Contingency Funds definition

Contingency Funds means [●];
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Contingency Funds if applicable, means the moneys of the Political Subdivision not included in the Fixed Limit of Construction Cost and budgeted, appropriated and encumbered for Project contingency purposes in order that the Political Subdivision may use such moneys to pay to the Contractor, any other contractor through a Separate Contract constituting a portion of the Project Work as determined and authorized by the Governing Body, or any Third-Party Lessor. Contingency Funds could be used in the event of construction cost budget overage, if the Principal Representative, upon the authorization of the Governing Body, determines to add to or change the Contractor’s Scope of Work, hire a contractor for special services (example-environmental remediation) or reduce the Political Subdivision’s obligation to any Third-Party Lessor, all pursuant to Article 6(C) and Article 6(J). All contingency item requests that are under $10,000 will be Contractor controlled and will not require approval from the Political Subdivision. All contingency item requests above $10,000 will be Political Subdivision-approved and controlled up to the total contingency amount defined in the contract.
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Contingency Funds means the Welsh Language Education (Contingency) Fund; Jobs and Skills (Contingency) Fund; Accommodation (Contingency) Fund; Education (Contingency) Fund; Health (Contingency) Fund;
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Examples of Contingency Funds in a sentence

  • Consideration was given to a report of the Chamberlain which provided the Committee with information regarding the current balance of the Finance Committee Contingency Funds for the current year.

  • The Committee received a Report of the Chamberlain which provided Members with information regarding the current balance of the Finance Committee Contingency Funds for the current year.

  • The Committee considered a report of the Chamberlain which provided Members with information regarding the current balance of the Finance Committee Contingency Funds for the current year.

  • Appropriates, in addition to amounts appropriated in Part 1, Federal, State Restricted, Local, and Private Contingency Funds.

  • STATE SUPPORT SPECIAL FUNDSState Support Special Funds consist of Budget Contingency Funds and Education Enhancement Funds.

  • It shall prepare the annual statement of receipts and expenditure for presentation to the houses of the Legislature and any supplementary estimates of expenditure which it may be necessary to present in the course of the year; it shall also prepare the Appropriation Bills and Bills relating to the Consolidated and Contingency Funds of the State.

  • Contingency Funds shall be utilized to meet unforeseen operational costs that may adversely affect the success of ASUW Programs, Services and Strategic Partners.

  • Capital Contingency Funds - Rail – Request: $660,000 Support unforeseen capital needs related to rail operations.

  • Contingency Funds have been grouped in the Balance Sheet under the head “Other Liabilities and Provisions”.

  • In an emergency, Ministries may apply under the Capital Contingency Funds for assistance (Refer Part B Section 16 - Capital Contingency Funds).


More Definitions of Contingency Funds

Contingency Funds means amounts held by the Trustee in support of the obligation of the Company to make payments to the Holders, as specified in the Securities. Contingency Funds shall consist of amounts paid to the Trustee pursuant to Section 1301, plus earnings on amounts held as Contingency Funds, less Allocable Expenses.
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Contingency Funds means allocated and unallocated contingency funds.
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Contingency Funds means funds that have been accumulated but not expended;
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Contingency Funds means the funds set out in Schedule 20;
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Contingency Funds. , if applicable, shall mean Principal Representative funds not included in the Fixed Limit of Design and Construction Cost and set aside for the Principal Representative to release to Contractor, any Principal Representation contractor through a Separate Contract (Schedule A, Article 18), or any Third-Party Lessor. Contingency Funds could be used in the event of construction cost budget overage, if the Principal Representative desires to add to, or change the Contractor’s Scope of Work, hire a contractor for special services (example-environmental remediation), or reduce the Principal Representative’s obligation to any Third-Party Lessor, pursuant to §6(C) and §6(J).
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Related to Contingency Funds

  • contingency fee means any payment or other compensation that is contingent upon or is calculated upon the basis of a degree of success in soliciting or obtaining a Government contract or negotiating the whole or any part of its terms;

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Contingency operation means a military operation that results in the call or order to, or retention on, active duty of members of the uniformed services during a war or during a national emergency declared by the President or Congress.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Reserve Funds means, collectively, the Tax and Insurance Escrow Fund, the Replacement Reserve Fund, the Required Repair Fund, the Initial Renovation Reserve Fund, the Interest Reserve Fund, the General Reserve Fund, any funds on deposit in the Construction Loan Reserve Account, any Shortfall Funds and any other escrow fund established pursuant to the Loan Documents.

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.