Cure Deposit definition

Cure Deposit has the meaning given to that term in paragraph (b) of Clause 26.5 (LTV Covenant cure).
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Cure Deposit shall have the meaning set forth in Section 1.03 hereto.
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Cure Deposit. As defined in Section 3.30(b)(v).
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Examples of Cure Deposit in a sentence

  • If Borrower shall deposit with Lender any DSCR Cure Deposit, such amounts shall be held by Lender as additional security for the Loan and amounts so held shall be hereinafter referred to as the “DSCR Cure Deposit Reserve Fund” and the account to which such amounts are held shall hereinafter be referred to as the “DSCR Cure Deposit Reserve Account”.

  • At such time as the conditions for a DSCR Cure have been satisfied (without taking into account the amount of any DSCR Cure Deposit Reserve Funds in the DSCR Deposit Reserve Account necessary to effectuate a cure), provided no Event of Default shall have occurred and be continuing, all DSCR Cure Deposit Reserve Funds then on deposit shall be deposited into the Cash Management Account to be disbursed in accordance with the Cash Management Agreement.

  • At such time as the conditions for a DSCR Cure have been satisfied (without taking into account the amount of any DSCR Cure Deposit Reserve Funds in the DSCR Deposit Reserve Account necessary to effectuate a cure), provided no Event of Default shall have occurred and be continuing, all DSCR Cure Deposit Reserve Funds then on deposit shall be deposited into the Lockbox Account to be disbursed in accordance with the Loan Documents.

  • Borrower fails to make the DSCR Covenant Cure Deposit or pay down the Loans within the time period set forth in Section 9.10 of this Agreement.

  • If:(a) a Tranche A Cure Deposit has been made; and(b) the Tranche A Financial Ratio is not less than 115 per cent.

  • Each "Cure Deposit" shall be an "outside reserve fund" within the meaning of the REMIC Provisions, beneficially owned by the holder of the 731 Lexington Avenue--Bloomberg Headquarters B Loan, who shall be taxable on all income thereon and shall be entitled to any reimbursement thereof from the Trust Fund.

  • If a DSCR Covenant Cure is not achieved within six (6) months after the Minimum DSCR Covenant is violated, then the Administrative Agent shall have the right to apply the DSCR Covenant Cure Deposit (including, without limitation, by drawing on any Collateral Letter of Credit delivered by Borrower), to reduce the outstanding principal balance of the Loans (and upon any such payment, Borrower shall pay to the Lenders any amounts due to the Lenders in accordance with Sections 2.4(6) and 2.9(5)).

  • Any deposit pursuant to clause (i), (ii) or (iii) of the above paragraph is referred to herein as a "Cure Deposit." For purposes of the clause (i), in the event that a Cure Deposit is retained by the Servicer pursuant to clause (i), the "first Due Date," the "second Due Date" and the "date of deposit" for subsequent periods shall be determined as if the "date of deposit" had been the date on which the deposit was most recently retained pursuant to such clause (i).


More Definitions of Cure Deposit

Cure Deposit has the meaning set forth in the Cash Management Agreement.
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Related to Cure Deposit

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • the Deposit means 10% of the Purchase Price;

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,653,198.45.

  • Initial Reserve Account Deposit means $3,000,000.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.