Reserve Deposits. (a) Concurrently with the execution of this Security Instrument, Borrower shall deposit with Lender the Deferred Maintenance Deposit. The Deferred Maintenance Deposit shall be applied as provided in Section 4.1 hereof. (b) Commencing on the first date that a regularly scheduled payment of principal or interest is due under the Note, and continuing on the first day of each consecutive month thereafter, Borrower shall be required to make a Monthly posit. (c) Lender shall deposit each Monthly Deposit, as received, in an escrow account (the "Reserve"). Out of each Monthly Deposit, the Monthly Replacement Account Deposit shall be allocated to an account (the "Replacement Account") for the payment of Replacements and the Monthly Leasing Account Deposit shall be allocated to an account (the "Leasing Account") for the payment of Tenant Improvements and Leasing Commissions (as defined below) m conjunction with Leases (as hereinafter defined). Notwithstanding anything to the contrary contained herein, Borrower shall not be required to make the portion of the Monthly Deposit to be allocated to the Leasing Account at any time when the balance in the Leasing Account is equal to or greater than $123,322.00. Such limitation on the balance in the Leasing Account shall be subject to adjustment by Lender in the event that Lender reasonably determines that such balance is not sufficient to pay the amounts needed for Tenant Improvements and Leasing Commissions as set forth in Section 6 hereof. (d) Concurrently with the execution of this Security Instrument, Borrower shall deposit with Lender the Remediation Account Deposit which shall be deposited in the Reserve. (e) Lender shall maintain a record of all deposits into and withdrawals from the Reserve and their allocation to the Replacement Account, the Leasing Account and the Remediation Account. Lender or a designated representative of Lender shall have the sole right to make withdrawals from such account. (f) No interest shall be paid on the Deferred Maintenance Deposit. Provided Borrower pays the account fees set forth below, the Reserve shall be held in an interest bearing account. Lender shall have no responsibility or liability for the amount of interest earned on the Reserve. All interest earned on funds m the Reserve shall be .added to and become part of the Reserve, shall be allocated pro rata to the Replacement Account, the Leasing Account and the Remediation Account, and shall be for the benefit of Borrower, subjec...

Reserve Deposits. The Stadium Authority will fund a capital reserve maintained by the Stadium Authority (the “Stadium Capital Expenditure Reserve”) with the following amounts: (a) An annual deposit to the Stadium Capital Expenditure Reserve in the amount of One Million Five Hundred Thousand Dollars ($1,500,000), escalating three percent (3%) per year, beginning in the second year of operation of the Stadium, and continuing each year thereafter for the term of the Stadium Lease, plus any additional amounts agreed by 49ers Stadium Company; (b) In any year in which Stadium Authority has Excess Revenues, the Stadium Authority will make a payment to the Stadium Capital Expenditure Reserve in an amount up to One Million Dollars ($1,000,000) in accordance with the priorities for payment set forth in clause (b) of Article 15 below; and (c) Each year that a Second Team plays its home games in the Stadium, other than in connection with temporary Second Team Occupancy, the Stadium Authority will fund the applicable Second Team Capital Reserve Deposit as an additional Stadium Operating Expense. The amount of the “Second Team Capital Reserve Deposit” for any year shall equal One Million Dollars ($1,000,000) in the year the Second Team plays its first home game in the Stadium, and will escalate at a rate of three percent (3%) per year thereafter.

