Common use of Return of Security Fund Clause in Contracts

Return of Security Fund. Upon the later of the date one hundred and twenty (120) days after the termination of this Agreement for any reason or the date of the completion of removal of the Facilities from and associated repair of the Inalienable Property and other property and equipment of the City pursuant to Section 11.4.1 hereof, the Company shall be entitled to the return of the Security Fund deposited pursuant to Section 5 and Appendix C hereof, or such portion thereof as remains on deposit at said termination, provided that all offsets necessary (a) to compensate the City pursuant to Section 5.2 and/or Section 5.3 hereof, (b) to cover any costs, loss or damage incurred by the City as a result of any Event of Default, in the event of termination of this Agreement by the City pursuant to Section 11.3 hereof, and (c) to reimburse the City for the cost of removal of the Facilities pursuant to Section 11.4.2 hereof have been taken by the City.