Common use of Escrow Reserve Accounts Under Facility Mortgages Clause in Contracts

Escrow Reserve Accounts Under Facility Mortgages. For purposes of this Lease, any funds on deposit in any escrow reserve account required under any Facility Mortgage (other than any principal reserve funds) that were funded by Tenant in accordance with Tenant's obligations under this Lease shall be deemed to be the property of Tenant. If during the term, any Facility Mortgage is refinanced and the terms of the replacement Facility Mortgage do not require Landlord to establish escrows at the inception thereof, then any amounts then held in escrow reserve accounts (other than principal reserve accounts) shall be disbursed to Tenant, and any amounts then held in principal reserve accounts shall be disbursed to Landlord. Subject to Section 16, at the expiration of the Term, any funds on deposit in any escrow reserve account (other than any principal reserve account) that were funded by Tenant in accordance with Tenant's obligations under this Lease shall be promptly returned to Tenant.

Escrow Reserve Accounts Under Facility Mortgages. For purposes of this Lease, any funds on deposit in any escrow reserve account required under any Facility Mortgage (other than any principal reserve funds) that were funded by Tenant in accordance with Tenant's obligations under this Lease shall be deemed to be the property of Tenant. If during the term, any Facility Mortgage is refinanced and the terms of the replacement Facility Mortgage Refinancing do not require Landlord to establish escrows at the inception thereof, then any amounts then held in escrow reserve accounts (other than principal reserve accounts) shall be disbursed to Tenant, and any amounts then held in principal reserve accounts shall be disbursed to Landlord. Subject to Section 16, at the expiration of the Term, any funds on deposit in any escrow reserve account (other than any principal reserve account) that were funded by Tenant in accordance with Tenant's obligations under this Lease shall be promptly returned to Tenant.