Common use of USER’S OBLIGATIONS Clause in Contracts

USER’S OBLIGATIONS. User must, within 5 Business Days after ADEWAP has recourse to the Bank Guarantee under clause 13.1, either: (a) procure an increase to the Bank Guarantee so as to restore the Bank Guarantee to the Security Amount; or (b) procure and provide to ADEWAP a replacement Bank Guarantee for the Security Amount and, upon receipt of the replacement Bank Guarantee, ADEWAP must return to User the Bank Guarantee which is being replaced.

Appears in 4 contracts

Samples: Reference Service Agreement, Reference Service Agreement, Reference Service Agreement

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