Deposits to Ground Lease Reserve Fund. On each Payment Date, Borrower shall pay to Lender one-twelfth of the rents (including both base and additional rents) and other charges due under the Ground Lease that Lender reasonably estimates will be payable by Borrower as lessee under the Ground Lease (collectively, the “Ground Rent”) 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 determining the amount of the Ground Rent, Lender shall consider the amount of any Ground Rent paid directly, if any, by the Manager of the Hyatt Property. 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.”
Deposits to Ground Lease Reserve Fund. Subject to the last sentence of Section 7.1.2, on each Payment Date during a Cash Sweep Period, Borrower shall pay to Lender one-twelfth of the rents (including both base rent and additional rents (excluding any Taxes otherwise reserved for hereunder)) (collectively, the “Ground Rent”) due from Borrower under the Ground Lease 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. 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”. Upon a Cash Sweep Cure Date and provided that a Cash Sweep Period shall not then exist, amounts in the Ground Lease Reserve Funds shall be released to the Borrower on the next Payment Date.
Deposits to Ground Lease Reserve Fund. On each Payment Date occurring during the months of May through and including October and on each Payment Date occurring during the month of December one-seventh (1/7th) of the rents (including both base and additional rents) and other charges due under the Ground Lease that Lender reasonably estimates will be payable by Borrower as lessee under the Ground Lease (collectively, the “Ground Rent”) 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. 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.”
Deposits to Ground Lease Reserve Fund. Upon the occurrence and during the continuance of a Cash Sweep Period, Borrower shall pay to Lender, on each Payment Date thereafter, the amount equal to the rents (including both base and additional rents) and other charges due under the Ground Lease that Lender reasonably estimates will be payable by Borrower as lessee under the Ground Lease and under the Master Lease that Lender reasonably estimates will be payable by Borrower as lessee under the Master Lease (collectively, the “Ground Rent”) for the following month in order to accumulate with Lender sufficient funds to pay all such Ground Rent at least five (5) Business Days prior to the respective due dates. 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”.
