When does Deposit Bonds terminates ?

The Deposit Bond expires on the earliest of:

• the contract for Sale being completed
• the Expiry Date
• the Contract for Sale being terminated or rescinded and the purchaser being entitled to a refund of the deposit
• payment to the Vendor by the Insurer of The Maximum Bond Amount or such part as the vendor may require and
• payment to the Vendor by the Purchaser of The Maximum Bond Amount or such part as the vendor may require