Replacement Reserve Deposits Sample Clauses

Replacement Reserve Deposits. On the Effective Date, the parties will establish the Replacement Reserve Fund and Borrower will pay the Initial Replacement Reserve Deposit, if applicable, to Funding Lender for deposit into the Replacement Reserve Fund. Subject to Section 4.04(b), on each Project Loan Payment Date until the Project Loan is paid in full, Borrower will pay the Monthly Replacement Reserve Deposit to Funding Lender for deposit into the Replacement Reserve Fund. A transfer of funds into the Replacement Reserve Fund from any other Reserve Fund in accordance with the terms of this Continuing Covenant Agreement will not alter or reduce the amount of any required Monthly Replacement Reserve Deposit.
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Replacement Reserve Deposits. 1. For Replacement Reserve Deposits Partially or Fully Waived:
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Replacement Reserve Deposits. Monthly Replacement Reserve Deposit of $________.___ is ☐ Collected or ☐ Deferred Mark and complete each additional Replacement Reserve Fund condition below ☐ Initial Replacement Reserve Deposit of $__________ is required ☐ Replacement Reserve Fund is capped at $____________ (“Replacement Reserve Cap”) (see Rider) ☐ Additional Deposit of $_________ is required (see Additional Deposit to Replacement Reserve Fund Rider) Additional Deposit Date is ☐ the Effective Date or ☐ ___ months after the Effective Date Additional Replacements Completion Date is ☐ ___ months after the Effective Date or ☐ not applicable Any Additional Deposit remaining after the Additional Replacements Completion Date will be: (choose one) ☐ returned to Borrower ☐ made available to reimburse Borrower for the cost of any permissible Capital Replacement Additional Deposit Final Drawdown Date is ☐ __ months after the Effective Date or ☐ not applicable Additional Replacements are as described in the Additional Deposit to Replacement Reserve Fund Rider Disbursement requests under Section 4.04(f) are limited to once every ☐ month or ☐ quarter, and a minimum aggregate amount of $_________ during such period (“Replacement Reserve Disbursement Timing and Amount Limitations”). (See Section 4.04 and the applicable Rider(s))
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Related to Replacement Reserve Deposits

  • Reserve Fund (a) On the Closing Date, the Seller will deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.

  • Reserve Funds Section 7.1.

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Deposits into Escrow Account The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account:

  • Cooperative Deposits On a basis of cooperation or assistance (16 USC 572) and by a written agreement, Forest Service shall perform all or portions of the work that Purchaser is obligated to perform under this contract, as well as furnish other services in connection with activities under this contract. When Forest Service is to perform such work, Purchaser shall make one or more deposits to cover the estimated cost of the work. On re- quest of Purchaser, Forest Service shall render monthly accounts, as may be specified in such agreement.

  • Withdrawals from Accounts Amounts credited to the Certificate Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account in any month following distribution of the Lower Tier Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

  • Deposit Pay ment of The Fixed Reserve Price 5.1. E-Bidders must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 10% of the reserve price.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Maintenance Charges 3.1 The annual service charge for the Maintenance Service is payable annually in advance. Payment for services provided to the Customer in addition to the Maintenance Services is due on presentation of an invoice by the Supplier.

  • WITHDRAWALS AND DEPOSITS Unless You have made other arrangements with Us, amounts credited to Your Account as a result of deposits using the Debit Card will not be available for withdrawal until the deposits are verified and negotiable items such as cheques are paid. Withdrawals or transfers effected by the use of the Debit Card will be debited to Your Account at the time they are made. You will not deposit any coins or worthless, counterfeit or fraudulent items to Your Account, into any ATM, or using Your Mobile Device, and will pay to Us any damages, costs or losses suffered by Us as a result of any such deposit.

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