Common use of Deposits to Rollover Reserve Fund Clause in Contracts

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender (a) on the Closing Date an initial deposit of $17,700.00 and (b) on each Payment Date thereafter $17,700.00 (the “Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following the date hereof. Amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund” and the account to which such amounts are held shall hereinafter be referred to as the “Rollover Reserve Account”.

Deposits to Rollover Reserve Fund. On the Closing Date, Borrower shall pay to Lender (a) on the Closing Date an initial deposit sum of $17,700.00 1,500,000.00 (the “Initial Rollover Reserve Deposit”), and (b) then Borrower shall pay to Lender on each Payment Date thereafter the sum of $17,700.00 9,250.00 (the “Monthly Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following the date hereof. Amounts The Initial Rollover Reserve Deposit, the Monthly Rollover Reserve Deposits and all other amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund” and the account to which such amounts are held shall hereinafter be referred to as the “Rollover Reserve Account”.

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender (a) on the Closing Date an initial deposit of $17,700.00 and (b) on each Payment Date thereafter the sum of $17,700.00 64,919.21 (the “Rollover Reserve Monthly Deposit”), which amounts amounts, together with all Lease Termination Payments shall be deposited in the Rollover Reserve Account with and held by Lender for tenant improvement and leasing commission obligations incurred following the date hereofClosing Date. Amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund” and the account to which such amounts are held shall hereinafter be referred to as the “Rollover Reserve Account”.

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender (a) on the Closing Date an initial deposit of $17,700.00 19,000.00 and (b) on each Payment Date thereafter $17,700.00 19,000.00 (the “Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following the date hereof. Amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund” and the account to which such amounts are held shall hereinafter be referred to as the “Rollover Reserve Account”.

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender (a) on the Closing Date an initial deposit of $17,700.00 and (b) on On each Payment Date thereafter from and after the occurrence of a Rollover Sweep Event, Borrower shall deposit with Lender $17,700.00 381,825.25 (the “Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred in relation to the Properties following the date hereof. Amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund” and the account to in which such amounts are held shall hereinafter be referred to as the “Rollover Reserve Account”.

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender (a) on the Closing Date an initial deposit of $17,700.00 and (b) on each Payment Date thereafter the sum of $17,700.00 55,192.83 (the “Rollover Reserve Monthly Deposit”), which amounts amounts, together with all Lease Termination Payments shall be deposited in the Rollover Reserve Account with and held by Lender for tenant improvement and leasing commission obligations incurred following the date hereofClosing Date. Amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund” and the account to which such amounts are held shall hereinafter be referred to as the “Rollover Reserve Account”.

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender (a) on the Closing Date an initial deposit the sum of $17,700.00 and (b) on each Payment Date thereafter $17,700.00 (the “Rollover Reserve Monthly Deposit”)4,519,898.90, which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following and which amounts include the date hereofoutstanding tenant improvements and outstanding leasing commissions listed in Schedule II; except that up to $1,175,000 may be used in Borrower’s discretion to fund general capital improvements to the Property. Additionally, Borrower shall deposit with Lender any Lease Termination Fees. Amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund” and the account to which such amounts are held shall hereinafter be referred to as the “Rollover Reserve Account”.