Examples of Required Minimum Contingency in a sentence
The Mineral Revenue Manager shall prepare or cause to be prepared such reports, projections, and planning documents as required by the Business Committee.
The Unallocated Contingency Balance shall equal or exceed the Required Minimum Contingency and the Available Funds shall equal or exceed the Remaining Costs as determined by the Administrative Agent and the Construction Consultant.
The failure, for 30 consecutive days, of the Company to submit an Advance Request which is approved, unless the Company demonstrates to the reasonable satisfaction of the Disbursement Agent after consultation with the Construction Consultant that (a) Available Funds equal or exceed the Remaining Costs and (b) the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency.
Without the prior written consent of the Administrative Agent, the Borrowers shall not allocate amounts of the Unallocated Contingency Balance to other Line Items in the Construction Component of the Budget if such allocation causes the remaining Unallocated Contingency Balance to be less than the Required Minimum Contingency.
As of each Representation Date, the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency and, after giving effect to any Interim Loan Advance proposed to be made as of such Representation Date, the Available Funds equal or exceed the Remaining Costs.