Common use of Return of Balance Clause in Contracts

Return of Balance. The balance of a Competitor’s Performance Bond held by ACEA will be returned not later than thirty (30) days after the Competitor has discharged all of its obligations in relation to AC35 to the reasonable satisfaction of the Commercial Commissioner.

Appears in 2 contracts

Sources: Protocol Governing the 35th America’s Cup, Protocol Governing the 35th America’s Cup