Common use of Disbursements from Replacement Reserve Account Clause in Contracts

Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay, or to reimburse Borrower or Master Lessee for, the costs of the Replacements only. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to pay, or to reimburse Borrower or Master Lessee for the costs of routine maintenance to the Property of a type not typically accounted for as an “FF&E” expense or of inventory consumed in the ordinary course of the operation of the Property.

Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay, or to reimburse Borrower or Master Lessee forTenant, for the costs of the Replacements only. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to pay, or to reimburse Borrower or Master Lessee Tenant, for the costs of routine maintenance to the Property Property, replacements of inventory or for costs of a type not typically accounted for as an “FF&E” expense or of inventory consumed in the ordinary course of the operation of the Property.

Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the applicable Replacement Reserve Account to paypay Borrower and Property Owner (or Operating Lessee, or to reimburse if so directed by Borrower or Master Lessee for, and Property Owner) only for the costs of the Replacements onlyReplacements. Lender shall not be obligated to make disbursements from the applicable Replacement Reserve Account to pay, or to reimburse Borrower or Master Lessee Property Owner for costs which are to be reimbursed from the costs of routine maintenance to the Property of a type not typically accounted for as an “FF&E” expense or of inventory consumed in the ordinary course of the operation of the PropertyCapital Expenditure Reserve Funds.

Disbursements from Replacement Reserve Account. (a) Lender shall make disbursements from the Replacement Reserve Account to pay, or to reimburse pay Borrower or Master Lessee for, only for the costs of the Replacements onlyReplacements. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to pay, or to reimburse Borrower or Master Lessee for the costs of routine maintenance to the Property of a type not typically accounted for as an “FF&E” expense or Individual Property, replacements of inventory consumed in or for any costs which are to be reimbursed from the ordinary course of the operation of the PropertyRequired Repair and Environmental Conditions Reserve Fund, FF&E Reserve Fund or Rollover Reserve Fund.