Environmental Escrow Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts anticipated to be required to correct Environmental Conditions (the “Environmental Escrow Account”).
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Samples: Senior Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (Gramercy Capital Corp), Loan Agreement (Gramercy Capital Corp)
Environmental Escrow Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts anticipated to be required to correct Environmental Conditions complete the TPH Remediation (the “"Environmental Escrow Account”").
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