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Common use of Contingency Reserves Clause in Contracts

Contingency Reserves. The Company will maintain a contingency reserve in an aggregate amount of at least three percent (3%) of the aggregate Capital Accounts of the Members.

Appears in 2 contracts

Sources: Limited Liability Company Operating Agreement (Yosemite Mortgage Fund Ii LLC), Limited Liability Company Operating Agreement (Yosemite Mortgage Fund Ii LLC)

Related Clauses

  • Contingency
  • FUNDING CONTINGENCY
  • Contingency of Funds
  • MORTGAGE CONTINGENCY
  • Insurance Reserves

Parent Clauses

  • Termination
  • ALLOCATION OF PROFITS AND LOSSES AND DISTRIBUTIONS TO MEMBERS
  • Representations and Warranties
  • Representations and Warranties of Parent, RHI and Sellers
  • Agreement to Make Advances Limitations
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