The Deposit Bond expires on the earliest of:

(i) the contract for Sale being completed;
(ii) the Expiry Date;
(iii) the Contract for Sale being terminated or rescinded and the purchaser being entitled to a refund of the deposit;
(iv) payment to the Vendor by the Insurer of The Maximum Bond Amount or such part as the vendor may require; and
(v) payment to the Vendor by the Purchaser of The Maximum Bond Amount or such part as the vendor may require.