Common use of Contingency Fund Clause in Contracts

Contingency Fund. The Budget shall contain a Budget Line Item designated for the Contingency Fund. Borrower may from time to time request that the Contingency Fund be reallocated to pay needed costs of the Project. Such requests shall be subject to Agent’s written approval in its reasonable discretion. Borrower agrees that the decision with respect to utilizing portions of the Contingency Fund in order to keep the Loan “In Balance” shall be made by Agent in its reasonable discretion, and that Agent may require Borrower to make a Deficiency Deposit even if funds remain in the Contingency Fund.

Contingency Fund. The Budget shall contain a Budget Line Item designated for the Contingency Fund. Borrower may from time to time request that the Contingency Fund be reallocated to pay needed costs of the ProjectConstruction. Such requests shall be subject to AgentLender’s written approval in its reasonable discretion. Borrower agrees that the decision with respect to utilizing portions of the Contingency Fund in order to keep the Loan “In Balance” Balance shall be made by Agent Lender in its reasonable discretion, and that Agent Lender may require Borrower to make a Deficiency Deposit even if funds remain in the Contingency Fund.

Contingency Fund. The Budget shall contain a Budget Line Item designated for the Contingency Fund. Borrower may from time to time request that the Contingency Fund be reallocated to pay needed costs of the Project. Such requests shall be subject to Agent’s Lender's written approval in its reasonable discretion. Borrower agrees that the decision with respect to utilizing portions of the Contingency Fund in order to keep the Loan “In Balance” Balance shall be made by Agent Lender in its reasonable discretion, and that Agent Lender may require Borrower to make a Deficiency Deposit even if funds remain in the Contingency Fund.

Contingency Fund. The Budget shall contain a Budget Line Item designated for the Contingency Fund. Borrower may from time to time request that the Contingency Fund be reallocated to pay needed costs of the Project. Such requests shall be subject to Agent’s Lender's written approval in its reasonable discretion. Borrower agrees that the decision with respect to utilizing portions of the Contingency Fund in order to keep the Loan “"In Balance” " shall be made by Agent Lender in its reasonable discretion, and that Agent Lender may require Borrower to make a Deficiency Deposit even if funds remain in the Contingency Fund.

Contingency Fund. The Each Budget shall contain a Budget Line Item designated for the Contingency Fund. Borrower may from time to time request that the Contingency Fund be reallocated to pay needed costs of Construction for the ProjectImprovements identified in such Budget. Such requests shall be subject to AgentLender’s written approval in its reasonable discretion. Borrower agrees that the decision with respect to utilizing portions of the Contingency Fund in order to keep the Loan “In Balance” Balance shall be made by Agent Lender in its reasonable discretion, and that Agent Lender may require Borrower to make a Deficiency Deposit even if funds remain in the Contingency Fund.