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(b) within 14 Days following Effective Date, a performance bond in an amount equal to the then effective Required Performance Bond Amount and in the form set out in Exhibit E - Performance Bond, issued by an Acceptable Bank (the "performance Bond"); a Financial Bond in an amount equal to the Required Financial Bond and in the form as set out in Exhibit E - Financial Bond, issued by an Acceptable Bank (the "Financial Bond")2
(b) If the Advance Payment Bond or the Performance Bond or the Financial Bond in force at any time will, according to its terms, expire before the applicable date specified in Section 9.2(a), then at any time within the 30 Days prior to such expiry Company may draw down the full value of the Advance Payment Bond or the Performance Bond (as applicable) and retain the proceeds so drawn until the earlier to occur of (i) 10 Business Days following the provision of a replacement Advance Payment Bond or Performance Bond in accordance with this Article 9 and (ii) the expiration of the applicable period specified in Section 9.2(a), and may apply all or part of the proceeds so retained in any circumstances where it would otherwise have been entitled to draw upon the Advance Payment Bond or the Performance Bond under this Agreement.
(c) If at any time prior to the expiration of the period specified in Section 9.2(a) the bank or financial institution issuing the Advance Payment Bond or the Performance Bond or Financial Bond ceases to have an Acceptable Credit Rating, Contractor shall cause a new Advance Payment Bond or Performance Bond or Financial Bond to be issued to the Company by an Acceptable Bank in accordance with the requirements of this Article 9 within 14 Days following receipt of Notice from Company, and upon delivery of the replacement Advance Payment Bond or Performance Bond or Financial Bind Company shall return the previous Advance Payment Bond Performance Bond or Financial Bond to Contactor.
(d) Within 20 Business Days following any increase in the Required Performance Bond Amount or Financial Bond, Contractor shall cause the amount of the Performance Bond or Financial Bond to be increased to the Required Performance Bond Amount or Financial Bond.
(e) Within 20 Business Days following any draw on the Performance Bond or the Financial Bond by Company in accordance with this Agreement, Contractor shall cause the amount of the Performance Bond or Financial Bond to be restored to the then-effective Required Performance Bond Amount or the required Financial Bond amount.