Common use of Contingency Reserve Clause in Contracts

Contingency Reserve. Contingency Reserve" means the amount(s) (if any) allocated as contingency reserve(s) in the Construction Budget to be disbursed by the Trustee upon approval of the Bank.

Appears in 1 contract

Sources: Building Loan Contract (Mechanical Technology Inc)

Contingency Reserve. Contingency Reserve" means the amount(s) (if any) allocated as contingency reserve(s) in the Construction Budget to be disbursed by the Trustee upon approval of the Bank.

Appears in 1 contract

Sources: Building Loan Agreement (Spurlock Industries Inc)

Contingency Reserve. Contingency Reserve" means the amount(s) (if any) allocated as contingency reserve(s) in the Construction Budget to be disbursed by the Trustee upon approval of the BankBudget.

Appears in 1 contract

Sources: Building Loan Agreement (Essex Hospitality Associates Iv Lp)

Contingency Reserve. Contingency Reserve" means the amount(s) (), if any) , allocated as contingency reserve(s) in the Construction Budget to be disbursed by the Trustee upon approval of the BankBudget.

Appears in 1 contract

Sources: Building Loan Agreement (Alterra Healthcare Corp)