Return of Security Clause Samples
The 'Return of Security' clause outlines the conditions under which any security provided—such as a deposit, bond, or guarantee—must be returned to the party that supplied it. Typically, this clause specifies that the security will be returned once all contractual obligations have been fulfilled, such as the completion of services or payment of outstanding amounts. By clearly defining when and how security is to be returned, this clause protects the interests of the party providing the security and ensures that it is not withheld longer than necessary, thereby promoting fairness and trust between the parties.
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Return of Security. When the Obligations have been paid in full, Agent shall promptly deliver the certificates representing the Shares then held by it and all related stock powers to Pledgor.
Return of Security. So long as Tenant is not in default in the performance of any of its obligations under this Lease, any part of the Security not used, applied, or retained by Landlord shall be returned, without interest, to Tenant within thirty (30) days after the end of the Term, subject to Landlord’s final inspection of the Premises. Notwithstanding the foregoing, if Landlord, in its sole discretion, has sufficient evidence that the Security has been assigned to an assignee of this Lease, then Landlord shall return the Security to such assignee and, upon such return, will be released from all liability with respect to the Security.
Return of Security. QR Network must repay or return to the Operator (and where appropriate provide to the Operator any necessary releases in relation to) any Security provided by the Operator under Clause 2.4:
(a) subject to QR Network’s rights of recourse to the Security in Clause 2.5, promptly after the Termination Date;
(b) on receipt of an additional or replacement Security provided by the Operator in accordance with Clause 2.4(c) or 2.4(f); or
(c) following a review pursuant to Clause 2.4(g), QR Network, acting reasonably, finds that it is not necessary for the Operator to provide QR Network with a Security.
Return of Security. Provided that no Default or Event of Default has occurred and is continuing, the balance of the Security (if any) shall be returned to Lessee within ***** after full and final performance by Lessee of all of its obligations under all of the Lessee’s Documents.
Return of Security. Aurizon Network must return to the Access Holder (and, where appropriate, give the Access Holder any necessary releases in relation to) any Security provided by the Access Holder under this clause 6:
(a) subject to Aurizon Network’s rights of recourse to the Security under clause 6.6, promptly and in any event within 10 Business Days after the date of termination or expiry of this Agreement;
(b) on the Access Holder delivering to Aurizon Network any replacement Security under clause 6.3(b)(iv), 6.4(c)(iv) or 6.5 which satisfies the requirements of this clause 6; or
(c) if, after a review pursuant to clause 6.7, Aurizon Network considers, acting reasonably, that it is no longer necessary for the Access Holder to provide Aurizon Network with Security under this clause 6.
Return of Security. The Security is a part of the consideration for execution of this Lease. If Lessee shall have fully performed all terms and conditions of this Lease, any cash deposit security shall be paid to Lessee within thirty (30) days following the termination (or expiration) date without interest; otherwise the Port shall, in addition to any and all other rights and remedies available under this Lease or at law or equity, retain title thereto.
Return of Security. The Security is a part of the consideration for execution of this Lease. If Tenant shall have fully performed all terms and conditions of this Lease, any cash deposit security shall be paid to Tenant within thirty (30) days following the termination (or expiration) date without interest; otherwise the Port shall, in addition to any and all other rights and remedies available under this Lease or at law or equity, retain title thereto.
Return of Security. Aurizon Network must return to the End User (and, where appropriate, give the End User any necessary releases in relation to) any Security provided by the End User under this clause 6:
(a) subject to Aurizon Network’s rights of recourse to the Security under clause 6.6, promptly after the date of termination or expiry of this Agreement;
(b) on the End User delivering to Aurizon Network any replacement Security under clause 6.3(b)(iv), 6.4(e) or 6.5 which satisfies the requirements of this clause 6; or
(c) if, after a review pursuant to clause 6.7, Aurizon Network considers, acting reasonably, that it is no longer necessary for the End User to provide Aurizon Network with Security under this clause 6.
Return of Security. Subject to Clause 3.7(c) of the End User Access Agreement, Aurizon Network must repay or return to the Operator (and where appropriate provide to the Operator any necessary releases in relation to) any Security provided by the Operator under Clause 2.4:
(a) subject to Aurizon Network’s rights of recourse to the Security in Clause 2.5, promptly after the Termination Date;
(b) on receipt of an additional or replacement Security provided by the Operator in accordance with Clause 2.4(c) or 2.4(f); or
(c) following a review pursuant to Clause 2.4(g), Aurizon Network, acting reasonably, finds that it is not necessary for the Operator to provide Aurizon Network with a Security.
Return of Security. Aurizon Network must repay or return to the End User (and where appropriate provide to the End User any necessary releases in relation to) any Security provided by the End User under Clause 3.4:
(a) subject to Aurizon Network’s rights of recourse to the Security in Clause 3.5, promptly after the Termination Date;
(b) on receipt of an additional or replacement Security provided by the End User in accordance with Clause 3.4(c) or 3.4(f); or
(c) following a review pursuant to Clause 3.4(g), Aurizon Network, acting reasonably, finds that it is not necessary for the End User to provide Aurizon Network with a Security.