Ground Rent Reserve Account definition

Ground Rent Reserve Account shall have the meaning set forth in Section 7.4 hereof.

Ground Rent Reserve Account shall have the meaning provided in Section 3.1.1(c).

Ground Rent Reserve Account has the meaning set forth in Section 5.2 of --------------------------- the Cash Management Procedures.

Examples of Ground Rent Reserve Account in a sentence

• In making any payment relating to the Ground Rent Reserve Account, Lender may do so according to any xxxx, statement or estimate procured from the Fee Owner, without inquiry into the accuracy of such xxxx, statement or estimate or into the validity thereof.

• Issuers shall pay the costs of establishing and maintaining the Ground Rent Reserve Account.

• Promptly following any written request from Lender, Borrower shall deliver to Lender written evidence reasonably acceptable to Lender regarding (y) the amounts to be deposited in the CIGNA Property Ground Rent Reserve Account and (z) any Manager Ground Rent Escrows.

• If the amount of funds in the Ground Rent Reserve Account shall exceed the amounts due as Ground Rent pursuant to the Ground Lease, Lender shall credit such excess against future payments to be made to the Ground Rent Reserve Account.

• Funds in the Ground Rent Reserve Account shall not be commingled with any other monies.

More Definitions of Ground Rent Reserve Account

Ground Rent Reserve Account shall have the meaning set forth in Section 9.2.1(j) hereof.

Ground Rent Reserve Account shall thereafter cease to be required, and (D) Tenant shall only be obligated to make deposits into a Fee Mortgage Reserve Account under the Existing Fee Mortgage Documents in respect of taxes or insurance premiums to the extent such deposits become required under the applicable Existing Fee Mortgage Documents as a result of a breach by Tenant of its obligations under this Lease (including, without limitation, a breach by Tenant of any Additional Fee Mortgagee Requirements). Landlord hereby further acknowledges that funds deposited by Tenant in any Fee Mortgage Reserve Account are, subject to the applicable provisions, terms and conditions of this Lease, the property of Tenant and accordingly, so long as no Tenant Event of Default is continuing, except as may be agreed to by Tenant in its sole discretion in respect of any other applicable Additional Fee Mortgagee Requirements, the applicable Fee Mortgagee shall agree to return the portion of such funds not previously released to Tenant within fifteen (15) days following the expiration of the Additional Fee Mortgagee Requirements Period and may not apply such funds against the Fee Mortgage; (ii) make Rent payments into “lockbox accounts” maintained for the benefit of Fee Mortgagee; and/or (iii) subject to this Section 31.3, perform other actions consistent with the obligations described in the first sentence of this Section 31.3. 146 (d) Tenant shall perform the repairs at the Facility described on Schedule 3 attached hereto (the “Initial Fee Mortgagee Required Repairs”). Tenant shall complete the Initial Fee Mortgagee Required Repairs on or before the required deadline for each such repair as set forth on Schedule 3. It shall be a Tenant Event of Default if the Initial Fee Mortgagee Required Repairs are not completed by the required deadline for each repair as set forth on Schedule 3. (e) In the event Tenant breaches its obligations to comply with Additional Fee Mortgagee Requirements as described herein (without regard to any notice or cure period under the Fee Mortgage Documents and without regard to whether a default or event of default has occurred as a result thereof under the Fee Mortgage Documents), Landlord shall have the right, following the failure of Tenant to cure such breach within twenty (20) days from receipt of written notice to Tenant from Landlord of such breach (except to the extent the breach is of a nature such that it is not practicable for Landlord to provide such prior written notic...

Ground Rent Reserve Account shall have the meaning set forth in Section 7.4.1 of the Original Loan Agreement. As of the date hereof, the Ground Rent Reserve Account is being closed, and notwithstanding any requirement to the contrary in any other Loan Document, there shall be no further obligation to deposit funds in the Ground Rent Reserve Account.

Ground Rent Reserve Account shall have the meaning set forth in the Closing Date Mortgage Loan Agreement.

Ground Rent Reserve Account shall have the meaning set forth in Section 9.2 hereof.

Ground Rent Reserve Account has the meaning assigned to such term in the Cash Management Agreement.

Ground Rent Reserve Account is defined in Section 9.3(a) hereof.