Common use of Contingency Reserve Clause in Contracts

Contingency Reserve. The amount allocated as Con­tingency Reserve in the Project Budget is not intended to be disbursed and will only be disbursed upon the prior approval of the Lender, which approval will not be unreasonably withheld. The disbursement of a portion of Contingency Reserve shall in no way prejudice the Lender from withholding disburse­ment of any further portion of Contingency Reserve.

Contingency Reserve. The Any amount allocated as Con­tingency Contingency Reserve in the Project Construction Budget is not intended to be disbursed and will only be disbursed upon the prior approval of the Lender, which approval will not be unreasonably withheldwithheld of delayed. The disbursement of a portion of the Contingency Reserve shall in no way prejudice the Lender from withholding disburse­ment disbursement of any further portion of the Contingency Reserve.

Contingency Reserve. The amount allocated as Con­tingency Contingency Reserve in the Project Budget is not intended to be disbursed and will only be disbursed upon the prior approval of the Lender, which approval will not be unreasonably withheld. The disbursement of a portion of Contingency Reserve shall in no way prejudice the Lender from withholding disburse­ment disbursement of any further portion of Contingency Reserve.