Deferred Maintenance and Environmental Escrow Account. (a) On or prior to the Closing Date, if the Deferred Maintenance Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts anticipated to be required to correct Deferred Maintenance Conditions (the “Deferred Maintenance and Environmental Escrow Account”).
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Samples: Loan Agreement (Brixmor Property Group Inc.), Loan Agreement (Pebblebrook Hotel Trust), Loan Agreement (Pebblebrook Hotel Trust)
Deferred Maintenance and Environmental Escrow Account. (a) On or prior to the Closing Date, if the Deferred Maintenance Amount is greater than zero, Borrower Borrowers shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts anticipated to be required to correct Deferred Maintenance Conditions (the “"Deferred Maintenance and Environmental Escrow Account”").
Appears in 1 contract
Samples: Loan Agreement (Ventas Inc)
Deferred Maintenance and Environmental Escrow Account. (a) On or prior to the Closing Date, if the Deferred Maintenance Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts anticipated to be required to correct Deferred Maintenance Conditions (the “Deferred Maintenance and Environmental Escrow Account”).) which Deferred Maintenance and Environmental Escrow Account shall be subject to the Cash Management Agreement. | NY\1631294.13 mle xx xxxx Loan Agreement||
Appears in 1 contract
Samples: Loan Agreement (Cole Credit Property Trust III, Inc.)
Deferred Maintenance and Environmental Escrow Account. (a) On or prior to the Closing Date, if the Deferred Maintenance Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts anticipated to be required to correct Deferred Maintenance Conditions (the “"Deferred Maintenance and Environmental Escrow Account”").
Appears in 1 contract