Common use of Deposits to Rollover Reserve Fund Clause in Contracts

Deposits to Rollover Reserve Fund. Commencing on the Payment Date on May 1, 2015, and on each Payment Date thereafter, Borrower shall pay to Lender $8,916.67 (the “Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following such 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”. Notwithstanding the aforementioned, the aggregate amount of the Rollover Reserve Fund shall not exceed $321,000.00 in the aggregate (the “Rollover Reserve Cap”) on any Payment Date (after giving effect to the payment of the Rollover Reserve Monthly Deposit) and accordingly, to the extent a Rollover Reserve Monthly Deposit would result in the aggregate amount of Rollover Reserve Funds in the Rollover Reserve Account to exceed the Rollover Reserve Cap, such Rollover Reserve Monthly Deposit shall be decreased by an amount equal to such excess.

Deposits to Rollover Reserve Fund. Commencing on the Payment Date on May 1, 2015, and on each Payment Date thereafter, Borrower shall pay to Lender $8,916.67 1,083.33 (the “Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following such 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”. Notwithstanding the aforementioned, the aggregate amount of the Rollover Reserve Fund shall not exceed $321,000.00 390,000.00 in the aggregate (the “Rollover Reserve Cap”) on any Payment Date (after giving effect to the payment of the Rollover Reserve Monthly Deposit) and accordingly, to the extent a Rollover Reserve Monthly Deposit would result in the aggregate amount of Rollover Reserve Funds in the Rollover Reserve Account to exceed the Rollover Reserve Cap, such Rollover Reserve Monthly Deposit shall be decreased by an amount equal to such excess.

Deposits to Rollover Reserve Fund. Commencing on the Payment Date on May 1, 2015, and on each Payment Date thereafter, Borrower shall pay to Lender (a) on the Closing Date an initial deposit and (b) on each Payment Date thereafter $8,916.67 10,500.00 (the “Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following such datethe 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”. Notwithstanding the aforementioned, the aggregate amount of the Rollover Reserve Fund shall not exceed $321,000.00 350,000.00 in the aggregate (the “Rollover Reserve Cap”) on any Payment Date (after giving effect to the payment of the Rollover Reserve Monthly Deposit) and accordingly, to the extent a Rollover Reserve Monthly Deposit would result in the aggregate amount of Rollover Reserve Funds in the Rollover Reserve Account to exceed the Rollover Reserve Cap, such Rollover Reserve Monthly Deposit shall be decreased by an amount equal to such excess.

Deposits to Rollover Reserve Fund. Commencing on the Payment Date on May 1, 2015, and on each Payment Date thereafter, Borrower shall pay to Lender (a) on the Closing Date an initial deposit and (b) on each Payment Date thereafter $8,916.67 7,083.33 (the “Rollover Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement and leasing commission obligations incurred following such datethe 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”. Notwithstanding the aforementioned, the aggregate amount of the Rollover Reserve Fund shall not exceed $321,000.00 250,000.00 in the aggregate (the “Rollover Reserve Cap”) on any Payment Date (after giving effect to the payment of the Rollover Reserve Monthly Deposit) and accordingly, to the extent a Rollover Reserve Monthly Deposit would result in the aggregate amount of Rollover Reserve Funds in the Rollover Reserve Account to exceed the Rollover Reserve Cap, such Rollover Reserve Monthly Deposit shall be decreased by an amount equal to such excess.