Deposit and Maintenance of Reserve Funds. (a) Borrower shall cause Senior Mezzanine Borrower to cause Mortgage Borrower to deposit and maintain each of the Mortgage Loan Reserve Funds as required under the Mortgage Loan Documents and to perform and comply with all the terms and provisions relating thereto; provided, however, in the event Mortgage Borrower and Senior Mezzanine Borrower do not (or are not required to) make such deposits pursuant to the Mortgage Loan Documents and the Senior Mezzanine Loan Documents, as applicable, Borrower shall be obligated to make, or to cause to be made, such deposits to Lender hereunder substantially in accordance with the provisions of the Mortgage Loan Agreement, as more fully set forth in Section 9.1(b) hereof. If requested by Lender, Borrower will promptly provide evidence reasonably acceptable to Lender of compliance with the foregoing.
Appears in 3 contracts
Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)
Deposit and Maintenance of Reserve Funds. (a) Borrower shall cause Senior Mezzanine Borrower to cause Mortgage Borrower to deposit and maintain each of the Mortgage Loan Reserve Funds as required under the Mortgage Loan Documents and to perform and comply with all the terms and provisions relating 101 thereto; provided, however, in the event Mortgage Borrower and Senior Mezzanine Borrower do not (or are not required to) make such deposits pursuant to the Mortgage Loan Documents and the Senior Mezzanine Loan Documents, as applicable, Borrower shall be obligated to make, or to cause to be made, such deposits to Lender hereunder substantially in accordance with the provisions of the Mortgage Loan Agreement, as more fully set forth in Section 9.1(b) hereof. If requested by Lender, Borrower will promptly provide evidence reasonably acceptable to Lender of compliance with the foregoing.
Appears in 1 contract
Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)