Replacement of Bonds. If a Bond ceases to satisfy the requirements of clause 4.2, then the relevant Franchisee must: (a) promptly notify the State of that circumstance; and (b) within 20 Business Days of being requested to do so, procure the issue to the State of a replacement bond which satisfies the requirements of clause 4.
Appears in 2 contracts
Sources: Franchise Agreement, Franchise Agreement