Reserve Funds 121 Clause Samples

Reserve Funds 121. Section 8.2. Reserve Funds Upon Payment In Full 123 Section 8.3. The Accounts Generally 123 Section 8.4. Letters of Credit 125 Section 8.5. Interest Rate Cap Funds 126 ARTICLE 9. CASH MANAGEMENT 127 Section 9.1. Establishment of Certain Accounts 127 ARTICLE 10. EVENTS OF DEFAULT; REMEDIES 128 Section 10.1. Event of Default 128 Section 10.2. Remedies 133 ARTICLE 11. SECONDARY MARKET 136 Section 11.1. Securitization 136 Section 11.2. Disclosure 139 Section 11.3. Reserves/Escrows 143 Section 11.4. Servicer 143 Section 11.5. Rating Agency Costs 144 Section 11.6. Mezzanine Option 144 Section 11.7. Conversion to Registered Form 144 Section 11.8. Syndication 145 Section 11.9. Intentionally Omitted 149 Section 11.10. Intercreditor Agreement 149 ARTICLE 12. INDEMNIFICATIONS 149 TABLE OF CONTENTS (continued) Page Section 12.1. General Indemnification 149 Section 12.2. Mortgage and Intangible Tax Indemnification 150 Section 12.3. ERISA Indemnification 150 Section 12.4. Duty to Defend, Legal Fees and Other Fees and Expenses 150 Section 12.5. Survival 150 Section 12.6. Environmental Indemnity 151 ARTICLE 13. EXCULPATION 151 Section 13.1. Exculpation 151 ARTICLE 14. NOTICES 154 Section 14.1. Notices 154 ARTICLE 15. FURTHER ASSURANCES 156 Section 15.1. Replacement Documents 156 Section 15.2. Execution of Pledge Agreement 156