Common use of Retention of Contribution Clause in Contracts

Retention of Contribution. The Province will retain 10% of the Maximum Funds in respect of each Project (“Holdback”) up until the Recipient has fulfilled all of its obligations under the Agreement for the Project.

Retention of Contribution. The Province will retain 10% of the Maximum Funds in respect of each the Project (“Holdback”) up until the Recipient has fulfilled all of its obligations under the Agreement for the Project.

Retention of Contribution. The Province will retain a minimum of 10% of the Maximum Funds in respect of each funding for the Project (“Holdback”). The Province will release the amount retained when: (a) up until the Recipient has fulfilled fulfils all of its obligations under the Agreement Agreement; and (b) the Parties have carried out a final reconciliation of all requests for payments and payments in respect of the ProjectProject and made any adjustments required in the circumstances.

Retention of Contribution. The Province will retain a maximum of 10% of the Maximum Funds provincial funding in respect of each the Project (“Holdback”) up until the Recipient has fulfilled all of its obligations under the Agreement for the Project.