SURETY DEFICIENCY. In the event that, pursuant to the terms of this Agreement, the City has the right to draw against any Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Developer as required herein, Developer agrees that upon being billed by City, Developer will pay said deficient amount to the City within thirty (30) days of said billing to Developer. If there should be an overage in the amount of utilized security City will, upon making said determination, within a reasonable time period refund to Developer any monies which City has in its possession which are in excess of the Surety needed by City. All Surety money deposited with City shall be used by City for the purposes for which the Surety was given.
SURETY DEFICIENCY. In the event that, pursuant to the terms of this Agreement, the City has the right to draw against the Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Developer as required herein, Developer agrees that upon being billed by City, Developer will within thirty (30) days of said billing to Developer (i) pay said deficient amount to the City or (ii) provide a replacement surety. If there should be an overage in the amount of utilized security, City will, upon making said determination, within a reasonable time period refund to Developer any monies which City has in its possession which are in excess of the Surety needed by City. All Surety money deposited with City shall be used by City for the purposes set forth in this Agreement for which the Surety was given.
SURETY DEFICIENCY. In the event that, pursuant to the terms of this Agreement, the City has the right to draw against any Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Developer as required herein, Developer agrees that upon being billed by City, Developer will pay said deficient amount to the City within thirty
SURETY DEFICIENCY. In the event that, pursuant to the terms of this Agreement, the City has the right to draw against the Project Land Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Project Land Owner as required herein, Project Land Owner agrees that upon being billed by City, Project Land Owner will within thirty (30) days of said billing to Project Land Owner (i) pay said deficient amount to the City or (ii) provide a replacement surety. If there should be an overage in the amount of utilized security, City will, upon making said determination, within a reasonable time period refund to Project Land Owner any monies which City has in its possession which are in excess of the Project Land Surety needed by City. All Project Land Surety money deposited with City shall be used by City only for the purposes set forth in this Agreement for which the Project Land Surety was given.
SURETY DEFICIENCY. In the event that, pursuant to the terms of this Agreement, the City has the right to draw against the Retained Property Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Owner as required herein, Owner agrees that upon being billed by City, Owner will within thirty (30) days of said billing to Owner (i) pay said deficient amount to the City or (ii) provide a replacement surety. If there should be an overage in the amount of utilized security, City will, upon making said determination, within a reasonable time period refund to Owner any monies which City has in its possession which are in excess of the Retained Property Surety needed by City. All Retained Property Surety money deposited with City shall be used by City only for the purposes set forth in this Agreement for which the Retained Property Surety was given.
SURETY DEFICIENCY. In the event that, pursuant to the terms of this Agreement, the City has the right to draw against the Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Developer as required herein, Xxxxxxxxx agrees that upon being billed by City, Developer will within thirty (30) days of said billing to Developer
SURETY DEFICIENCY. In the event that, pursuant to the terms of this Agreement, the City has the right to draw against the Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Sponsor as required herein, Sponsor agrees that upon being billed by City, Developer will within thirty (30) days of said billing to Sponsor (i) pay said deficient amount to the City or (ii) provide a replacement surety. If there should be an overage in the amount of utilized security, City will, upon making said determination, within a reasonable time period refund to Sponsor any monies which City has in its possession which are in excess of the Surety needed by City. All Surety money deposited with City shall be used by City for the purposes set forth in this Agreement for which the Surety was given.
SURETY DEFICIENCY. In the event that, pursuant to the terms of this Amendment, the City has the right to draw against the Phase 2 Surety, and in the event that the funds available thereunder are deficient in amount to pay or reimburse City the amounts due from Developer as required herein, Xxxxxxxxx agrees that upon being billed by City, Developer will within thirty
