Common use of Deposit Reduction Clause in Contracts

Deposit Reduction. As the project advances, the Applicant may request a reduction in the Deposit held by the Town. Any reduction of the Deposit shall be in the sole discretion of the Town.

Deposit Reduction. As the project advances, the Applicant may request a reduction in the Deposit held by deposit amount on file with the Town. Any reduction of the Deposit deposit amount shall be in the sole discretion of the TownTown Council and must be approved by a resolution of the Town Council.