Deferred Maintenance Conditions definition

Deferred Maintenance Conditions means those items described in Schedule C.

Deferred Maintenance Conditions means, collectively, the deferred maintenance conditions and near term capital requirements, if any, described on Schedule IX attached hereto and made a part hereof.

Deferred Maintenance Conditions means the immediate repair and similar maintenance items set forth in the Engineering Reports applicable to the Properties and delivered to Borrower on or prior to the Closing Date.

Examples of Deferred Maintenance Conditions in a sentence

• Borrower shall correct the Punch List Items and Deferred Maintenance Conditions in a diligent, workmanlike manner and shall complete the same within a reasonable time period.

• Upon the correcting of all Deferred Maintenance Conditions, provided no Event of Default or Trigger Period is then continuing, any amounts then remaining in the Deferred Maintenance Reserve Account shall promptly be remitted to Borrower and the Deferred Maintenance Account will no longer be maintained.

• Borrower shall effect and complete the Deferred Maintenance Conditions within the timeframes set forth in Schedule IX attached hereto.

• Issuers shall (i) cure the Deferred Maintenance Conditions on or prior to the first anniversary of the funding of the Notes, and (ii) remediate Environmental Conditions in a reasonably diligent manner, in each case in the manner set forth in Section 7.1(g) herein.

• Upon the correcting of all Deferred Maintenance Conditions, provided no Event of Default or Trigger Period is then continuing, any amounts then remaining in the Deferred Maintenance Reserve Account shall promptly be remitted to Borrower and the Deferred Maintenance and Environmental Escrow Account will no longer be maintained.

More Definitions of Deferred Maintenance Conditions

Deferred Maintenance Conditions means the following items as more particularly described in the Engineering Report: (i) repair of cracked, deteriorated and discolored plaster in pool located on the Property; and (ii) post current elevator certificates for building inspections.

Deferred Maintenance Conditions shall have the meaning set forth in the Senior Loan Agreement.

Deferred Maintenance Conditions means those items described in the property condition reports delivered to Lender in connection with the Loan.

Deferred Maintenance Conditions means, collectively, the deferred maintenance conditions and near-term capital requirements, if any, described on Schedule 1.1 attached hereto and made a part hereof.

Deferred Maintenance Conditions means those items described in Schedule C attached hereto. | NY\1631294.13 mle xx xxxx Loan Agreement||

Deferred Maintenance Conditions means those items described in Schedule C, together with the Life Safety Exceptions.

Deferred Maintenance Conditions means the conditions at the Property described on Schedule 1 hereto, which Borrower shall have one year from the Closing Date (subject to the provisions hereof) to correct.