Common use of Decrease in Funded Retention Amount Clause in Contracts

Decrease in Funded Retention Amount. A Funded Retention Amount shall only be decreased: (i) in accordance with Clause 29; or (ii) by a payment to a Retention Creditor in accordance with this Clause 30. The Company shall have no responsibility to ensure that any Retention Creditor applies any amount so received for any particular purpose.

Appears in 2 contracts

Sources: Claim Resolution Agreement, Claim Resolution Agreement