The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
Appears in 4 contracts
Samples: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Corp), Loan Agreement (Meristar Hospitality Corp)
The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, Accounts and Borrower shall deposit the respective Initial Deposits (or hereby authorizes Lender to fund the Initial Deposits from the proceeds of the Loan) into each Account on the Closing Date.
Appears in 3 contracts
Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Spirit Realty Capital, Inc.), Loan Agreement (Netreit, Inc.)
The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each of the Tax Account, the and Insurance Premium AccountEscrow Fund, the Replacement Reserve AccountFund, the Required Repair AccountFund, the Rollover Reserve Fund and the Ground Lease Escrow Fund and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
Appears in 2 contracts
Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)
The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each of the Ground Rent Account and the Tax Account, the and Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, and Borrower shall deposit the respective Initial Deposits into each such Account on promptly after the Closing Dateexecution and delivery hereof.
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The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “"Initial Deposits”") required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, the UST Reserve Account, the Ground Rent Account and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
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The Initial Deposits. Upon the occurrence of a Triggering Event, Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “"Initial Deposits”") required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, the Ground Rent Account and shall notify Borrower of such amounts. Borrower shall deposit the respective Initial Deposits into each Account on the Closing DateAccount.
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The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “"Initial Deposits”") required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, Account and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
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The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Rollover Reserve Account, the Required Repair Account, the Unfunded Tenant Obligations Reserve Account, and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
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The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “"Initial Deposits”") required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, the Ground Rent Account and the Replacement Reserve Account and Borrower shall deposit the respective Initial Deposits into each Account on the Closing DateAccount.
Appears in 1 contract
Samples: Agreement (Felcor Lodging Trust Inc)
The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “"Initial Deposits”") required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, the Common Charge Account and the Ground Rent Account and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
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The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, and the Ground Rent Account and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
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The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “"Initial Deposits”") required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, Account and the Required Repair Account, Account and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
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The Initial Deposits. Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “"Initial Deposits”") required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement PIP Reserve Account, the Required Repair Account, and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
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