Common use of Deposit of Special Insurance Reserve Funds Clause in Contracts

Deposit of Special Insurance Reserve Funds. If pursuant to Section 5.1.3 Borrower elects maintain insurance policies with deductibles in excess of the amounts required by Section 5.1.1 Borrower shall deposit into and maintain in an Account (the “Special Insurance Reserve Account”) an aggregate amount equal to the difference between deductibles in respect of insurance policies maintained by Borrower that are in excess of the levels required by Section 5.1.1. Amounts deposited from time to time into the Special Insurance Reserve Account pursuant to this Section 6.5 are referred to herein as the “Special Insurance Reserve Funds”.

Appears in 3 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)

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Deposit of Special Insurance Reserve Funds. If pursuant to Section 5.1.3 Borrower elects maintain insurance policies with deductibles in excess of the amounts required by Section 5.1.1 Section 5.1.1, Borrower shall deposit into and maintain in an Account (the “Special Insurance Reserve Account”) an aggregate amount equal to the difference between deductibles in respect of insurance policies maintained by Borrower that are in excess of the levels required by Section 5.1.1. Amounts deposited from time to time into the Special Insurance Reserve Account pursuant to this Section 6.5 are referred to herein as the “Special Insurance Reserve Funds”.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Invitation Homes Inc.)

Deposit of Special Insurance Reserve Funds. If pursuant to Section 5.1.3 Borrower elects to maintain insurance policies with deductibles in excess of the amounts required by Section 5.1.1 Section 5.1.1, Borrower shall deposit into and maintain at all times in an Account (the “Special Insurance Reserve Account”) an aggregate amount equal to the difference between deductibles such higher deductible and the applicable deductible specified in respect of insurance policies maintained by Borrower that are in excess of the levels required by SectionSection 5.1. 5.1.11. Amounts deposited from time to time into the Special Insurance Reserve Account pursuant to this Section 6.5 are referred to herein as the “Special Insurance Reserve Funds”.

Appears in 1 contract

Samples: Loan Agreement (Vinebrook Homes Trust, Inc.)

Deposit of Special Insurance Reserve Funds. If pursuant to Section 5.1.3 Borrower elects to maintain insurance policies with deductibles in excess of the amounts required by Section 5.1.1 Section 5.1.1, Borrower shall deposit into and maintain at all times in an Account (the “Special Insurance Reserve Account”) an aggregate amount equal to the difference between deductibles such higher deductible and the applicable deductible specified in respect of insurance policies maintained by Borrower that are in excess of the levels required by Section 5.1.1. Amounts deposited from time to time into the Special Insurance Reserve Account pursuant to this Section 6.5 are referred to herein as the “Special Insurance Reserve Funds”.99

Appears in 1 contract

Samples: Loan Agreement (Vinebrook Homes Trust, Inc.)

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Deposit of Special Insurance Reserve Funds. If pursuant to Section 5.1.3 Borrower elects to maintain insurance policies with deductibles in excess of the amounts required by Section 5.1.1 Borrower shall deposit into and maintain in an Account (the “Special Insurance Reserve Account”) an aggregate amount equal to the difference between deductibles in respect of insurance policies maintained by Borrower that are in excess of the levels required by Section 5.1.1. Amounts deposited from time to time into the Special Insurance Reserve Account pursuant to this Section 6.5 are referred to herein as the “Special Insurance Reserve Funds”.

Appears in 1 contract

Samples: Loan Agreement (American Residential Properties, Inc.)

Deposit of Special Insurance Reserve Funds. If pursuant to Section 5.1.3 Borrower elects maintain insurance policies with deductibles in excess of the amounts required by Section 5.1.1 Borrower shall deposit into and maintain in an Account (the “Special Insurance Reserve Account”) an aggregate amount equal to the difference between deductibles in respect of insurance policies maintained by Borrower that are in excess of the levels required by SectionSection 5. 5.1.11.1. Amounts deposited from time to time into the Special Insurance Reserve Account pursuant to this Section 6.5 are referred to herein as the “Special Insurance Reserve Funds”.

Appears in 1 contract

Samples: Loan Agreement (Invitation Homes Inc.)

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