Common use of Return of Bank Guarantee Clause in Contracts

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. Aurizon Network must, subject to its rights of recourse to the Bank Guarantee under this clause 1211, 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(c5.3(d), 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 1716, 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.