Common use of Borrower’s Request Clause in Contracts

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.

Appears in 80 contracts

Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)

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Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will shall perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s 's request for reimbursement will shall include (1A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, paid and (2B) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.

Appears in 6 contracts

Samples: Replacement Reserve Agreement, Replacement Reserve Agreement (Us Realty Partners LTD Partnership), Replacement Reserve Agreement (Roberts Realty Investors Inc)

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Funding Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Funding Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Funding Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.

Appears in 2 contracts

Samples: Continuing Covenant Agreement, Continuing Covenant Agreement

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will must include (1A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2B) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.

Appears in 1 contract

Samples: Replacement Reserve Agreement

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Lender, if the cost of such Capital replacement has been paid, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s 's request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.. Rider to Multifamily Loan and Security Agreement

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Inland Residential Properties Trust, Inc.)

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Borrower’s Request. If Borrower determines, at any time or and from time to time, that a Capital Replacement is necessary or desirable, Borrower will shall perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will shall include (1A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2B) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.

Appears in 1 contract

Samples: Replacement Reserve Agreement

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Lender, if the cost of such Capital Replacement has been paid, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will shall perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will shall include (1A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, paid and (2B) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.

Appears in 1 contract

Samples: Replacement Reserve Agreement (Paladin Realty Income Properties Inc)

Borrower’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will shall perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s 's request for reimbursement will shall include (1A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2B) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.

Appears in 1 contract

Samples: Replacement Reserve Agreement

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