Reserve Deposits. Borrower shall pay to Lender on each Payment Date an amount equal to the sum of (i) one-twelfth (1/12th) of the Taxes that Lender estimates will be payable during the next twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective delinquency dates (i.e., the last date upon which such Taxes may be paid without penalty or loss of available discount) and (ii) one-twelfth (1/12th) of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies (such monthly required deposit amount, as adjusted by Lender from time to time in the event of increases or decreases in annual estimated Taxes and Insurance Premiums, the “Monthly Tax and Insurance Deposit”). Such amounts will be transferred by Lender to a Subaccount (the “Tax and Insurance Subaccount”). If Lender determines that the amount in the Tax and Insurance Subaccounts, together with the monthly deposits to be made by Borrower pursuant to (i) and (ii) above, will not be sufficient to pay the items set forth in (i) and (ii), then Borrower shall promptly pay to Lender, upon demand, an amount which Lender shall estimate as sufficient to make up the deficiency. Notwithstanding the foregoing, if insurance coverage required pursuant to Section 7.1 hereof is provided through a blanket insurance Policy, Borrower shall not be obligated to make monthly escrow payments on account of the applicable Insurance Premiums so long as Borrower maintains the insurance coverage required by Section 7.1 in full force and effect and Borrower maintains on deposit in the Tax and Insurance Subaccount, in addition to the amounts escrowed for Taxes, an amount equal to one-quarter of the annual Insurance Premium estimated by Lender to be payable for a replacement Policy providing the coverage required by Section 7.1 hereof with respect to the Property. Provided that no monetary Event of Default or material non-monetary Event of Default has occurred and is continuing, Lender will (a) apply funds in the Tax and Insurance Subaccount to payments of Taxes and (unless the Property is insured under a blanket insurance policy) Insurance Premiums required to be made by Borrower pursuant to Section 5.2 hereof and Section 7.1 hereof,...

Reserve Deposits. If and to the extent required under the provisions of Section 3.3.2 below, Borrower shall, from and after the date (and if) Borrower is required to do so under the provisions of Section 3.3.2 below, pay to Lender on each Payment Date the Monthly Tax and Insurance Deposit (as determined by Lender pursuant to the provisions of Section 3.3.2 below). Such amounts will be transferred by Lender to a Subaccount (the “Tax and Insurance Subaccount”). Provided that no monetary Event of Default or material non-monetary Event of Default has occurred and is continuing, Lender will (a) apply funds in the Tax and Insurance Subaccount to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.2 hereof and Section 7.1 hereof, provided that Borrower has promptly supplied Lender with notices of all Taxes and Insurance Premiums due and paid any deficiency between the amounts held in the Tax and Insurance Subaccount and the amounts due with respect to such Taxes and Insurance Premiums, or (b) reimburse Borrower for such amounts upon presentation of evidence of payment; subject, however, to Borrower’s right to contest Taxes in accordance with Section 5.2 hereof. In making any payment relating to Taxes and Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. 22

Reserve Deposits. Party A shall pledge to Party B a designated account with reserve deposits therein at any time not less than [specify percentage] of the outstanding Accounts Receivable that have been sold and transferred to Party B as a security interest for the outstanding Accounts Receivable. Such pledged reserve deposits shall be subject to the Pledge Agreement relating to Reserve Deposits between the parties.

Reserve Deposits. The deposit by New Borrower of the Immediate Capital Needs and the Rollover Reserve Deposits shall not relieve New Borrower from any of its obligations under the Loan Agreement or any of the other Loan Documents to make any deposit into any of the other Subaccounts (as such term is defined in the Loan Agreement) as required under the Loan Agreement, including, but not limited to, the monthly payments required to be deposited into the Tax and Insurance Subaccount under Section 3.3 of the Loan Agreement, Capital Reserve Subaccount under Section 3.4 of the Loan Agreement or the Rollover Reserve Subaccount under Section 3.5 of the Loan Agreement. (k) Deleted Reserves. Sections 3.11, 3.12 and 3.13 of the Loan Agreement and any and all references to such Sections or to any defined terms therein, in the Loan Agreement or in any of the other Loan Documents are hereby deleted in their entirety (l) Flood Zone. The last sentence of Section 4.14 of the Loan Agreement is hereby deleted. (m)

Reserve Deposits. Developer’s annual Residual Receipts payments to the Agency shall include fifty-seven percent (57%) of the Residual Receipts received from operation of the Project until the Maturity Date or repayment in full of the Agency Loan in connection with a Transfer of the Site, as permitted herein. The remaining forty-three percent (43%) of the Residual Receipts received from the operation of the Project shall either be used by Developer to pay fees or charges of the Project not specifically deducted from Annual Project Revenues above or shall be retained by Developer and used to pay for other projects or services provided by Developer within the City. In the event any calculation of Annual Project Revenue less subsections (i) and (ii) above results in a negative number, then Residual Receipts shall be zero ($0) for that year. In addition, none of the fees, costs, expenses, or items described above in calculation of Residual Receipts shall include any duplicate entry/item, or double accounting for a cost item.

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