Common use of Deposits to Ground Lease Fund Clause in Contracts

Deposits to Ground Lease Fund. (a) Subject to the last sentence of Section 7.4.2, on each Payment Date after the Closing Date, Borrower shall pay to Lender one-twelfth of the rents (including both base and additional rents) and other charges (collectively, “Ground Rent”) due under each Ground Lease (the “Ground Lease Reserve Deposit”) that Lender estimates will be payable by Mortgage Borrower as lessee under the related Ground Lease (collectively, the “Ground Lease Reserve Deposit”) during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Ground Rent at least thirty (30) days prior to the respective due dates. In addition, on the Closing Date, Borrower shall pay to Lender an amount equal to any Ground Rent payable under any Ground Lease within thirty (30) days of the first Payment Date. Amounts so deposited shall hereinafter be referred to as the “Ground Lease Reserve Fund” and the account in which such amounts are held shall hereinafter be referred to as the “Ground Lease Reserve Account”. (b) Borrower shall make a capital contribution to Mortgage Borrower in an amount equal to any Ground Lease Reserve Funds disbursed to Borrower as and when such disbursements are made pursuant to this Section 7.4.1. Borrower shall cause Mortgage Borrower or Property Owner to pay the Ground Rent.

Deposits to Ground Lease Fund. (a) Subject to the last sentence of this Section 7.4.27.5.2, on each Payment Date after the Closing Date, Borrower shall, or shall cause Mortgage Borrower to, pay to Lender one-twelfth of the rents (including both base rent and additional rentsrents (excluding any Taxes otherwise reserved for hereunder)) and other charges (collectively, “Ground Rent”) due under each Ground Lease (the “Ground Lease Reserve Deposit”) that Lender estimates will be payable by Mortgage Borrower as lessee under the related Ground Lease (collectively, the “Ground Lease Reserve Deposit”) during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Ground Rent at least thirty (30) days prior to the respective due dates. In addition, on the Closing Date, Borrower shall pay to Lender an amount equal to any Ground Rent payable under any Ground Lease within thirty (30) days of the first Payment Date. Amounts so deposited shall hereinafter be referred to as the “Ground Lease Reserve Fund” and the account in which such amounts are held shall hereinafter be referred to as the “Ground Lease Reserve Account”. (b) Borrower shall make a capital contribution to Mortgage Borrower in an amount equal to any Ground Lease Reserve Funds disbursed to Borrower as and when such disbursements are made pursuant to this Section 7.4.1. Borrower shall cause Mortgage Borrower or Property Owner to pay the Ground Rent.

Deposits to Ground Lease Fund. (a) Subject to the last sentence of Section 7.4.2, on each Payment Date after the Closing Date, Borrower and Property Owner shall pay to Lender one-twelfth of the rents (including both base and additional rents) and other charges (collectively, “Ground Rent”) due under each Ground Lease (the “Ground Lease Reserve Deposit”) that Lender estimates will be payable by Mortgage Borrower as lessee under the related Ground Lease (collectively, the “Ground Lease Reserve Deposit”) during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Ground Rent at least thirty (30) days prior to the respective due dates. In addition, on the Closing Date, Borrower and Property Owner shall pay to Lender an amount equal to any Ground Rent payable under any Ground Lease within thirty (30) days of the first Payment Date. Amounts so deposited shall hereinafter be referred to as the “Ground Lease Reserve Fund” and the account in which such amounts are held shall hereinafter be referred to as the “Ground Lease Reserve Account”. (b) Borrower shall make a capital contribution to Mortgage Borrower in an amount equal to any Ground Lease Reserve Funds disbursed to Borrower as and when such disbursements are made pursuant to this Section 7.4.1. Borrower shall cause Mortgage Borrower or Property Owner to pay the Ground Rent.

Deposits to Ground Lease Fund. (a) Subject to the last sentence of Section 7.4.27.5.2, on each Payment Date after the Closing DateDate during a Cash Trap Period, Borrower shall pay to Lender one-twelfth of the rents (including both base rent and additional rentsrents (excluding any Taxes otherwise reserved for hereunder)) and other charges (collectively, the “Ground Rent”) due under each the Ground Lease (the “Ground Lease Reserve Deposit”) that Lender estimates will be payable by Mortgage Borrower as lessee under the related Ground Lease (collectively, the “Ground Lease Reserve Deposit”) during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Ground Rent at least thirty (30) days prior to the respective due dates. In addition, on the Closing Date, Borrower shall pay to Lender an amount equal to any Ground Rent payable and outstanding under any the Ground Lease within thirty (30) days of the first Payment Date. Amounts so deposited shall hereinafter be referred to as the “Ground Lease Reserve Fund” and the account in which such amounts are held shall hereinafter be referred to as the “Ground Lease Reserve Account”. (b) Borrower . Upon the occurrence of a Cash Trap Event Cure and provided that a Cash Trap Period shall make a capital contribution to Mortgage Borrower not exist, amounts in an amount equal to any the Ground Lease Reserve Funds disbursed to Borrower as and when such disbursements are made pursuant to this Section 7.4.1. Borrower Fund shall cause Mortgage Borrower or Property Owner to pay be deposited into the Ground RentCash Management Account on the next Payment Date.

Deposits to Ground Lease Fund. (a) Subject to the last sentence of this Section 7.4.27.5.2, on each Payment Date after the Closing Date, Borrower shall pay to Lender one-twelfth of the rents (including both base rent and additional rentsrents (excluding any Taxes otherwise reserved for hereunder)) and other charges (collectively, “Ground Rent”) due under each Ground Lease (the “Ground Lease Reserve Deposit”) that Lender estimates will be payable by Mortgage Borrower as lessee under the related Ground Lease (collectively, the “Ground Lease Reserve Deposit”) during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Ground Rent at least thirty (30) days prior to the respective due dates. In addition, on the Closing Date, Borrower shall pay to Lender an amount equal to any Ground Rent payable under any Ground Lease within thirty (30) days of the first Payment Date. Amounts so deposited shall hereinafter be referred to as the “Ground Lease Reserve Fund” and the account in which such amounts are held shall hereinafter be referred to as the “Ground Lease Reserve Account”. (b) Borrower shall make a capital contribution to Mortgage Borrower in an amount equal to any Ground Lease Reserve Funds disbursed to Borrower as and when such disbursements are made pursuant to this Section 7.4.1. Borrower shall cause Mortgage Borrower or Property Owner to pay the Ground Rent.

Deposits to Ground Lease Fund. (a) Subject to the last sentence of Section 7.4.2, on each Payment Date after the Closing Date, Borrower shall pay to Lender one-twelfth of the rents (including both base and additional rents) and other charges (collectively, “Ground Rent”) due under each Ground Lease (the “Ground Lease Reserve Deposit”) that Lender estimates will be payable by Mortgage Borrower as lessee under the related Ground Lease (collectively, the “Ground Lease Reserve Deposit”) during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Ground Rent at least thirty (30) days prior to the respective due dates. In addition, on the Closing Date, Borrower shall pay to Lender an amount equal to any Ground Rent payable under any Ground Lease within thirty (30) days of the first Payment Date. Amounts so deposited shall hereinafter be referred to as the “Ground Lease Reserve Fund” and the account in which such amounts are held shall hereinafter be referred to as the “Ground Lease Reserve Account”. (b) Borrower shall make a capital contribution to Mortgage Borrower in an amount equal to any Ground Lease Reserve Funds disbursed to Borrower as and when such disbursements are made pursuant to this Section 7.4.17.4. 1. Borrower shall cause Mortgage Borrower or Property Owner to pay the Ground Rent.