Common use of Other Reserve Funds Clause in Contracts

Other Reserve Funds. Monthly Deposits Each of the following Reserve Deposit amounts must be deposited with Lender on successive Installment Due Dates in accordance with Article IV. These Reserve Deposits must be made in cash. Deposit Type Amount Deferred ☐ Monthly Debt Service Reserve Deposit $_______ N/A ☐ Monthly HAP Deposit $_______ N/A ☐ HAP Reserve Cap $_______ N/A ☐ Rate Cap Reserve Deposit see Rider ☐ ☐ Other: [describe] see Rider ☐ (See Article IV and the applicable Rider(s) for these Reserve Funds)

Other Reserve Funds. Monthly Deposits Each of the following Reserve Deposit amounts must be deposited with Funding Lender on successive Installment Due Project Loan Payment Dates in accordance with Article IV. These Reserve Deposits must be made in cash. Deposit Type Amount Deferred ☐ Monthly Debt Service Reserve Deposit $_______ N/A ☐ Monthly HAP Deposit $_______ N/A ☐ HAP Reserve Cap $_______ N/A ☐ Rate Cap Reserve Deposit see Rider ☐ ☐ Other: [describe] see Rider ☐ (See Article IV and the applicable Rider(s) for these Reserve Funds)