Holds, Limitations, and Reserves Sample Clauses

The "Holds, Limitations, and Reserves" clause defines the conditions under which certain funds, assets, or rights may be temporarily withheld, restricted, or set aside by one party. In practice, this clause may specify that a portion of payments is held back until specific obligations are met, or that reserves are established to cover potential liabilities or future claims. Its core function is to manage financial risk and ensure that adequate resources are available to address contingencies, thereby protecting the interests of the parties involved.