Common use of Deposits of Project Reserve Funds Clause in Contracts

Deposits of Project Reserve Funds. Borrower shall deposit with Lender (which amount may be net funded by Lender but deemed disbursed) an amount equal to $210,000.00 on the Closing Date for the purpose of funding Project Costs, which amounts shall be deposited into a Reserve Account (the “Project Reserve Account”). Amounts deposited from time to time into the Project Reserve Account pursuant to this Section 7.4.1 are referred to herein as the “Project Reserve Funds”. The allocated amount of Project Reserve Funds with respect to each Individual Property, are set forth on Schedule 1.1(a) hereof.

Deposits of Project Reserve Funds. Borrower shall deposit with Lender (which amount may be net funded by Lender but deemed disbursed) an amount equal to $210,000.00 175,000.00 on the Closing Date for the purpose of funding Project Costs, which amounts shall be deposited into a Reserve Account (the “Project Reserve Account”). Amounts deposited from time to time into the Project Reserve Account pursuant to this Section 7.4.1 are referred to herein as the “Project Reserve Funds”. The allocated amount of Project Reserve Funds with respect to each Individual Property, are set forth on Schedule 1.1(a) hereof.

Deposits of Project Reserve Funds. Borrower shall deposit with Lender (which amount may be net funded by Lender but deemed disbursed) an amount equal to $210,000.00 1,735,713.00 on the Closing Date for the purpose of funding Project Costs, which amounts shall be deposited into a Reserve Account (the “Project Reserve Account”). Amounts deposited from time to time into the Project Reserve Account pursuant to this Section 7.4.1 are referred to herein as the “Project Reserve Funds”. The allocated amount of Project Reserve Funds with respect to each Individual Property, are set forth on Schedule 1.1(a) hereof.

Deposits of Project Reserve Funds. Borrower shall deposit with Lender (which amount may be net funded by Lender but deemed disbursed) an amount equal to $210,000.00 70,000.00 on the Closing Date for the purpose of funding Project Costs, which amounts shall be deposited into a Reserve Account (the “Project Reserve Account”). Amounts deposited from time to time into the Project Reserve Account pursuant to this Section 7.4.1 are referred to herein as the “Project Reserve Funds”. The allocated amount of Project Reserve Funds with respect to each Individual Property, are set forth on Schedule 1.1(a) hereof.

Deposits of Project Reserve Funds. Borrower shall deposit with Lender (which amount may be net funded by Lender but deemed disbursed) an amount equal to $210,000.00 735,000.00 on the Closing Date for the purpose of funding Project Costs, which amounts shall be deposited into a Reserve Account (the “Project Reserve Account”). Amounts deposited from time to time into the Project Reserve Account pursuant to this Section 7.4.1 are referred to herein as the “Project Reserve Funds”. The allocated amount of Project Reserve Funds with respect to each Individual Property, are set forth on Schedule 1.1(a) hereof.

Deposits of Project Reserve Funds. Borrower shall deposit with Lender (which amount may be net funded by Lender but deemed disbursed) an amount equal to $210,000.00 35,000.00 on the Closing Date for the purpose of funding Project Costs, which amounts shall be deposited into a Reserve Account (the “Project Reserve Account”). Amounts deposited from time to time into the Project Reserve Account pursuant to this Section 7.4.1 are referred to herein as the “Project Reserve Funds”. The allocated amount of Project Reserve Funds with respect to each Individual Property, are set forth on Schedule 1.1(a) hereof.