TI/LC Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Tenant Improvements and Leasing Commissions (the "TI/LC Reserve Account").
Appears in 3 contracts
Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust), Loan Agreement (Alexanders Inc)
TI/LC Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Tenant Improvements and Leasing Commissions (the "βTI/LC Reserve Account"β).
Appears in 3 contracts
Samples: Loan Agreement (Brixmor Property Group Inc.), Loan Agreement (Glimcher Realty Trust), Loan Agreement (KBS Real Estate Investment Trust II, Inc.)
TI/LC Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Tenant Improvements and Leasing Commissions during Escrow Periods (the "TI/LC Reserve Account").
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