Common use of Deposits of Capital Expenditure Funds Clause in Contracts

Deposits of Capital Expenditure Funds. Pursuant to the Cash Management Agreement, upon (a) the occurrence of a Trigger Event and during the continuance of a Trigger Period or (b) the occurrence of an Event of Default and during the continuance thereof, Borrower shall deposit with Agent on each Monthly Payment Date an amount equal to the lesser of (a) one-twelfth of the product of $0.03 and the number of cubic feet of space at the Property (it being agreed that, as of the date hereof there is 32,841,000 cubic feet of space at the Property comprised of the number of cubic feet at each Individual Property set forth on Schedule VI) and (b) the amount necessary to bring the amount of Capital Expenditure Funds in the Capital Expenditure Account to the Capital Expenditure Maximum Amount, which amounts shall be for Capital Expenditures. Amounts deposited pursuant to this Section 6.4.1, together with interest earned thereon, are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Pursuant to the Cash Management Agreement, upon (a) the occurrence of a Trigger Event and during the continuance of a Trigger Period or (b) the occurrence of an Event of Default and during the continuance thereof, Borrower shall deposit with Agent on each Monthly Payment Date an amount equal to the lesser of (a) one-twelfth of the product of $0.03 and the number of cubic feet of space at the Property (it being agreed that, as of the date hereof there is 32,841,000 40,256,700 cubic feet of space at the Property comprised of the number of cubic feet at each Individual Property set forth on Schedule VI) and (b) the amount necessary to bring the amount of Capital Expenditure Funds in the Capital Expenditure Account to the Capital Expenditure Maximum Amount, which amounts shall be for Capital Expenditures. Amounts deposited pursuant to this Section 6.4.1, together with interest earned thereon, are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Pursuant to the Cash Management Agreement, upon (a) the occurrence of a Trigger Event and during the continuance of a Trigger Period or (b) the occurrence of an Event of Default and during the continuance thereof, Borrower shall deposit with Agent on each Monthly Payment Date an amount equal to the lesser of (a) one-twelfth of the product of $0.03 and the number of cubic feet of space at the Property (it being agreed that, as of the date hereof there is 32,841,000 102,754,000 cubic feet of space at the Property comprised of the number of cubic feet at each Individual Property set forth on Schedule VI) and (b) the amount necessary to bring the amount of Capital Expenditure Funds in the Capital Expenditure Account to the Capital Expenditure Maximum Amount, which amounts shall be for Capital Expenditures. Amounts deposited pursuant to this Section 6.4.1, together with interest earned thereon, are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Pursuant to the Cash Management Agreement, upon (a) the occurrence of a Trigger Event and during the continuance of a Trigger Period or (b) the occurrence of an Event of Default and during the continuance thereof, Borrower shall deposit with Agent on each Monthly Payment Date an amount equal to the lesser of (a) one-twelfth of the product of $0.03 and the number of cubic feet of space at the Property (it being agreed that, as of the date hereof there is 32,841,000 110,557,472 cubic feet of space at the Property comprised of the number of cubic feet at each Individual Property set forth on Schedule VI) and (b) the amount necessary to bring the amount of Capital Expenditure Funds in the Capital Expenditure Account to the Capital Expenditure Maximum Amount, which amounts shall be for Capital Expenditures. Amounts deposited pursuant to this Section 6.4.1, together with interest earned thereon, are referred to herein as the “Capital Expenditure Funds”.

Deposits of Capital Expenditure Funds. Pursuant to the Cash Management Agreement, upon (a) the occurrence of a Trigger Event and during the continuance of a Trigger Period or (b) the occurrence of an Event of Default and during the continuance thereof, Borrower shall deposit with Agent on each Monthly Payment Date an amount equal to the lesser of (a) one-twelfth of the product of $0.03 and the number of cubic feet of space at the Property (it being agreed that, as of the date hereof there is 32,841,000 20,587,000 cubic feet of space at the Property comprised of the number of cubic feet at each Individual Property set forth on Schedule VI) and (b) the amount necessary to bring the amount of Capital Expenditure Funds in the Capital Expenditure Account to the Capital Expenditure Maximum Amount, which amounts shall be for Capital Expenditures. Amounts deposited pursuant to this Section 6.4.1, ,. together with interest earned thereon, are referred to herein as the “Capital Expenditure Funds”.