Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 months based on the anticipated outstanding principal balance due under the Note immediately prior to termination of the then-existing Cap Agreement. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 18 contracts
Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 six (6) months based on the anticipated outstanding principal balance due under the Note immediately prior to termination of the then-existing Cap Agreement. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 6 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 __ months [COMPLETE AS REQUIRED BY THE COMMITMENT/APPLICATION] based on the anticipated outstanding principal balance due under the Note immediately prior to termination of the then-existing Cap Agreement. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 3 contracts
Samples: Loan Agreement, Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 months based on the anticipated outstanding principal balance due under the Note immediately prior to termination at the time Lender recomputes the amount of the then-existing Rate Cap AgreementReserve Deposit. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 six (6) months based on the anticipated outstanding principal balance due under Indebtedness at the Note immediately prior to termination time Lender recomputes the amount of the then-existing Rate Cap AgreementReserve Deposit. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 months based on the anticipated outstanding principal balance due under Indebtedness at the Note immediately prior to termination time Lender recomputes the amount of the then-existing Rate Cap AgreementReserve Deposit. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 months six (6) months, without regard to investment earnings held in the Rate Cap Agreement Reserve Fund, and based on the anticipated outstanding principal balance due under Indebtedness at the Note immediately prior to termination time Lender recomputes the amount of the then-existing Rate Cap AgreementReserve Deposit. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (CNL Growth Properties, Inc.)
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 months at the beginning of each Rate Cap Reserve Reassessment Period, as specified in Section 1.05, based on the anticipated outstanding principal balance due under the Note immediately prior to termination of the then-existing Rate Cap Agreement. Lender will provide Notice to Borrower of any revised Rate Cap Reserve DepositDeposit amount.
Appears in 1 contract
Samples: Rider to Loan Agreement
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every __ months [COMPLETE AS REQUIRED BY THE COMMITMENT/APPLICATION β TYPICALLY 6 months MONTHS] based on the anticipated outstanding principal balance due under the Note immediately prior to termination of the then-existing Cap Agreement. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 1 contract
Adjustments to Rate Cap Reserve Deposit. Lender will recompute the amount of the Rate Cap Reserve Deposit every 6 six (6) months based on the anticipated outstanding principal balance due under the Note immediately prior to termination at the time Lender recomputes the amount of the then-existing Rate Cap AgreementReserve Deposit. Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
