Maximum Repair Cost definition
Examples of Maximum Repair Cost in a sentence
Lender shall not disburse any amounts which would cause the funds remaining in the Repairs Escrow Account after any disbursement (other than with respect to the final disbursement) to be less than the Maximum Repair Cost of the then-current estimated cost of completing all remaining Repairs.
In the event any Replacement or Repair exceeds the approved cost set forth on the Required Replacement Schedule for Replacements, or the Maximum Repair Cost for Repairs, Borrower may submit a disbursement request to reimburse Borrower for such excess cost.
With respect to Repairs, disbursement requests may only be made after completion of the applicable Repairs and only to reimburse Borrower for the actual cost of the Repairs, up to the Maximum Repair Cost.
In the event any Replacement, Repair, or Restoration item exceeds the approved cost set forth on either the Required Replacement Schedule for Replacements, the Maximum Repair Cost for Repairs, or the initial cost approved by Lender for Restoration, as applicable, Borrower may submit a disbursement request to reimburse Borrower for such excess cost.
In the event any Replacement or Repair exceeds the approved cost set forth on the Required Replacement Schedule for Replacements, or the Maximum Repair Cost for Repairs, as applicable, or any Restoration item exceeds the initial cost approved by Lender for Restoration, Borrower (or Master Lessee, as directed by Borrower) may submit a disbursement request to reimburse Borrower (or Master Lessee, as directed by Borrower) for such excess cost.
In the event any Replacement or Repair exceeds the approved cost set forth on the Required Replacement Schedule for Replacements, or the Maximum Repair Cost for Repairs, as applicable, or any Restoration item exceeds the initial cost approved by Lender for Restoration, Borrower may submit a disbursement request to reimburse Borrower for such excess cost.
With respect to Repairs, disbursement requests may only be made after completion of the applicable Repairs and only to reimburse Borrower (or Master Lessee, as directed by Borrower) for the actual cost of the Repairs, up to the Maximum Repair Cost.
Disbursement requests may only be made after completion of the applicable Repairs and only to reimburse IDOT Guarantor for the actual cost of the Repairs, up to the Maximum Repair Cost.
In the event any Replacement or Repair exceeds the approved cost set forth on the Required Replacement Schedule for Replacements, or the Maximum Repair Cost for Repairs, IDOT Guarantor may submit a disbursement request to reimburse IDOT Guarantor for such excess cost.