Common use of Contingency Reserves Clause in Contracts

Contingency Reserves. The Managing Committee shall have the right to set aside Company funds in such reserves as it in its reasonable discretion determines to be prudent for the operation of the Company’s business, including any sums the Managing Committee deems necessary to reserve for the future payment or reduction of any Company obligations.

Contingency Reserves. The Managing Subject to the provisions of Section 5.4 above, the Management Committee shall have the right to set aside Company funds in such reserves as it in its reasonable discretion determines to be prudent for the operation of the Company’s 's business, including any sums the Managing Management Committee deems necessary to reserve for the future payment or reduction of any Company obligations.