Deposit of Required Repairs Funds. Borrower shall perform the repairs and other work at the Property as set forth on Schedule V attached hereto (such repairs and other work 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 V. On the Closing Date, Borrower shall deposit or cause to be deposited with or on behalf of Lender the amount set forth on such Schedule V to perform the Required Repairs (the “Required Repairs Funds”), which Required Repairs Funds shall be transferred by or at the direction of Lender into an Account established to hold such funds (the “Required Repairs Account”).
Deposit of Required Repairs Funds. Borrowers shall perform the repairs and other work at the Properties as set forth on Schedule II (such repairs and other work 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, which may be extended at Lender’s option if diligently pursued. On the Closing Date, Borrowers shall deposit with or on behalf of Lender the amount set forth on such Schedule II as the estimated cost to complete the Required Repairs multiplied by 125% (the “Required Repairs Funds”), which Required Repairs Funds shall be transferred by Deposit Bank into an Account (the “Required Repairs Account”).
Deposit of Required Repairs Funds. Borrower shall perform the repairs and other work at the Properties as set forth on Schedule II (such repairs and other work hereinafter referred to as “Required Repairs”) and shall complete each of the Required Repairs on or before the following dates: (a) for the Required Repairs designated as “Immediate Repairs” on Schedule II, three (3) months after the Closing Date; (b) for the Required Repairs designated as “Short Term Repairs” on Schedule II, nine (9) months after the Closing Date; and (c) for the Required Repairs designated as “ADA Repairs” on Schedule II (the “ADA Repairs”), twelve (12) months after the Closing Date. On the Closing Date, Borrower shall deposit with or on behalf of Lender an amount equal to $1,919,252.50, which is the estimated cost to complete the Required Repairs (other than the ADA Repairs) multiplied by 110% (the “Required Repairs Funds”), which Required Repairs Funds shall be transferred by Deposit Bank into an Account (the “Required Repairs Account”).
Deposit of Required Repairs Funds. Borrower shall perform the repairs and other work at the Property as set forth on Schedule V attached hereto (such repairs and other work 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 V. On the Closing Date, Borrower shall deposit or cause to be deposited with or on behalf of Lender the amount, if any, set forth on such Schedule V to perform the Required Repairs (the “Required Repairs Funds”), which Required Repairs Funds shall be transferred by or at the direction of Lender into an Account established to hold such funds (the “Required Repairs Account”). Lender’s decision of whether or not to collect Required Repairs Funds in connection with any particular Required Repairs shall not reduce Borrowers’ obligation to complete such Required Repair.
Deposit of Required Repairs Funds. Borrower shall perform the repairs and other work at the Property as set forth on Schedule II (such repairs and other work 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 or on behalf of Lender the amount set forth on such Schedule II as the estimated cost to complete the Required Repairs multiplied by one hundred twenty-five percent (125%) (the “Required Repairs Funds”), which Required Repairs Funds shall be transferred by Deposit Bank into an Account (the “Required Repairs Account”).
Deposit of Required Repairs Funds. Borrowers shall perform the repairs and other work at the Properties as set forth on Schedule II (such repairs and other work 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; provided, however, that if any Required Repair has not been completed on or prior to the date set forth on Schedule II for such Required Repair, and provided Borrowers are diligently and continuously pursuing completion of the same, Borrowers shall have such additional time reasonably necessary to complete such Required Repair, such additional period not to exceed sixty (60) days. On the Closing Date, Borrowers shall deposit with Agent the amount set forth on such Schedule II as the estimated cost to complete the Required Repairs multiplied by 115% (the “Required Repairs Funds”), which Required Repairs Funds shall be transferred by Deposit Bank into an Account (the “Required Repairs Account”).
Deposit of Required Repairs Funds. Each Borrower shall perform the repairs and other work at the affected Property as set forth on Schedule VI (such repairs and other work 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 VI. Subject to the terms of Section 6.11, on the Closing Date, each Borrower shall deposit with or on behalf of Lender the amount, if any, set forth on such Schedule VI for the Property held by such Borrower to perform the Required Repairs at such Property (the "Required Repairs Funds"). All Required Repairs Funds shall be transferred by Deposit Bank into an Account established to hold such funds (the "Required Repairs Account").
Deposit of Required Repairs Funds. Borrower shall perform the repairs and other work at the Property as set forth on Schedule II (such repairs and other work 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, which may be extended at Lender’s option if diligently pursued. On the Closing Date, Borrower shall deposit with or on behalf of Lender the amount set forth on such Schedule II to complete the Required Repairs (the “Required Repairs Funds”), which Required Repairs Funds shall be transferred by Deposit Bank into an Account (the “Required Repairs Account”). Borrower shall deliver evidence reasonably acceptable to Lender that all fire code violations set forth in the Zoning Report have been closed out by the applicable Governmental Authority following completion of the Required Repairs.
Deposit of Required Repairs Funds. Borrower or Operating Lessee shall perform the repairs and other work at the Properties as set forth on Schedule II (such repairs and other work hereinafter referred to as “Required Repairs”) and shall complete each of the Required Repairs on or before April 28, 2018.
Deposit of Required Repairs Funds. Borrower shall perform the repairs and other work at the Property as set forth on Schedule IX (such repairs and other work hereinafter referred to as “Required Repairs”) and shall complete each of the Required Repairs on or before the first anniversary of the Closing Date, subject to Excusable Delay. On the Closing Date, Borrower shall deposit or cause to be deposited with or on behalf of Lender the amount set forth in Section 3.1.5 for deposit into the Required Repairs Reserve Account (the “Required Repairs Funds”), which is equal to 125% of the estimated cost to complete the Required Repairs.
