Common use of Return of Bank Guarantee Clause in Contracts

Return of Bank Guarantee. Aurizon Network must, subject to its rights of recourse to the Bank Guarantee under this clause 11, return the Bank Guarantee to the Customer: (a) if this Agreement is terminated under clause 2.3(a), promptly after it is terminated; (b) if this Agreement is terminated by Aurizon Network under clause 6.5, promptly after the Customer has lent to Aurizon Network under this Agreement the maximum aggregate amount that the Customer is obliged to lend to Aurizon Network under this Agreement; or (c) otherwise, within two months after the date Aurizon Network provides the Rail Study Report to the Customer under clause 7.4.

Appears in 2 contracts

Sources: Funding Agreement, Funding Agreement