Common use of Return of Performance Security Deposit Clause in Contracts

Return of Performance Security Deposit. In the event of a termination of this Agreement prior to the occurrence of Financial Closing due to a GOB Event of Default or BPDB Event of Default, as the case may be, the GOB shall, promptly, upon such termination, procure the return of the Performance Security Deposit by BPDB (without any drawings thereon) to the Company.

Appears in 12 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

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Return of Performance Security Deposit. In the event of a termination of this Agreement prior to the occurrence of Financial Closing due to a GOB Event of Default or BPDB Event of Default, as the case may be, the GOB shall, promptly, upon such termination, procure the return of the Performance Security Deposit by BPDB (without any drawings thereon) to the Company.

Appears in 7 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

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