Establishment or Modification of Rate Cap Agreement Reserve Fund. (i) If the third-party Cap Agreement which will be in place immediately following the Transfer is scheduled to expire prior to the Maturity Date, Lender may require Borrower to establish a Rate Cap Agreement Reserve Fund.
Appears in 70 contracts
Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
Establishment or Modification of Rate Cap Agreement Reserve Fund. (i) If the third-party Cap Agreement which will be in place immediately following the Transfer is scheduled to expire prior to the Maturity Date, Funding Lender may require Borrower to establish a Rate Cap Agreement Reserve Fund.
Appears in 3 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Continuing Covenant Agreement
Establishment or Modification of Rate Cap Agreement Reserve Fund. (i) If the third-party Rate Cap Agreement which will be in place immediately following the Transfer is scheduled to expire prior to the Maturity Date, then Lender may require Borrower to establish a Rate Cap Agreement Reserve Fund.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
Establishment or Modification of Rate Cap Agreement Reserve Fund. (i) If the third-party Rate Cap Agreement which will be in place immediately following the Transfer is scheduled to expire prior to the Maturity Date, then Funding Lender may require Borrower to establish a Rate Cap Agreement Reserve Fund.
Appears in 2 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement
Establishment or Modification of Rate Cap Agreement Reserve Fund. (i) If the third-party Cap Agreement interest rate cap which will be in place immediately following the Transfer is scheduled to expire prior to the Maturity Date, Lender may require Borrower to establish a Rate Cap Agreement Reserve Fund.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Sentio Healthcare Properties Inc), Multifamily Loan and Security Agreement (CNL Growth Properties, Inc.)
Establishment or Modification of Rate Cap Agreement Reserve Fund. (i) If the third-party Cap Agreement which will be in place immediately following the Transfer is scheduled to expire prior to the Maturity Date, Multifamily Loan and Security Agreement Page 64 (Xxxxxxxx Reserve) Lender may require Borrower to establish a Rate Cap Agreement Reserve Fund.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
