Return of Bank Guarantee. Subject to clause 9.2, provided that the Developer has complied with its obligations under this Agreement, to pay the Development Contribution or any other amount payable under this Agreement, the Council will return the Bank Guarantee to the Developer.
Return of Bank Guarantee. Provided that the Developer has complied with its obligations under this Agreement including payment of the Development Contribution the Council will return the Bank Guarantee to the Developer. Where the work for the Public Purpose has been partly undertaken and paid for by the Council, the Council will return a bank guarantee forming part of the Bank Guarantee, where the costs of the work undertaken are equal to or more that a bank guarantee forming part of the Bank Guarantee.
Return of Bank Guarantee. Subject to clause 12.3 and 6.16 herein, provided that the Developer has complied with all of its obligations under this Agreement, including provision of the Development Contribution, the Council will return the Bank Guarantee to the Developer within 14 days of the Developer’s written request once the Developer has complied with all their obligations under this Agreement.
Return of Bank Guarantee. Aurizon Network must, subject to its rights of recourse to the Bank Guarantee under this clause 12, return the Bank Guarantee to the Study Funder:
(a) if this Agreement is terminated under clause 2.3(a), promptly after the date of termination;
(b) if this Agreement is terminated under clause 5.3(e) or 9.5(c), promptly after the date on which the Study Funder pays to Aurizon Network all amounts which are due for payment by the Study Funder under any Drawdown Notices given by Aurizon Network;
(c) if this Agreement is terminated under clause 17, within four months after the date of termination; or
(d) otherwise, within two months after the date Aurizon Network provides the Rail Study Report to the Study Funder under clause 7.4.
Return of Bank Guarantee. If, following the termination of this Agreement and receipt by ADEWAP of all amounts due by User to it under this Agreement, all or any part of the Bank Guarantee has not been applied by ADEWAP pursuant to clause 13.1, ADEWAP will promptly return the Bank Guarantee to User.
Return of Bank Guarantee. Council must return the remaining Bank Guarantees (if any) to the Developer within thirty (30) days from the expiration of the Defects Liability Period for the last Item of Works that is Completed.
Return of Bank Guarantee. Council must return the Bank Guarantee (if any) within one (1) month after:
(1) the Developer has dedicated the Designated Land to Council in accordance with this agreement; or
(2) the determination of this agreement.
Return of Bank Guarantee. Aurizon Network must, subject to its rights of recourse to the Bank Guarantee under this clause 11, return the Bank Guarantee to the Customer:
(a) if this Agreement is terminated under clause 2.3(a), promptly after it is terminated;
(b) if this Agreement is terminated by Aurizon Network under clause 6.5, promptly after the Customer has lent to Aurizon Network under this Agreement the maximum aggregate amount that the Customer is obliged to lend to Aurizon Network under this Agreement; or
(c) otherwise, within two months after the date Aurizon Network provides the Rail Study Report to the Customer under clause 7.4.
Return of Bank Guarantee. (a) AEMO must return each Bank Guarantee to the issuing bank or, if requested by the Reserve Provider, to the Reserve Provider, within 5 Business Days of whichever of the following events occurs first:
a) the date on which the Reserve Provider has discharged all payment obligations to AEMO under the reserve contract; and
b) the date on which AEMO receives in cleared funds the total amount payable under the Bank Guarantee.
(b) Within 10 Business Days of the date on which the Reserve Provider has discharged all payment obligations to AEMO under the reserve contract, AEMO must provide the Reserve Provider with a notice confirming that all of the Reserve Provider's payments under the reserve contract have been met. Annexure to Schedule 4 - Conditions Subsequent Each condition subsequent applying to the reserve described in Item 3 and condition subsequent fulfilment date is listed in the table below:
1. The Reserve Provider must complete a test of the pre-activation, activation and de-activation of the reserve under instruction from AEMO to AEMO’s reasonable satisfaction. This test requires the Reserve Provider to perform the following actions in sequence (failure to perform these actions in sequence will constitute a failure to complete this test satisfactorily): • pre-activate the reserve within the pre-activation lead time; • provide load reduction at a level in accordance with activation instructions issued by AEMO; and • de-activate under instructions from AEMO within the de-activation lead time.
2. The procedures relevant to the provision of reserve that have been accepted by relevant consumers must be provided to AEMO (if some procedures are generic, a typical procedure will suffice). The procedures must include information protocols and indicate the steps to be carried out for: • pre-activation, activation and de-activation of that part of the reserve; and • the notifications and responses required for each notification of the reserve’s availability, for each part of the reserve that relates to each relevant consumer.
3. The Reserve Provider must demonstrate to AEMO’s reasonable satisfaction that the required notifications can be provided to the operator of each part of the reserve in sufficient time to allow the reserve to be activated in accordance with the contracted levels of performance. Pre-activation and activation are not required as part of this demonstration.
4. Where the provision of reserve relies on standby generation being available to sup...
Return of Bank Guarantee. (a) AEMO must return each Bank Guarantee to the issuing bank or, if requested by the Reserve Provider, to the Reserve Provider, within 5 Business Days of whichever of the following events occurs first:
a) the date on which the Reserve Provider has discharged all payment obligations to AEMO under the reserve contract; and
b) the date on which AEMO receives in cleared funds the total amount payable under the Bank Guarantee.
(b) Within 10 Business Days of the date on which the Reserve Provider has discharged all payment obligations to AEMO under the reserve contract, AEMO must provide the Reserve Provider with a notice confirming that all of the Reserve Provider's payments under the reserve contract have been met. Each condition subsequent applying to the reserve described in Item 3 and condition subsequent fulfilment date is listed in the table below: 1 The Reserve Provider must complete a test of the pre-activation, activation and de-activation of the reserve equipment under instruction from AEMO to AEMO’s reasonable satisfaction. This test requires the reserve equipment to perform the following actions in sequence (failure to perform these actions in sequence will constitute a failure to complete this test satisfactorily): • pre-activate the reserve equipment within the pre-activation lead time; • generate at a level above the greater of the minimum operating level and the market capacity, and in accordance with activation instructions issued by AEMO; and • de-activate under instructions from AEMO within the de- activation lead time. During the test: • All automatic control systems, for example, the excitation control system and governor system, must be operated in their automatic regulating mode; • The reserve equipment must be operated in a constant and stable manner; and • If AGC is installed, the reserve equipment must be operated under AGC control. Trend display printouts of the performance of the reserve equipment must be provided to AEMO as evidence of completion of this test.