All-Purpose Reserve Clause Samples

All-Purpose Reserve. (i) Amounts deposited from time to time in the All-Purpose Reserve Account pursuant to Section 4.1(c) hereof are referred to herein as the “All-Purpose Reserve Funds”) and shall be disbursed to fund Approved Capital Expenditures and PIP Alterations contemplated by the applicable PIP Plans in accordance with the terms and provisions of Section 4.1(d)(ii) hereof. (ii) Lender shall, or shall direct Servicer to, disburse the All-Purpose Reserve Funds to Borrower out of the All-Purpose Reserve Account provided that (i) the applicable Borrower for whom such disbursement is made shall have satisfied each of the All-Purpose Reserve Disbursement Conditions with respect to such disbursement; (ii) Lender shall not be required to disburse All-Purpose Reserve Funds for Approved Capital Expenditures and PIP Alterations more frequently than once each calendar month; (iii) each disbursement of All-Purpose Reserve Funds for Approved Capital Expenditures and PIP Alterations must be in an amount not less than the Minimum Disbursement Amount (or a lesser amount if the total amount of All-Purpose Reserve Funds is less than the Minimum Disbursement Amount, in which case only one disbursement of the amount remaining in the All-Purpose Reserve Account shall be made); and