Deferred Maintenance and Environmental Escrow Account definition

Deferred Maintenance and Environmental Escrow Account has the meaning set forth in Section 3.7(a).
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Deferred Maintenance and Environmental Escrow Account has the meaning set forth in Section 6.7(a).
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Deferred Maintenance and Environmental Escrow Account has the meaning set forth in Section 3.7(a). “Delayed Advance Property” means the Properties described on Schedule K. “Delayed Advance Release Conditions” means, with respect to each Delayed Advance Property, the conditions set forth on Schedule K with respect to such Property. “Delayed Advance Reserve Account” has the meaning set forth in Section 3.10(a). hereof. “Delayed Advance Reserve Amount” means, with respect to each Delayed Advance Property, the amount set forth with respect to such Property on Schedule K. “Deposit Account Control Agreement” has the meaning set forth in Section 3.1(a). “Disbursement Request” means a written request for a disbursement from a Collateral Account, accompanied by (1) an itemized list of all costs to be paid with the proceeds of such disbursement, (2) an Officer’s Certificate confirming that all such costs have been paid by Borrower or will be paid with the proceeds of such disbursement, together with copies of all related invoices, whereupon no amounts due and payable by Borrower in connection therewith will remain unpaid, and that all amounts previously received by Borrower from the Collateral Accounts have been applied by Borrower toward the costs for which they were requested, and (3) in the case of any disbursement in excess of $50,000, copies of all related invoices and, if applicable, copies of lien releases or waivers from any contractors or subcontractors with respect to the work for which reimbursement is being sought (which releases and waivers may be conditioned on payment of the requested disbursements and may be partial in that they relate solely to the work for which payment is being made). “DSCR” means, as of the date of determination, the quotient obtained by dividing (i) Net Operating Income by (ii) the aggregate debt service payable in respect of the Loan during the succeeding 12-month period, calculated as if the Applicable Index were equal to the Strike Rate and assuming that there will be no prepayments. “EEA Bail-In Action” means the exercise of any EEA Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. “EEA Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EEA Bail-In Legislation Schedule. ...
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Examples of Deferred Maintenance and Environmental Escrow Account in a sentence

  • In connection with Tenant’s work pursuant to Schedules 10.1 and 20.3 to the Side Letter, Tenant has provided funds to Landlord which in turn have been provided by Landlord to Landlord Mortgagee to be held in and disbursed from the Deferred Maintenance and Environmental Escrow Account (as defined in the Landlord Mortgage Documents) in accordance with the terms of the Landlord Mortgage Documents.

  • Mortgage Borrowers and Lender acknowledge and agree that the Deferred Maintenance Amount (as such term is used herein) shall be funded by Lender into the Deferred Maintenance and Environmental Escrow Account and shall be disbursed to Mortgage Borrowers in accordance with, and subject to the conditions stated in, Section 6.7 of the Loan Agreement.

  • Such instruction (i) shall direct the Mezzanine Cash Management Bank to deposit the Deferred Maintenance Amount into the Deferred Maintenance and Environmental Escrow Account and (ii) shall revise the Disbursement Instruction delivered to Mezzanine Cash Management Bank on December 13, 2002 so as to take into account the Re-sized Loan Amount.

  • Section 3.1. Cash Management Account 36 Section 3.2. Distributions from Cash Management Account 37 Section 3.3. Loss Proceeds Account 38 Section 3.4. Basic Carrying Costs Escrow Account 38 Section 3.5. FF&E Reserve Account 40 Section 3.6. Deferred Maintenance and Environmental Escrow Account 41 Section 3.7. Unfunded Obligations Account 42 Section 3.8. Hyatt PIP Reserve Account 43 Section 3.9. Hyatt Capital Plan Reserve Account 44 Section 3.10.

  • Section 3.1. Cash Management Account 38 Section 3.2. Distributions from Cash Management Account 40 Section 3.3. Loss Proceeds Account 40 Section 3.4. Tax and Insurance Escrow Account 41 Section 3.5. FF&E Reserve Account 42 Section 3.6. Deferred Maintenance and Environmental Escrow Account 43 Section 3.7. Unfunded Obligations Account 44 Section 3.8. Performance Reserve Account 45 Section 3.9. Excess Cash Flow Reserve Account 45 Section 3.10.

  • Mezzanine Borrowers and Mezzanine Lender acknowledge and agree that the Deferred Maintenance Amount (as such term is used herein) shall be funded by Mezzanine Lender into the Deferred Maintenance and Environmental Escrow Account and shall be disbursed to Mezzanine Borrowers in accordance with, and subject to the conditions stated in, Section 6.7 of the Mezzanine Loan Agreement.

  • Such instruction (i) shall direct the Cash Management Bank to deposit the Deferred Maintenance Amount into the Deferred Maintenance and Environmental Escrow Account, (ii) shall revise the Disbursement Instruction delivered to Cash Management Bank on December 13, 2002 so as to take into account the Re-sized Loan Amount and (iii) shall notify Cash Management Bank of the amendment of the Cash Management Agreement as provided in Section 2.7 hereof.

Related to Deferred Maintenance and Environmental Escrow Account

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under Section 175A of the CAA, as amended.

  • Operating Environment means, collectively, the platform, environment and conditions on, in or under which the Software is intended to be installed and operate, as set forth in the Statement of Work, including such structural, functional and other features, conditions and components as hardware, operating software and system architecture and configuration.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • 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.

  • Operation and Maintenance Costs means the costs of:

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Maintenance agreement means a contract of limited duration

  • maintenance order , in relation to a court, means an order made by a court —

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

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

  • Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current standards imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.