TRANSACTION SPECIFIC MODIFICATIONS. 1. The “Window Period” defined in Section 1(a) is amended to be the six (6) consecutive calendar month period prior to the Scheduled Maturity Date.
TRANSACTION SPECIFIC MODIFICATIONS. 1. The definition of “Loan Documents” in Section 1 must be modified as follows:
TRANSACTION SPECIFIC MODIFICATIONS. 1. Section 6.11(e) is deleted in its entirety and replaced with the following:
TRANSACTION SPECIFIC MODIFICATIONS. 1. In the first paragraph of text on page two which starts with the phrase "Borrower is indebted to Lender...", the words "Multifamily Note" are revised to read "Amended and Restated Multifamily Note"
2. In Section 1(w), the words “Multifamily Note” are revised to read “Amended and Restated Multifamily Note”.
3. Section 21(c)(vii)(3) is hereby deleted in its entirety.
4. A new Section 48. is added as follows:
TRANSACTION SPECIFIC MODIFICATIONS. 1. The definition of "Window Period" set forth in Section 1(a) is deleted and replaced with the following:
TRANSACTION SPECIFIC MODIFICATIONS. 1. Section 21(c)(vii)(3) is hereby deleted in its entirety.
TRANSACTION SPECIFIC MODIFICATIONS. 1. Section 9(c) is modified to include the following new subsection:
TRANSACTION SPECIFIC MODIFICATIONS. 1. Section 9.01 is modified to add the following new subsection:
(s) Guarantor does not comply with any of the provisions of the Term Extension provision of the Guaranty. Radon Remediation to the following units: Units 2184842, 2184845, 2184839, 2184841, 2184880, 2184835, 2184846, 2184844, 218488, 2184881, 2184882, 2184840, 2184884, 2184838 and 2184849. The undersigned hereby requests from ______________________________, a _____________________________ (“Lender”) the disbursement of funds in the amount of $_________________ (“Disbursement Request”) from the Repair Reserve Fund established pursuant to the Multifamily Loan and Security Agreement dated , 20 by and between Lender and the undersigned ( “Loan Agreement”) to pay for repairs to the multifamily apartment project known as ______________________________ and located in _____________________. The undersigned hereby represents and warrants to Lender that the following information and certifications provided in connection with this Disbursement Request are true and correct as of the date hereof:
1. Purpose for which disbursement is requested: ______________________________________________________________________________________
2. To whom the disbursement will be made (may be the undersigned in the case of reimbursement for advances and payments made or cost incurred for work done by the undersigned): ________________________________________________________________________
3. Estimated costs of completing the uncompleted Repairs as of the date of this Disbursement Request: __________________________________________________________________________
4. The undersigned certifies that each of the following is true:
(a) The disbursement requested pursuant to this Disbursement Request will be used solely to pay a cost or costs allowable under the Loan Agreement.
(b) None of the items for which disbursement is requested pursuant to this Disbursement Request has formed the basis for any disbursement previously made from the Repair Reserve Fund.
(c) All labor and materials for which disbursements have been requested have been incorporated into the Improvements or suitably stored upon the Mortgaged Property in accordance with reasonable and standard building practices, the Loan Agreement and all applicable laws, ordinances, rules and regulations of any governmental authority having jurisdiction over the Mortgaged Property.
(d) The materials, supplies and equipment furnished or installed for the Repairs are not subj...
TRANSACTION SPECIFIC MODIFICATIONS. 1. Section 21(c)(vii) is deleted in its entirety.
2. In the third paragraph of text on page three which starts with the phrase "TO SECURE TO LENDER...", the words "Multifamily Note" are revised to read "Amended and Restated Multifamily Note"
3. In Section 1(z), the words “Multifamily Note” are revised to read “Amended and Restated Multifamily Note”.
TRANSACTION SPECIFIC MODIFICATIONS. 1. Section 9(d) is amended by adding the following new subsection:
