Advance Rents Reserve Sample Clauses

Advance Rents Reserve. The Asset Entities shall deposit on each Payment Date (or the Indenture Trustee shall cause to be deposited pursuant to Section 5.01(a)(i)), (i) the Annual Advance Rents Reserve Deposit for such Payment Date, (ii) the Semi-Annual Advance Rents Reserve Deposit for such Payment Date and (iii) the Quarterly Advance Rents Reserve Deposit for such Payment Date (with the amounts deposited pursuant to clauses (i), (ii) and (iii) subject to adjustment based on the late payments made by Tenants) into a Sub-Account of the Collection Account (said Sub-Account, the “Advance Rents Reserve Sub-Account”, and said funds, the “Advance Rents Reserve”). The Advance Rents Reserve shall be held, allocated and disbursed in accordance with the terms and conditions of the Cash Management Agreement.
Sample 1
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Advance Rents Reserve. On the Initial Closing Date, the Issuers shall deposit with the Collection Account Bank $1,585,575. Pursuant to the Cash Management Agreement, the Asset Entities will deposit, or instruct the Collection Account Bank to deposit, (i) the Annual Advance Rents Reserve Deposit, (ii) the Semi-Annual Advance Rents Reserve Deposit, (iii) the Quarterly Advance Rents Reserve Deposit and (iv) the Additional Wireless Site Assets Advance Rents Deposit, subject, in the case of clauses (i), (ii) and (iii), to adjustment based on the late payments made by Tenants and provided that, in the case of clause (iv), any payment of rent received from a Tenant of an Additional Wireless Site Asset or Additional Obligor Wireless Site Asset for either of the first two months after the acquisition of such Wireless Site shall not be treated as “Available Funds” and shall be distributed to or at the direction of the Issuers. Such amounts shall be deposited into a Reserve Account (said Reserve Account, the “Advance Rents Reserve Account”, and said funds, the “Advance Rents Reserve”) for deposit of such Advance Rents Reserve Deposit and such Advance Rents Reserve Deposit shall be held, allocated and disbursed in accordance with the terms and conditions of the Cash Management Agreement. The Advance Rents Reserve Account shall not include Profit Sharing Revenue.
Sample 1
Advance Rents Reserve. The parties hereto agree that Section 6.4 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Sample 1
Advance Rents Reserve. On the Initial Closing Date, the Issuer shall deposit with the Collection Account Bank $1,377,000. Pursuant to the Cash Management Agreement, the Asset Entities will deposit, or instruct the Collection Account Bank to deposit, (i) the Annual Advance Rents Reserve Deposit, (ii) the Semi-Annual Advance Rents Reserve Deposit and (iii) the Quarterly Advance Rents Reserve Deposit, subject in each case to adjustment based on the late payments made by Tenants. Such amounts shall be deposited into a Reserve Sub-Account (said Reserve Sub-Account, the “Advance Rents Reserve Sub-Account”, and said funds, the “Advance Rents Reserve”) for deposit of such Advance Rents Reserve Deposit and such Advance Rents Reserve Deposit shall be held, allocated and disbursed in accordance with the terms and conditions of the Cash Management Agreement. The Advance Rents Reserve Sub-Account shall not include Profit Sharing Revenue.
Sample 1
Advance Rents Reserve. On the Initial Closing Date, the Issuer shall deposit with the Collection Account Bank $955,000. Pursuant to the Cash Management Agreement, the Asset Entities will deposit, or instruct the Collection Account Bank to deposit, (a) the Annual Advance Rents Reserve Deposit, (b) the Semi-Annual Advance Rents Reserve Deposit, (c) the Quarterly Advance Rents Reserve Deposit and (d) in connection with the acquisition of Additional Tenant Site Assets or Additional Obligor Tenant Site Assets funded from the Site Acquisition Account for a Series of Notes, an amount equal to the product of (i) the number of months remaining prior to the commencement of payment of Rents to the relevant Asset Entity under the Tenant Leases for such Tenant Site Assets and (ii) the amount of monthly rent due under the Tenant Leases for such Tenant Site Assets (the “Additional Tenant Site Assets Advance Rents Deposit”), with the amounts deposited pursuant to clauses (a), (b) and (c) subject to adjustment based on the late payments made by Tenants. Such amounts shall be deposited into a Reserve Account (said Reserve Account, the “Advance Rents Reserve Account,” and said funds, the “Advance Rents Reserve”) for deposit of such Advance Rents Reserve Deposit and such Advance Rents Reserve Deposit shall be held, allocated and disbursed in accordance with the terms and conditions of the Cash Management Agreement. The Advance Rents Reserve Amount shall not include Shared Rent.
Sample 1
Advance Rents Reserve. On the Closing Date, the Issuers shall deposit with the Collection Account Bank $21,865,890 and, pursuant to the Cash Management
Sample 1

Related to Advance Rents Reserve

  • Advance Rent The first full month’s rent shall be paid by Tenant to Landlord upon the execution of this Lease as advance rent, provided, however, that such amount shall be held by Landlord as an additional “Security Deposit” pursuant to this Lease until it is applied by Landlord to the first Minimum Monthly Rent due hereunder.

  • Initial Reserve Account Deposit On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Reserve Balance into the Reserve Account from the net proceeds of the sale of the Notes.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Rent and Charges Reserve the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.

  • Disbursements from Replacement Reserve Account (a) Lender shall make disbursements from the Replacement Reserve Account to pay Borrower only for the costs of the Replacements. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property or for costs which are to be reimbursed from the Required Repair Fund (if any).

  • Reserve Funds Section 7.1.

  • Loan Proceeds Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

  • Disbursement of Loan Proceeds (a) The State shall disburse Federal Funds earmarked for the Loan to the Borrower in accordance with the terms hereof. Before each and every disbursement of the proceeds of the Loan by the State to the Borrower, the Borrower shall in accordance with the procedures set forth in the Regulations submit to the State a requisition executed by an Authorized Officer of the Borrower.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Lease Deposit Upon the execution hereof, Lessor shall loan Lessee an amount equal to twenty-five percent (25%) of the first full year's Base Rent (the "Lease Deposit"). The Lease Deposit shall be held by Lessor as security for the performance by Lessee of Lessee's covenants and obligations under the Lease. The Lease Deposit shall not be considered an advance payment of rental or a measure of Lessor's damages in case of default by Lessee. Lessor may, from time to time, without prejudice to any other remedy, use the proceeds thereof to make good any arrearages of Rent, to satisfy any other covenant or obligation of Lessee hereunder or to compensate Lessor for any other loss or damage which Lessor may suffer by reason of any default by Lessee. Following any such use of the Lease Deposit by the Lessor, Lessee shall deliver to Lessor on demand an amount sufficient to restore the aggregate amount held by Lessor, not including any interest earned on the Lease Deposit, to the amount of the original Lease Deposit. If Lessee is not in default at the termination of the Lease, and has complied with all of the provisions of this Lease to be performed by Lessee, including surrender of the Leased Property in accordance with the provisions hereof and has repaid the loan of the Lease Deposit, the Lease Deposit, not including any interest earned on such Lease Deposit, shall be returned by Lessor to Lessee, subject to any draws which have previously been made by Lessor against the Lease Deposit and not replenished by the Lessee. Lessee will not assign or encumber Lessee's interest in the Lease Deposit, and neither Lessor nor Lessor's successors or assigns will be bound by any such attempted assignment or encumbrance of the Lease Deposit. Any interest earned on the Lease Deposit will be for the sole benefit of the Lessor and shall not in any way reduce any amounts owed by Lessee under the terms hereof.

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