Repair Reserve Fund. (i) This Section 4.03(b) will be applicable only if any of the following is true:
Repair Reserve Fund. Radon Screening and Long Term Testing Property, unless Borrower has properly provided bond or other security against loss in accordance with applicable law.
Repair Reserve Fund. (Xxxxxxxx Reserve) upon due and diligent inquiry exists against Borrower or against the Mortgaged Property out of which a lien based on furnishing labor or material exists or might ripen. Borrower may except from the certificate described in the preceding sentence any claim(s) that Borrower intends to contest, provided that any such claim is described in Borrower’s certificate and Borrower certifies to Lender that to Borrower’s knowledge upon due and diligent inquiry the money in the Repair Reserve Fund is sufficient to make payment of the full amount which might in any event be payable in order to satisfy such claim(s). If required by Lender, Borrower also must certify to Lender that the Repairs are in compliance with all applicable building codes and zoning ordinances.
Repair Reserve Fund. (Xxxxxxxx Reserve) time, and the amount of advances to which Borrower will be entitled under this Loan Agreement will be correspondingly reduced.
Repair Reserve Fund. Radon Testing
Repair Reserve Fund. (B) Borrower is in full compliance with the provisions of this Loan Agreement, the other Loan Documents and any request or demand by Lender permitted by this Loan Agreement.
Repair Reserve Fund proceedings in connection with the Repairs and the payment, settlement, or compromise of all claims for materials and work performed in connection with the Repairs) and do any and all things necessary or proper to complete the Repairs including signing Borrower’s name to any contracts and documents as may be deemed necessary by Lender. In no event will Lender be required to expend its own funds to complete the Repairs, but Lender may, in Lender’s sole and absolute discretion, advance such funds. Any funds advanced will be added to the Indebtedness, secured by the Security Instrument and payable to Lender by Borrower in accordance with the provisions of the Loan Documents pertaining to the protection of Lender’s security and advances made by Lender. Borrower waives any and all claims it may have against Lender for materials used, work performed or resultant damage to the Mortgaged Property.
Repair Reserve Fund. (Xxxxxxxx Reserve)
Repair Reserve Fund. (i) Lender and Borrower acknowledge that Borrower has established the Repair Reserve Fund by depositing the applicable Repair Reserve Deposit with Lender on the date of this Loan Agreement. [INCLUDE THE FOLLOWING IF THE COMMITMENT OR XXXX PROVIDES FOR ADDITIONAL REPAIR RESERVE DEPOSITS] In addition, no later than the dates specified below and in the amounts specified below, Borrower will pay, or cause to be paid, the Additional Repair Reserve Deposits to Lender for deposit into the Repair Reserve Fund from future installments of capital contributions from the Equity Investor [and/or from advances made on the Equity Bridge Loan]:
Repair Reserve Fund
