Rate Cap Agreement Reserve Fund. As a condition to making the Loan, Lender has required Borrower to establish the Rate Cap Agreement Reserve Fund to ensure that adequate funds are available for, among other things, the purchase, if applicable, of any Replacement Cap Agreement.
Appears in 27 contracts
Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Loan Agreement, Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)