Contingency Funds Sample Clauses

Contingency Funds. A Contingency fund is for the sole purpose of unforeseen issues that develop as a result of the proposed scope of work detailed in the lender approved agreements. Therefore, the contingency reserve fund is not to be used for work that is unrelated to the original scope of work approved by the Lender.

Contingency Funds. The GMP shall include a Construction Contingency that is for XXXX’x exclusive use and may be used by XXXX at its sole discretion.

Contingency Funds. Prior to SCD allowing the District to utilize a portion of the SCD Contingency, the District shall obtain SCD written acknowledgement and approval. SCD shall have a minimum of five (5) days to review the form and determine whether to approve, disapprove or request additional information. If the District authorizes the contractor to utilize a portion of the SCD Contingency without SCD approval, the District shall bear all costs resulting from said action.

Contingency Funds. Total amount of contingency funding in the amount of three thousand six hundred seventy-one ($3,671) dollars has been allocated to fund additional serves as required to complete this Project. There is no obligation of the VILLAGE to remit payment for these funds without submittal of itemized costs with stated reason for the request for these funds.‌

Contingency Funds. Any funding secured by the Participant for future, as-needed solution subscriptions and/or professional services. Through the execution of subsequent Amendment(s) to this Participation Agreement, funding augmentations may be incorporated for future purchases and services.

Contingency Funds. The Operator shall pay all the expenses and investments and carry out the development and production operations in accordance with the programs and Budgets referred to in Clause 11 (Paragraph 11.1), without exceeding the total Budget for each year by ten per cent (10%) , except if so authorized by the Parties in special cases.

Contingency Funds. The Borrower shall not, utilise the Contingency without prior approval of the Facility Agent.

Contingency Funds. A construction contingency reserve (“Construction Contingency”) is a line item on the Sources and Uses of Funding Budget and is intended to provide funds in the event of unforeseen costs or required building code corrections. The Construction Contingency will only be available to Borrower upon compliance with the disbursement procedures set forth in Section 3.3. If at any time prior to completion of Project construction, Lender determines that the unused portion of the Construction Contingency is unreasonably low in relation to the amount of work remaining to complete the Project, Lender may restrict or prohibit the use of the remaining portion of the Construction Contingency or require Borrower to make a cash deposit within a specified time period to bring the Construction Contingency up to a reasonable level, as determined by Lender.

Contingency Funds i. Funds are included for additional audit work related to changing auditing standards, additional federal grant programs (over the 10 major programs included in the cost), changing financial reporting standards, and assistance requested by the City. Auditor must submit a plan and cost estimate with hours to complete the work which must be approved by the Controller. ii. The Controller will issue a written approval to authorize the use of contingency funds for additional work. iii. The City’s total obligation for contingencies shall not exceed: Amount $100,000 $125,000 $150,000

Contingency Funds. Owner agrees to provide agent with a contingency fund of $300 (the “Contingency Fund”) upon the commencement of this Lease to cover Minor Maintenance, so that Agent is not “out-of-pocket” for such expenses. Agent will reimburse the Owner the full $300 Contingency Fund amount, less any expense for Minor Maintenance at the end of the season.