How is Bond release defined in a legal contract?
- Bond release means the moment when the assigned authority gives back a reclamation or performance bond, determined on their assessment that work to restore the land (including the sealing and abandonment procedures in the case of underground mines) has been successfully completed. Seen in 15 SEC filings
- Bond release means the instance when a given authority reissues a reclamation or performance bond based on the judgement that the restoration work has been effectively completed. Seen in 12 SEC filings
- Bond release means the occasion when the suitable authority refunds a reclamation or performance bond. Seen in 2 SEC filings
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of bond release' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Bond release means the point when the [authority] returns a reclamation or performance bond, following satisfactory completion of stipulated work.
Relevant Contract Types
Relevant Circumstances
- Completion of stipulated tasks
- Completion of project
- Compliance with environmental standards
Relevant Sectors
Genie Definition 2
Bond release means [authority] refunds a reclamation or performance bond.
Relevant Contract Types
Relevant Circumstances
- Early termination of contract
- Satisfactory performance
- Contract Compliance
Relevant Sectors
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