Common use of Retentions Clause in Contracts

Retentions. Where you have given an undertaking to UCBHL to carry out works to the Property you are to effect them to the satisfaction of UCBHL within 6 months if no other time is specified. If it is a term of the loan that a retention is to be made from the Loan Amount this will be deducted from any loan to be made to you and paid to you following completion of the works to the satisfaction of UCBHL.

Retentions. Where you have given an undertaking to UCBHL to carry out works to the Property you are to effect them to the satisfaction of UCBHL within 6 months if no other time is specified. If it is a term of the loan that a retention is to be made from the Loan Amount this will be deducted from any loan to be made to you and paid to you following completion of the works to the satisfaction of UCBHL.. ADDITIONAL PROTECTIONS FOR UCBHL

Retentions. Where you have given an undertaking to UCBHL to carry out works to the Property you are to effect them to the satisfaction of UCBHL within 6 months if no other time is specified. If it is a term of the loan that a retention reten- tion is to be made from the Loan Amount this will be deducted from any loan to be made to you and paid to you following completion of the works to the satisfaction of UCBHL.