Common use of Deposits of Capital Expenditure Funds Clause in Contracts

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender on each Monthly Payment Date, an amount equal to one-twelfth of the product of (i) $750 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender on each Monthly Payment Date, an amount equal to one-twelfth of the product of (i) $750 450 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender Agent on each Monthly Payment Date, an the amount equal to one-twelfth of the product of (i) $750 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds15,611.00, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). As of the date hereof, $15,611 is on deposit in the Capital Expenditure Account. Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 6.5.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender into the Capital Expenditure Account, on each Monthly Payment Date, an amount equal to one-twelfth of the product of (i) $750 multiplied by 500 and (ii) the number of Properties to which the Loan is applicableProperties, in order to accumulate sufficient funds, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 are referred to herein as the “Capital Expenditure Funds”.time

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender the Paying Agent on each Monthly Payment Date, an amount equal to one-twelfth of the product of (i) $750 800 multiplied by (ii) the number of Properties to which the Loan is applicableas of such Payment Date, in order to accumulate sufficient funds, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”)Subaccount. Amounts deposited from time to time into the Capital Expenditure Account Subaccount pursuant to this Section 6.4.1 6.3.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender into the Capital Expenditure Account, on each Monthly Payment Date, an amount equal to one-twelfth of the product of (i) $750 multiplied by 500 and (ii) the number of Properties to which the Loan is applicableProperties, in order to accumulate sufficient funds, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit or cause to be deposited with or on behalf of Lender on each Monthly Payment DateDate during a Reserve Funds Trigger Period, an the amount equal to one-twelfth of the product of Five Thousand One Hundred Forty Nine and 65/100 Dollars (i$5,149.65) $750 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds, for annual Capital ExpendituresExpenditures Work, which amounts shall be transferred by or at the direction of Lender into an Account established to hold such funds (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 6.5.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender Administrative Agent on each Monthly Payment Date, an amount equal to one-twelfth of the product of (i) $750 1,300 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender into the Capital Expenditure Account on each Monthly Payment Date, an amount equal to one-twelfth of the product of (i) $750 500 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Borrower shall deposit with or on behalf of Lender on each Monthly Payment Date, an the amount equal to one-twelfth of the product of (i) $750 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds48,090.33, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 6.5.1 are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Upon the occurrence and during the continuance of a Trigger Period, Borrower shall deposit with or on behalf of Lender on each Monthly Payment Date, an the amount equal to one-twelfth of the product of (i) $750 multiplied by (ii) the number of Properties to which the Loan is applicable, in order to accumulate sufficient funds13,459, for annual Capital Expenditures, which amounts shall be transferred into an Account (the “Capital Expenditure Account”). Amounts deposited from time to time into the Capital Expenditure Account pursuant to this Section 6.4.1 6.5.1 are referred to herein as the “Capital Expenditure Funds”.