Common use of Return of Bank Guarantee Clause in Contracts

Return of Bank Guarantee. (a) Provided that the Developer has complied with its obligations under this Deed including payment of the Development Contribution the Council will return the Bank Guarantee to the Developer. If required by the Council because it has called on the Bank Guarantee amount, the Developer shall immediately replace the Bank Guarantee with another Bank Guarantee for the full amount of the original Bank Guarantee.

Return of Bank Guarantee. (a) Provided that the Developer has complied with its obligations under this Deed Agreement including payment of the Development Contribution the Council will return the Bank Guarantee to the Developer. If required by the Council because it has called on the Bank Guarantee amount, the Developer shall immediately replace the Bank Guarantee with another Bank Guarantee for the full amount of the original Bank Guarantee.

Return of Bank Guarantee. (a) Provided that the Developer has complied with its obligations under this Deed Agreement including payment of the Development Contribution Contribution, the Council will return the Bank Guarantee to the Developer. If required by the Council because it has called on the Bank Guarantee amount, the Developer shall immediately replace the Bank Guarantee with another Bank Guarantee for the full amount of the original Bank Guarantee.

Return of Bank Guarantee. (a) Provided that the Developer has complied with its obligations under this Deed Agreement including payment of the Development Contribution or any other amount payable under this Agreement, the Council will return the Bank Guarantee to the Developer. If required by the Council because it has called on the Bank Guarantee amount, the Developer shall immediately replace the Bank Guarantee with another Bank Guarantee for the full amount of the original Bank Guarantee.

Return of Bank Guarantee. (a) Provided that the Developer has complied with its obligations under this Deed including payment of the Development Contribution the Council will return the Bank Guarantee to the Developer. If required by the Council because it has called on the Bank Guarantee amount, the Developer shall immediately replace the Bank Guarantee with another Bank Guarantee for to the full amount of the original Bank Guarantee.