Common use of Replacement Reserve Funds Clause in Contracts

Replacement Reserve Funds. (a) Borrower shall deposit into an Eligible Account held by Lender or Servicer (the “Residential Replacement Reserve Account”) on each Monthly Payment Date an amount equal to $562.50 (the “Residential Replacement Reserve Monthly Deposit”) for the Replacements required in connection with the residential units (“Residential Replacements”).

Replacement Reserve Funds. (a) Borrower shall deposit (or cause to be deposited) into an Eligible Account held by Lender or Servicer (the “Residential Replacement Reserve Account”) on each Monthly Payment Date occurring on and after the occurrence and during the continuance of a Trigger Period, an amount equal to $562.50 226,780 (the “Residential Replacement Reserve Monthly Deposit”) for the Replacements required in connection with Replacements. Amounts deposited pursuant to this Section 8.2 are referred to herein as the residential units (“Residential ReplacementsReplacement Reserve Funds”).

Replacement Reserve Funds. (a) Borrower shall deposit (or cause to be deposited) into an Eligible Account held by Lender or Servicer (the “Residential Replacement Reserve Account”) on each Monthly Payment Date occurring on and after the occurrence and during the continuance of a Trigger Period, an amount equal to $562.50 241,217 (the “Residential Replacement Reserve Monthly Deposit”) for the Replacements required in connection with Replacements. Amounts deposited pursuant to this Section 8.2 are referred to herein as the residential units (“Residential ReplacementsReplacement Reserve Funds”).

Replacement Reserve Funds. (a) Borrower shall deposit (or cause to be deposited) into an Eligible Account held by Lender Administrative Agent or Servicer (the “Residential Replacement Reserve Account”) on each Monthly Payment Date occurring on and after the occurrence and during the continuance of a Trigger Period, an amount equal to $562.50 288,038 (the “Residential Replacement Reserve Monthly Deposit”) for the Replacements required in connection with Replacements. Amounts deposited pursuant to this Section 8.2 are referred to herein as the residential units (“Residential ReplacementsReplacement Reserve Funds”).

Replacement Reserve Funds. (a) Borrower shall deposit into an Eligible Account held by with Lender or Servicer (the “Residential Replacement Reserve Account”) on each Monthly Payment Date an amount equal to $562.50 23,871.42 (the “Residential Replacement Reserve Monthly Deposit”) for the Replacements required in connection with Replacements. Amounts deposited pursuant to this Section 8.4 are referred to herein as the residential units (“Residential ReplacementsReplacement Reserve Funds”).