Common use of Deposits to Rollover Reserve Fund Clause in Contracts

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender on each Payment Date during a Trigger Period, all Excess Cash Flow, which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following the date hereof. In addition, Borrower shall pay to Lender for deposit with Lender all funds received by Borrower in connection with any cancellation, termination or surrender of any Lease, including, but not limited to, any surrender or cancellation fees, buy-out fees, or reimbursements for tenant improvements and leasing commissions. All such amounts so deposited shall hereinafter be referred to as the “Rollover Reserve Fund”. The amount of the Rollover Reserve Funds on deposit with Lender are not required to exceed $8,500,000 (which amount shall be reduced pro-rata pursuant to the related Allocated Percentage if an Individual Property is released pursuant to Section 2.6.2 hereof) (the “Rollover Reserve Cap”). When the amount of Rollover Reserve Funds on deposit with Lender equals or exceeds the Rollover Reserve Cap, Borrower may cease making monthly deposits to the Rollover Reserve Funds. If at any time thereafter during a Trigger Period the amount of Rollover Reserve Funds on deposit with Lender is less than the Rollover Reserve Cap, then Borrower shall recommence and continue making monthly deposits to the Rollover Reserve Funds as provided above.

Deposits to Rollover Reserve Fund. From and after Completion of the Improvements, Borrower shall pay to Lender on each Payment Date during a Trigger Period, all Excess Cash Flowthe sum of $15,645.33 (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. In addition, Borrower shall pay to Lender for deposit with Lender all funds received by Borrower in connection with any cancellation, termination or surrender of any Lease, including, but not limited to, any surrender or cancellation fees, buy-out fees, or reimbursements for tenant improvements and leasing commissions. All such amounts 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”. The amount Notwithstanding the foregoing, Borrower shall not be required to deposit any portion of the Rollover Reserve Funds Monthly Deposit which would cause the amount then on deposit with Lender are not required in the Rollover Reserve, as determined by Lender, to exceed $8,500,000 (which amount shall be reduced pro-rata pursuant to the related Allocated Percentage if an Individual Property is released pursuant to Section 2.6.2 hereof) 938,720.00 (the “Rollover Reserve Cap”). When the amount of Rollover Reserve Funds on deposit with Lender in the Rollover Reserve Account equals or exceeds the Rollover Reserve Cap, Borrower may cease making monthly deposits Rollover Reserve Monthly Deposits to the Rollover Reserve FundsFund. If at any time thereafter during a Trigger Period the amount of the Rollover Reserve Funds funds on deposit with Lender in the Rollover Reserve Account is less than the Rollover Reserve Cap, then Borrower shall recommence and continue making monthly deposits Rollover Reserve Monthly Deposits to the Rollover Reserve Funds, until the amount of Rollover Reserve Funds as provided aboveon deposit in the Rollover Reserve Account equal or exceed the Rollover Reserve Cap.

Deposits to Rollover Reserve Fund. From and after Completion of the Improvements, Borrower shall pay to Lender on each Payment Date during a Trigger Period, all Excess Cash Flowthe sum of $15,645.33 (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. In addition, Borrower shall pay to Lender for deposit with Lender all funds received by Borrower in connection with any cancellation, termination or surrender of any Lease, including, but not limited to, any surrender or cancellation fees, buy-out fees, or reimbursements for tenant improvements and leasing commissions. All such amounts 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". The amount Notwithstanding the foregoing, Borrower shall not be required to deposit any portion of the Rollover Reserve Funds Monthly Deposit which would cause the amount then on deposit with Lender are not required in the Rollover Reserve, as determined by Lender, to exceed $8,500,000 (which amount shall be reduced pro-rata pursuant to the related Allocated Percentage if an Individual Property is released pursuant to Section 2.6.2 hereof) 938,720.00 (the “Rollover Reserve Cap”). When the amount of Rollover Reserve Funds on deposit with Lender in the Rollover Reserve Account equals or exceeds the Rollover Reserve Cap, Borrower may cease making monthly deposits Rollover Reserve 132 Monthly Deposits to the Rollover Reserve FundsFund. If at any time thereafter during a Trigger Period the amount of the Rollover Reserve Funds funds on deposit with Lender in the Rollover Reserve Account is less than the Rollover Reserve Cap, then Borrower shall recommence and continue making monthly deposits Rollover Reserve Monthly Deposits to the Rollover Reserve Funds, until the amount of Rollover Reserve Funds as provided aboveon deposit in the Rollover Reserve Account equal or exceed the Rollover Reserve Cap.

Deposits to Rollover Reserve Fund. Borrower shall pay to Lender on each Payment Date during a Trigger Period, all Excess Cash Flowthe sum of $23,413.25 (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 hereofhereof (collectively, "Leasing Expenses"); provided, however, Borrower shall not be required to make pay the Rollover Reserve Monthly Deposit to Lender during such times as the balance in the Rollover Reserve Account exceeds $842,877.00. In addition, Borrower shall pay to Lender for deposit with Lender in the Rollover Reserve Account all funds received by Borrower Lease Termination Payments; provided, however, no Lease Termination Payments contributed to the Rollover Reserve Account shall be counted towards any balance in connection with any cancellation, termination or surrender of any Lease, including, but not limited to, any surrender or cancellation fees, buy-out fees, or reimbursements for tenant improvements and leasing commissionsthe Rollover Reserve Account which serves to limit future contributions to the Rollover Reserve Account from the Rollover Reserve Deposit. All such amounts Amounts so deposited shall hereinafter be referred to as the “"Rollover Reserve Fund”. The amount of " and the account to which such amounts are held shall hereinafter be referred to as the "Rollover Reserve Funds on deposit with Lender are not Account". Notwithstanding anything to the contrary contained in this Section 7.4.1, Borrower shall only be required to exceed $8,500,000 (which amount shall be reduced pro-rata pursuant to the related Allocated Percentage if an Individual Property is released pursuant to Section 2.6.2 hereof) (the “make Rollover Reserve Cap”). When the amount of Monthly Deposits on Payment Dates occurring during Rollover Reserve Funds on deposit with Lender equals or exceeds the Rollover Reserve Cap, Borrower may cease making monthly deposits to the Rollover Reserve Funds. If at any time thereafter during a Trigger Period the amount of Rollover Reserve Funds on deposit with Lender is less than the Rollover Reserve Cap, then Borrower shall recommence and continue making monthly deposits to the Rollover Reserve Funds as provided abovePeriods.