Common use of Insufficient Account Clause in Contracts

Insufficient Account. If Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall so notify Borrower, in writing, and as soon as possible (but in no event later than twenty (20) days after such notice) Borrower shall pay to Lender an amount, in cash, equal to such deficiency, which amount shall be placed in the Repair Escrow Fund by Lender.

Appears in 5 contracts

Samples: Repair Escrow Agreement, Repair Escrow Agreement, Repair Escrow Agreement (Paladin Realty Income Properties Inc)

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Insufficient Account. If Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall so notify Borrower, in writing, and as soon as possible (but in no event later than twenty (20) days after such notice) Borrower shall pay to Lender an amount, in cash, equal to such deficiency, which amount shall be placed in the Repair Escrow Fund by Lender.

Appears in 2 contracts

Samples: Repair Escrow Agreement (Fox Strategic Housing Income Partners), Repair Escrow Agreement (Fox Strategic Housing Income Partners)

Insufficient Account. If Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall so notify BorrowerBeneficiary, in writing, and as soon as possible (but in no event later than twenty (20) days after such notice) Borrower shall pay to Lender an amount, in cash, equal to such deficiency, which amount shall be placed in the Repair Escrow Fund by Lender.

Appears in 1 contract

Samples: Repair Escrow Agreement

Insufficient Account. If Borrower and Lender have established a Repair Escrow Fund, and Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall will so notify Borrower, in writing, and as soon as possible (but in no event later than twenty (20) days after such notice) Borrower shall must pay to Lender an amount, in cash, equal to such deficiency, which and Lender will place such amount shall be placed in the Repair Escrow Fund by LenderFund.

Appears in 1 contract

Samples: Repair and Escrow Agreement

Insufficient Account. If Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall will so notify Borrower, in writing, and as soon as possible (but in no event later than twenty (20) 20 days after such notice) Borrower shall must pay to Lender an amount, in cash, equal to such deficiency, which and Lender will place such amount shall be placed in the Repair Escrow Fund by LenderFund.

Appears in 1 contract

Samples: Escrow Agreement

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Insufficient Account. If Borrower and Lender have established a Repair Escrow Fund, and Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall will so notify Borrower, in writing, and as soon as possible (but in no event later than twenty (20) 20 days after such notice) Borrower shall must pay to Lender an amount, in cash, equal to such deficiency, which and Lender will place such amount shall be placed in the Repair Escrow Fund by LenderFund.

Appears in 1 contract

Samples: Escrow Agreement

Insufficient Account. If Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall so notify Borrower, in writing, and as soon as possible (but in no event later than twenty thirty (2030) days after such notice) Borrower shall pay to Lender an amount, in cash, equal to such deficiency, which amount shall be placed in the Repair Escrow Fund by Lender.

Appears in 1 contract

Samples: Repair Escrow Agreement (Consolidated Capital Institutional Properties)

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