Common use of Reserves Clause in Contracts

Reserves. Creation of funds for replacement, renovation and/or other periodic expenses.

Reserves. Creation of funds for replacement, renovation and/or other periodic expensesexpenses if thought fit by the Association (upon formation).

Reserves. Creation of funds fund for replacement, renovation and/or and other periodic period expenses.

Reserves. Creation of funds fund for replacement, renovation and/or and other periodic expenses.