Emergency Funds Clause Samples

The Emergency Funds clause establishes a provision for setting aside or accessing financial resources specifically designated for unforeseen or urgent situations. Typically, this clause outlines the conditions under which emergency funds may be used, such as natural disasters, critical repairs, or unexpected operational disruptions, and may specify approval processes or limits on fund usage. Its core practical function is to ensure that immediate financial resources are available to address emergencies promptly, thereby minimizing operational downtime and mitigating potential losses.
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Emergency Funds. If circumstances require, the Sponsor will advance up to $500.00 to any AmeriCorps VISTA member in case of any emergency (e.g., critical illness or death in the immediate family) to be reimbursed by the AmeriCorps VISTA member when the AmeriCorps VISTA member has completed and submitted an AmeriCorps VISTA Payment Voucher. CNCS will not be responsible for the reimbursement of these funds unless the AmeriCorps VISTA Payment Voucher form is submitted to CNCS.
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Emergency Funds. To minimise financial inconvenience to the Covered Person in an emergency the following services will be provided: a) When Platinum Card Assistance has been provided with information that the Covered Person is covered by a health insurance policy which would cover the services in question, Platinum Card Assistance shall first ask the medical facility or local treating physician to bill the insurance company of the Covered Person and if the medical facility or local treating physician is unwilling to do so, shall then request the medical facility or local treating physician to bill the Covered Person directly rather than requiring the Covered Person to pay on site b) Where a local treating physician or medical facility refuses to provide needed medical services to a Covered Person without receiving advance payment for those services and or obtaining a guarantee, upon request of the Covered Person, the Platinum Card Assistance shall guarantee and when necessary advance up to US$8,000. If a Covered Person is unconscious and American Express Platinum Card Assistance determines it is necessary to offer such a guarantee or to advance payment to a local treating physician or medical facility, Platinum Card Assistance shall do so on the Covered Person’s behalf, if a family member is not available for this purpose. All such payments will be billed to the Covered Person’s Platinum Card Account
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Emergency Funds. Notwithstanding anything to the contrary contained herein, the Manager shall be permitted to advance funds to the Company for any reasonable, but short-term, need, with interest on such funds at the Prevailing Rate (an “Emergency Loan”), but may receive a priority return of such funds from Gaming Facility repayment (as set forth in Section 4.1.3), Cash Flow, Working Capital Loans, or other sources when such sources are obtained by the Company.
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Emergency Funds. Except as provided in Section 16, in the event there is an emergency concerning the Properties which requires additional funds, MANAGER shall submit a written request to OWNER and Owners setting out the facts concerning said emergency and the amount of money necessary to cure said emergency.
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Emergency Funds. The County agrees that three percent (3%) of the Apportionment shall be withheld by the Department in an emergency fund (the “Emergency Fund”). The Emergency Fund shall include three percent (3%) of the total apportionments of all participants in the Cooperative Program, plus any remaining balances from previous fiscal years. The Department, upon written application from a duly authorized representative of the County, may disburse up to fifty percent (50%) of the approved funds to the County for the purpose of it using said funds for emergency roadway and bridge projects designated by the County. Following the completion of the project, after final cost documentation has been submitted and processed, the Department will then distribute the determined remaining amount. If the actual cost of an emergency project is less than the amount of emergency funds disbursed by the Department, then the County shall reimburse the difference to the Department.
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Related to Emergency Funds

  • Emergency Repairs a) The landlord must post and maintain in a conspicuous place on the residential property, or give to the tenant in writing, the name and telephone number of the designated contact person for emergency repairs. b) If emergency repairs are required, the tenant must make at least two attempts to telephone the designated contact person, and then give the landlord reasonable time to complete the repairs. c) If the emergency repairs are still required, the tenant may undertake the repairs, and claim reimbursement from the landlord, provided a statement of account and receipts are given to the landlord. If the landlord does not reimburse the tenant as required, the tenant may deduct the cost from rent. The landlord may take over completion of the emergency repairs at any time. d) Emergency repairs must be urgent and necessary for the health and safety of persons or preservation or use of the residential property and are limited to repairing i) major leaks in pipes or the roof,

  • Emergency Situations If the condition is an emergency, this will be communicated to the Contractor with the request that corrections are to be accomplished immediately. The Contractor shall respond to the notice in emergency situations within twenty-four hours. If the Contractor fails to respond within this time limit, the Owner may correct the defect and charge the Contractor for the Work. If it is determined the complaint is not the responsibility of the Contractor, the Contractor shall be promptly paid for the cost of the corrective work. The Contractor shall give notice in writing to the Owner when corrections have been completed.

  • Emergency Access The Tenant must give the Landlord (or persons acting on the Landlord’s behalf) immediate access to the Property in the event of an emergency on the Property.

  • Emergency Situation In the event of an emergency situation beyond our reasonable control, such as an "act of God," war, fire, or natural disaster, services involving your account could be available only in a modified or reduced form or could be entirely unavailable. Unless expressly prohibited by applicable law, you agree that we will have no liability to you for such modification, reduction, or unavailability of services caused by an emergency situation.