Initial Ground Rents Amount definition
Initial Ground Rents Amount means the amount shown as such on Exhibit A.
Examples of Initial Ground Rents Amount in a sentence
Notwithstanding the foregoing, on the Closing Date Borrowers shall deposit the Initial Deferred Maintenance Amount into the Deferred Maintenance Sub-Account, the Initial Basic Carrying Cost Amount into the Basic Carrying Cost Sub-Account, the Initial Upfront Remediation Amount into the Upfront Remediation Sub-Account and the Initial Ground Rents Amount into the Ground Rent Reserve Sub-Account.
Notwithstanding the foregoing, on the Closing Date Borrowers shall deposit (i) the Initial Ground Rents Amount into the Ground Rent Reserve Sub-Account, and (ii) the Initial Deferred Maintenance Amount into the Deferred Maintenance Sub-Account.