Deposits to Leasing Reserve Account Sample Clauses

Deposits to Leasing Reserve Account. Upon Loan Closing, Borrower shall cause the Title Company to deposit into the Leasing Reserve Account from the proceeds of the Loan the aggregate amount of the CoreSite Cash Allowance and the Xxxxxxx Xxxxxx Initial Cash Allowance in order to provide funds for payment of the CoreSite Cash Allowance when and as due in accordance with the CoreSite Lease Amendment and payment of the Xxxxxxx Xxxxxx Initial Cash Allowance when and as due in accordance with the Xxxxxxx Xxxxxx Lease Amendment. Borrower understands and agrees that, notwithstanding the deposit of such Loan proceeds in the aggregate amount of the CoreSite Cash Allowance and the Xxxxxxx Xxxxxx Initial Cash Allowance into the Leasing Reserve at Loan Closing, all of the proceeds of the Loan used to so fund the Leasing Reserve shall be deemed to be disbursed to Borrower and shall bear interest from and after Loan Closing in accordance with this Agreement and the other Loan Documents. In addition, from and after the occurrence of an Event of Default (whether or not such Event of Default is thereafter cured), all Net Operating Income to be deposited into the Leasing Reserve in accordance with Section 3.1.5(a)(v) above until the total amount on deposit in the Leasing Reserve equals the aggregate amount of the CoreSite Cash Allowance, the Xxxxxxx Xxxxxx Initial Cash Allowance and the Xxxxxxx Xxxxxx Additional Cash Allowances which have not yet been paid to CoreSite pursuant to the CoreSite Lease Amendment and to Xxxxxxx Xxxxxx pursuant to the Xxxxxxx Xxxxxx Lease Amendment, respectively. All such amounts deposited into the Leasing Reserve Account pursuant to this Section 3.3.1 shall constitute the “Leasing Reserve Fund”.
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Related to Deposits to Leasing Reserve Account

  • Reserve Accounts All reserves, escrows and deposit accounts required under the Loan Documents and all cash, checks, drafts, certificates, securities, investment property, financial assets, instruments and other property held therein from time to time and all proceeds, products, distributions or dividends or substitutions thereon and thereof;

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Initial Reserve Account Deposit On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Reserve Balance into the Reserve Account from the net proceeds of the sale of the Notes.

  • Interest Reserve Account The Certificate Administrator shall establish and maintain the Interest Reserve Account in the Certificate Administrator’s name, on behalf of the Trustee, for the benefit of the Certificateholders. The Interest Reserve Account shall be established and maintained as a non-interest bearing Eligible Account. On each Master Servicer Remittance Date occurring in January (except during a leap year) or February (commencing in 2018) (unless, in either such case, the related Distribution Date is the final Distribution Date), the Master Servicer shall remit to the Certificate Administrator for deposit into the Interest Reserve Account, in respect of all the Mortgage Loans that accrue interest on the basis of a 360-day year and the actual number of days in the related month, an amount equal to one day’s interest at the related Net Mortgage Rate on the Stated Principal Balance of each such Mortgage Loan as of the close of business on the Distribution Date in the month preceding the month in which such Master Servicer Remittance Date occurs, to the extent a Monthly Payment or P&I Advance is made in respect thereof (all amounts so deposited in any consecutive January (if applicable) and February, “Withheld Amounts”). On or prior to the Master Servicer Remittance Date in March (or February if the final Distribution Date occurs in such month) of each calendar year (commencing in 2018), the Certificate Administrator shall transfer to the Lower-Tier REMIC Distribution Account the aggregate of all Withheld Amounts on deposit in the Interest Reserve Account.

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • DEPOSITS TO THE ESCROW ACCOUNT The Master Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Master Servicer's receipt thereof, and shall thereafter deposit in the Escrow Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, and retain therein:

  • Targeted Deposits to the Accumulation Reserve Account The deposit targeted to be made to the Accumulation Reserve Account for any Monthly Period during the Accumulation Reserve Funding Period will be an amount equal to the Required Accumulation Reserve sub-Account Amount.

  • Debt Service Reserve Account The Debt Service Reserve Account shall have been funded (or credited with funds), to the extent required, in an amount equal to the Debt Service Reserve Required Amount in accordance with the Depositary Agreement.

  • Disbursements from Replacement Reserve Account (a) Lender shall make disbursements from the Replacement Reserve Account to pay Borrower only for the costs of the Replacements. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property or for costs which are to be reimbursed from the Required Repair Fund (if any).

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