Facility Reserves definition
Facility Reserves has the meaning assigned to it in the Reinsurance Agreement.
Examples of Facility Reserves in a sentence
CONTRACTOR’s failure to obtain such prior review and written approval for use of funds allocated to the Facility Reserves budgeted line items may result in disallowance of the costs for such use.
For all funds allocated to the Facility Reserves budgeted line items in Paragraph II.A, CONTRACTOR must obtain prior review and written approval by the County Chief Executive (“CEO”) or Chief Financial Officer (“CFO”), or their designee, of any proposed use of such funds.