Common use of Set-Aside Funds Clause in Contracts

Set-Aside Funds. Within five (5) days after Tenant has approved the cost estimate for the Tenant Improvements pursuant to PARAGRAPH 3 above, Tenant shall deposit into a separate account with any financial institution designated by Landlord, subject to restrictions in favor of such financial institution, an amount (the "SET-ASIDE FUNDS") equal to the Excess Costs, based on the assumption that the cost of the Tenant Improvements shall equal the Tenant Improvement Allowance and the Excess Cost estimate. Landlord shall instruct such financial institution to hold the Set-Aside Funds in a separate interest-bearing account with interest to accrue for Tenant's account, and shall utilize the Set-Aside Funds to pay for the Tenant Improvement Costs in the manner set forth in this PARAGRAPH 5.

Set-Aside Funds. Within five (5) days after Tenant has approved the cost estimate for the Tenant Improvements pursuant to PARAGRAPH 3 above, Tenant shall deposit into a separate account with any financial institution designated by Landlord, subject to restrictions in favor of such financial institution, an amount (the "SET-ASIDE FUNDS") equal to the Excess Tenant Improvement Costs, based on the assumption that the cost of the Tenant Improvements Improvement Costs shall equal the Tenant Improvement Allowance and the Excess Cost such cost estimate. Landlord shall instruct such financial institution to hold the Set-Aside Funds in a separate interest-bearing account with interest to accrue for Tenant's account, and shall utilize the Set-Aside Funds to pay for the Tenant Improvement Costs in the manner set forth in this PARAGRAPH 5.

Set-Aside Funds. Within five (5) days after Tenant has approved the cost estimate for the Tenant Improvements pursuant to PARAGRAPH 3 above, Tenant shall deposit into a separate account with any financial institution designated by Landlord, subject to restrictions in favor of such financial institution, an amount (the "“SET-ASIDE FUNDS"”) equal to the Excess Tenant Improvement Costs, based on the assumption that the cost of the Tenant Improvements Improvement Costs shall equal the Tenant Improvement Allowance and the Excess Cost such cost estimate. Landlord shall instruct such financial institution to hold the Set-Aside Funds in a separate interest-bearing account with interest to accrue for Tenant's ’s account, and shall utilize the Set-Aside Funds to pay for the Tenant Improvement Costs in the manner set forth in this PARAGRAPH 5.