuant to Section 9.8 9.9 after such repayment becomes due), the proceeds from presenting the Financing and Initial Performance Letter of Credit.