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).
Appears in 46 contracts
Samples: Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.)
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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)or Rollover Reserve Fund.
Appears in 11 contracts
Samples: Mezzanine Loan Agreement, Loan Agreement (Gladstone Commercial Corp), Mezzanine Loan Agreement (TNP Strategic Retail Trust, Inc.)
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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Rollover Reserve Fund.
Appears in 5 contracts
Samples: Loan Agreement (RREEF Property Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Loan Agreement (City Office REIT, Inc.)
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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 4 contracts
Samples: Loan Agreement (Hudson Pacific Properties, Inc.), Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Acadia Realty Trust)
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay reimburse 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 (other than Replacements) to the an Individual Property or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 4 contracts
Samples: Junior Mezzanine Loan Agreement (Felcor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc), Mezzanine Loan Agreement (Felcor Lodging Trust Inc)
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the applicable Replacement Reserve Account to pay Borrower (or Mortgage Borrower, Property Owner or Operating Lessee, if so directed by Borrower) only for the costs of the Replacements. Lender shall not be obligated to make disbursements from the applicable Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the or Property or Owner for costs which are to be reimbursed from the Required Repair Fund (if any)Capital Expenditure Fund.
Appears in 3 contracts
Samples: Management Agreement (ESH Hospitality LLC), Management Agreement (ESH Hospitality LLC), Management Agreement (ESH Hospitality LLC)
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 an Individual Property or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 3 contracts
Samples: Loan Agreement (Inland Real Estate Corp), Loan Agreement (Entertainment Properties Trust), Loan Agreement (Inland Real Estate Corp)
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)Fund.
Appears in 3 contracts
Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc)
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay Borrower Grantor only for the costs of the Replacements. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower Grantor for the costs of routine maintenance to the Property or for costs which are to be reimbursed from the Required Repair Fund (if any).
Appears in 2 contracts
Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)
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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)a Tenant’s obligation.
Appears in 2 contracts
Samples: Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)
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)Property.
Appears in 2 contracts
Samples: Loan Agreement (MPG Office Trust, Inc.), Loan Agreement (Maguire Properties Inc)
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 replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 2 contracts
Samples: Loan Agreement (Strategic Storage Trust II, Inc.), Loan Agreement (Strategic Storage Trust IV, Inc.)
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 an Individual Property or for costs which are to be reimbursed from the Required Repair Fund (if any)or Rollover Reserve Fund.
Appears in 2 contracts
Samples: Loan Agreement (W. P. Carey Inc.), Loan Agreement (Net Lease Office Properties)
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account from time to time 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 replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Capital Expenditure Funds.
Appears in 2 contracts
Samples: Loan Agreement (Interstate Hotels & Resorts Inc), Loan Agreement (Interstate Hotels & Resorts Inc)
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 an Individual Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 2 contracts
Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.), Property Management Agreement (Sunstone Hotel Investors, Inc.)
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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Rollover Reserve Fund (if any)or Major Tenant Rollover Reserve Fund.
Appears in 1 contract
Samples: Loan Agreement (Carter Validus Mission Critical REIT II, Inc.)
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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any).a Tenant’s obligation. 116
Appears in 1 contract
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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Rollover Reserve Account.
Appears in 1 contract
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)Fund.
Appears in 1 contract
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 an Individual Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Rollover Reserve Fund.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (ac) 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)Fund.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay Borrower (or Operating Lessee, if so directed by 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 an Individual Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 1 contract
Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.)
Disbursements from Replacement Reserve Account. (a) Provided sufficient sums have been deposited by Borrower into the Replacement Reserve Account, 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).
Appears in 1 contract
Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)
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).make
Appears in 1 contract
Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)
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 an Individual Property, replacements of inventory or for any costs which are to be reimbursed from the Required Repair Fund (if any)Rollover Reserve Funds.
Appears in 1 contract
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 an Individual Property, replacement of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)or the Rollover Reserve Fund.
Appears in 1 contract
Samples: Junior Mezzanine Loan Agreement (Inland Western Retail Real Estate Trust Inc)
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 an Individual Property or for costs which are to be reimbursed from the Required Repair Fund (if any).
Appears in 1 contract
Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)
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 Property, or for costs which are to be reimbursed from the Required Repair Fund (if any)replacements of inventory.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay reimburse 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 (other than Replacements) to the a Property or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 1 contract
Samples: Agreement (Felcor Lodging Trust Inc)
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 an Individual Property or for costs which are to be reimbursed from the Required Repair Fund (if any)replacements of inventory.
Appears in 1 contract
Samples: Loan Agreement (Sun Communities Inc)
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay such 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 maintain and repair the Property or for costs which are to be reimbursed from as set forth herein (collectively, the Required Repair Fund (if any"REPLACEMENTS").
Appears in 1 contract
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 Property, replacements of inventory or for costs which are to be reimbursed from the Rollover Reserve Fund, the Major Tenant Rollover Reserve Fund or the Required Repair Fund (if any)Fund.
Appears in 1 contract
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)an Individual Property.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (ac) 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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)a Tenant’s obligation.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay Borrower only for the costs of the ReplacementsReplacements upon satisfaction of the requirements set forth in this Section 7.3.2. 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)Fund.
Appears in 1 contract
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 rot 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 arc to be reimbursed from the Required Repair Fund (if any).
Appears in 1 contract
Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)
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 Property. For the purposes of this Section the applicable Reserve Account from which a disbursement is requested will be referred to as the “Reserve Account” and the item for costs which are to be reimbursed from a disbursement is requested is the Required Repair Fund (if any)“Work Item”.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (ai) 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 an Individual Property or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 1 contract
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 an Individual Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)or Rollover Reserve Fund.
Appears in 1 contract
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 an Individual Property, for replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (a1) 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 Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 1 contract
Samples: Loan Agreement (Acadia Realty Trust)
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay reimburse 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 (other than Replacements) to the Property or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay reimburse 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)Fund.
Appears in 1 contract
Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay reimburse Borrower only for the costs of the ReplacementsCapital Expenditures. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance (other than Capital Expenditures) to the an Individual Property or for costs which are to be reimbursed from the Required Repair Fund (if any)Fund.
Appears in 1 contract
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).
Appears in 1 contract
Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)
