Immediate Repair Funds. (a) Borrower shall perform the repairs at the Property as set forth on Schedule I hereto (such repairs hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before the respective deadline for each repair as set forth on Schedule I hereto. On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the “Immediate Repair Account”) the amount set forth on such Schedule I hereto to perform the Immediate Repairs. Amounts deposited pursuant to this Section 8.1 are referred to herein as the “Immediate Repair Funds”.
Immediate Repair Funds. (a) Borrower shall perform the repairs at the Property as set forth on Schedule I hereto (such repairs hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before the respective deadline for each repair as set forth on Schedule I hereto; provided that, Lender may, in its sole discretion, extend the respective deadlines for performance of such Immediate Repairs by written notice to Borrower. On the Closing Date, Borrower shall deposit with Lender the amount set forth on such Schedule I hereto to perform the Immediate Repairs. Amounts deposited pursuant to this Section 8.3 are referred to herein as the “Immediate Repair Funds”. All Immediate Repair Funds shall be held by Lender or Servicer in an Eligible Account (the “Immediate Repair Reserve Account”).
Immediate Repair Funds. (1) Borrower shall perform the repairs at the Property as set forth on Schedule I hereto (all such repairs are hereinafter referred to as "Immediate Repairs") and shall complete each of the Immediate Repairs on or before the respective deadline for each repair as set forth on Schedule I hereto (as such deadlines may be extended by Lender in its sole discretion). On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the "Immediate Repair Account") an amount equal to $201,250, such amount representing 115% of the estimated costs of the Immediate Repairs. Amounts deposited pursuant to this Section 8.1 are referred to herein as the "Immediate Repair Funds".
Immediate Repair Funds. (a) Borrower shall perform or cause to be performed the repairs at each Individual Property as set forth on Schedule II hereto (all such repairs are hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before (i) ninety (90) days following the Closing Date for each repair listed under “Reserve for Immediate Repairs” as set forth on Schedule II hereto, subject to Force Majeure and (ii) one hundred eighty (180) days following the Closing Date for each repair listed under “Reserve for Short Term Repairs” as set forth on Schedule II hereto, subject to Force Majeure. On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the “Immediate Repair Account”) an amount equal to $1,812,989, such amount representing 125% of the estimated costs of the Immediate Repairs. In the event that a Borrower Immediate Repair Period shall occur, Borrower shall, within five (5) Business Days of such occurrence, deposit into the Immediate Repair Account an amount equal to the amount of the outstanding immediate repairs as reasonably determined by Lender with respect to the Waived Immediate Repair Property that relates to such Borrower Immediate Repair Period. Amounts deposited pursuant to this Section 8.1 are referred to herein as the “Immediate Repair Funds”.
Immediate Repair Funds. (a) Borrower shall perform the repairs at the Property as set forth on Exhibit B hereto (all such repairs are hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before the respective deadline for each repair as set forth on Exhibit B hereto (or, if no deadline is set forth, within ninety (90) days after the Closing Date). On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the “Immediate Repair Account”) an amount equal to $0. Amounts deposited pursuant to this Section 7.1 are referred to herein as the “Immediate Repair Funds”.
Immediate Repair Funds. (a) Borrower shall perform the repairs at the Property as set forth on Schedule II hereto (all such repairs are hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before (i) three (3) months following the Closing Date with respect to the items identified as “Immediate Repairs” on Schedule II attached hereto and (ii) one (1) year following the Closing Date with respect to the items identified as “Immediate Repair Remaining Costs” as set forth on Schedule II attached hereto. On the Closing Date, Borrower shall deposit into an Eligible Account held by Cash Management Bank (the “Immediate Repair Account”) an amount equal to $7,630,065, such amount representing 115% of the estimated costs of the Immediate Repairs. Amounts deposited pursuant to this Section 8.1 are referred to herein as the “Immediate Repair Funds”.
Immediate Repair Funds. (a) On the Closing Date, Borrower shall deposit into an Eligible Account held by Cash Management Bank (the “Immediate Repair Account”) an amount equal to $529,901.00, such amount representing 110% of the estimated costs of the Immediate Repairs. Amounts deposited pursuant to this Section 8.1 are referred to herein as the “Immediate Repair Funds”.
Immediate Repair Funds. (a) Borrower shall perform (or cause the performance of) the repairs at the Property as set forth on Schedule I hereto (such repairs hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before the respective deadline for each repair as set forth on Schedule I hereto; provided that, Lender may, in its sole discretion, extend the respective deadlines for performance of such Immediate Repairs by written notice to Borrower. On the Closing Date, Borrower shall deposit with Lender the amount set forth on such Schedule I hereto to perform the Immediate Repairs. Amounts deposited pursuant to this Section 8.3 are referred to herein as the “Immediate Repair Funds”. All Immediate Repair Funds shall be held by Lender or Servicer in an Eligible Account (the “Immediate Repair Reserve Account”).
Immediate Repair Funds. (a) Borrower shall perform the repairs at the Property as set forth on Schedule I hereto (all such repairs are hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before the respective deadline for each repair as set forth on Schedule I hereto. On the Closing Date, Borrower shall deposit with Lender or Servicer an amount equal to $0.00. Amounts deposited pursuant to this Section 4.1 are referred to herein as the “Immediate Repair Funds”. All Immediate Repair Funds shall be held by Lender or Servicer in an Eligible Account (the “Immediate Repair Reserve Account”).
Immediate Repair Funds. (a) Borrower shall perform the repairs at the Property as set forth on Exhibit B hereto (all such repairs are hereinafter referred to as “Immediate Repairs”) and shall complete each of the Immediate Repairs on or before (i) the date that is thirty (30) days after the Closing Date with respect to each Life Safety Immediate Repair and (ii) the date which is ninety (90) days after the Closing Date with respect to each Immediate Repair which is not a Life Safety Immediate Repair. Servicer (the “Immediate Repair Account”) an amount equal to $149,875.00, such amount representing 125% of the estimated costs of the Immediate Repairs. Amounts deposited pursuant to this Section 7.1 are referred to herein as the “Immediate Repair Funds”. (b) Lender shall disburse to Borrower the Immediate Repair Funds upon satisfaction by Borrower of each of the following conditions: (i) Borrower shall submit a request for payment to Lender at least ten (10) days prior to the date on which Borrower requests such payment be made and specifies the Immediate Repairs to be paid; (ii) on the date such request is received by Lender and on the date such payment is to be made,
