Deposit of Required Repair Funds. Borrower shall perform the repairs at the Individual Property as more particularly set forth on Schedule II hereto (such repairs hereinafter referred to as “Required Repairs”) and shall complete each of the Required Repairs on or before the respective deadline for each repair as set forth on Schedule II. On the Closing Date, Borrower shall deposit with Agent the amount for the Individual Property set forth on such Schedule II hereto to perform the Required Repairs for the Individual Property. Amounts deposited pursuant to this Section 6.1.1 are referred to herein as the “Required Repair Funds.”
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Individual Properties as set forth on Schedule II hereto (such repairs hereinafter referred to as “Required Repairs”). Borrower shall complete each of the Required Repairs on or before the deadline, if any, for each repair as set forth on Schedule II. On the Closing Date, Borrower shall deposit with Cash Management Bank Three Hundred Fifty Thousand and No/100 Dollars ($350,000) to perform the specified Required Repair at the Drake Swissôtel (such amount so deposited shall hereinafter be referred to as the “Required Repair Funds”).
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Property as set forth on Schedule II hereto (such repairs hereinafter referred to as “Required Repairs”) and, subject to Force Majeure (provided no such Force Majeure causes an event of default under the Franchise Agreement), shall complete each of the Required Repairs on or before the respective deadline for each repair as set forth on Schedule II hereof. On the Closing Date, Borrower has deposited with Lender the sum of $54,993.75, which amount is one hundred and twenty-five percent (125%) of the cost to perform such Required Repairs as set forth on Schedule II hereto in order to perform the Required Repairs. Amounts deposited pursuant to this Section 6.1.1 are referred to herein as the “Required Repair Funds”.
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Property as more particularly set forth on Schedule II hereto (such repairs, collectively, the “Required Repairs”), and shall complete each of the Required Repairs on or before the respective deadline as set forth on Schedule II. On the Closing Date, Borrower shall deposit with Lender Seven Hundred Sixty-Three Thousand Four Hundred and No/100 Dollars ($763,400.00), an amount equal to one hundred ten percent (110%) of the estimated cost to perform the Required Repairs as set forth on Schedule II. Amounts deposited pursuant to this Section 6.1.1 are referred to herein as the “Required Repair Funds” and the account in which such amounts are held by Lender shall hereinafter be referred to as the “Required Repair Account.”
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Property as set forth on Schedule 1 hereto (such repairs hereinafter referred to as “Required Repairs”) and shall complete each of the Required Repairs on or before the date which is one (1) year after the date of this Agreement. On the Closing Date, Borrower shall deposit with Agent $297,000 to perform the Required Repairs. Amounts deposited pursuant to this Section 7.1.1 are referred to herein as the “Required Repair Funds.”
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Property as set forth on Schedule II hereto (such repairs hereinafter referred to as "REQUIRED REPAIRS") and shall complete each of the Required Repairs on or before the respective deadline for each repair as set forth on Schedule II. On the Closing Date, Borrower shall deposit with Lender the amount that is one hundred and twenty-five percent (125%) of the cost to perform such Required Repairs as set forth on Schedule II hereto to perform the Required Repairs. Amounts deposited pursuant to this Section 6.1.1 are referred to herein as the "REQUIRED REPAIR FUNDS."
Deposit of Required Repair Funds. 76
Section 8.1 Permitted Total Transfer of the Property (Total Assumption) 82 Section 8.2 Permitted Transfers of Equity Interests 85 Section 8.3 Easements 86 IX. SALE AND SECURITIZATION OF LOAN 86 Section 9.1 Sale of Loan and Securitization 86 Section 9.2 Securitization Indemnification 89 Section 9.3 Intentionally Omitted 92 Section 9.4 Mezzanine Option 92 Section 9.5 Reserves/Escrows 92 X. DEFAULTS 92 Section 10.1 Event of Default 92 Section 10.2 Remedies 96 Section 10.3 Right to Cure Defaults 97 Section 10.4 Remedies Cumulative 97 XI. MISCELLANEOUS 98 Section 11.1 Successors and Assigns 98 Section 11.2 Lender’s Discretion 98 Section 11.3 Governing Law 98 Section 11.4 Modification, Waiver in Writing 100 Section 11.5 Delay Not a Waiver 100 Section 11.6 Notices 100 Section 11.7 Trial by Jury 102 Section 11.8 Headings 102 Section 11.9 Severability 102 Section 11.10 Preferences 102 Section 11.11 Waiver of Notice 102 Section 11.12 Remedies of Borrower and Operating Lessee 103
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Property as more particularly set forth on Schedule II hereto (such repairs, collectively, the
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Individual Properties as set forth on SCHEDULE II hereto (such repairs hereinafter referred to as "REQUIRED REPAIRS") within one (1) year of the Closing Date. On the Closing Date, Borrower shall deposit with Cash Management Bank One Million Two Hundred Twenty Eight Thousand Eight Hundred Seventy Five and No/100 Dollars ($1,228,875.00) to perform the Required Repairs (such amount so deposited shall hereinafter be referred to as the "REQUIRED REPAIR FUNDS").
Deposit of Required Repair Funds. Borrower shall perform the repairs at the Property as set forth on Schedule I hereto (such repairs hereinafter referred to as “Required Repairs”) and, subject to Force Majeure (provided no such Force Majeure causes an event of default under the Franchise Agreement), shall complete each of the Required Repairs on or before the respective deadline for each repair as set forth on Schedule I hereof. On the Closing Date, Borrower has deposited with Lender the sum of THREE THOUSAND SEVEN HUNDRED FIFTY AND NO/100 Dollars ($3,750) which amount is one hundred and twenty-five percent (125%) of the cost to perform such Required Repairs as set forth on Schedule I hereto in order to perform the Required Repairs. Amounts deposited pursuant to this Section
6.1.1 are referred to herein as the “Required Repair Funds” and the account in which such amounts are held shall hereinafter be referred to as Borrower’s “Required Repair Account”.
