Common use of Leasing Reserve Funds Clause in Contracts

Leasing Reserve Funds. (a) Borrower shall deposit (or cause to be deposited) into an Eligible Account held by Lender or Servicer (the “Leasing Reserve Account”) on each Monthly Payment Date occurring on and after the occurrence and during the continuance of a Trigger Period, the sum of $232,555 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions. In addition, Borrower shall deposit into the Leasing Reserve Account all lease termination fees required to be deposited with Lender pursuant to Section 4.14(d) (“Lease Termination Deposits”). Amounts deposited pursuant to this Section 8.3 are referred to herein as the “Leasing Reserve Funds”.

Appears in 1 contract

Samples: Loan Agreement (Industrial Logistics Properties Trust)

AutoNDA by SimpleDocs

Leasing Reserve Funds. (a) Borrower shall deposit (or cause to be deposited) into an Eligible Account held by Lender or Servicer (the “Leasing Reserve Account”) on each Monthly Payment Date occurring on and after the occurrence and during the continuance of a Trigger Period, the sum of $232,555 198,178 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions. In addition, addition Borrower shall deposit into the Leasing Replacement Reserve Account all lease termination fees required to be deposited with Lender pursuant to Section 4.14(d) (“Lease Termination Deposits”). Amounts deposited pursuant to this Section 8.3 are referred to herein as the “Leasing Reserve Funds”.

Appears in 1 contract

Samples: Loan Agreement (Industrial Logistics Properties Trust)

Leasing Reserve Funds. (a) Borrower shall deposit (or cause to be deposited) into an Eligible Account held by Lender or Servicer (the “Leasing Reserve Account”) on each Monthly Payment Date occurring on and after the occurrence and during the continuance of a Trigger Period, the sum of $232,555 117,979 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions. In addition, addition Borrower shall deposit into the Leasing Replacement Reserve Account all lease termination fees required to be deposited with Lender pursuant to Section 4.14(d) (“Lease Termination Deposits”). Amounts deposited pursuant to this Section 8.3 are referred to herein as the “Leasing Reserve Funds”.

Appears in 1 contract

Samples: Loan Agreement (Industrial Logistics Properties Trust)

AutoNDA by SimpleDocs

Leasing Reserve Funds. (a) Borrower shall deposit (or cause to be deposited) into an Eligible Account held by Lender Administrative Agent or Servicer (the “Leasing Reserve Account”) on each Monthly Payment Date occurring on and after the occurrence and during the continuance of a Trigger Period, the sum of $232,555 248,079 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions. In addition, addition Borrower shall deposit into the Leasing Replacement Reserve Account all lease termination fees required to be deposited with Lender Administrative Agent pursuant to Section 4.14(d) (“Lease Termination Deposits”). Amounts deposited pursuant to this Section 8.3 are referred to herein as the “Leasing Reserve Funds”.. 137

Appears in 1 contract

Samples: Loan Agreement (Industrial Logistics Properties Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.