Repair Escrow Agreement definition

Repair Escrow Agreement means the Repair Escrow Agreement dated as of the date hereof by and among Fxxxxxx Mac, the Servicer and the Sponsor with respect to the repairs required to be completed at the Mortgaged Properties during the time period(s) established therein, as the same may be amended, supplemented or restated.
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Repair Escrow Agreement means the Repair Escrow Agreement dated as of the date hereof by and among Freddie Mac, the Servicer and the Sponsor with respect to the repairs required to be completed at the Mortgaged Properties during the time period(s) established therein, as the same may be amended, supplemented or restated.
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Repair Escrow Agreement. The Repair Escrow Agreement, dated of even date herewith, by and between Borrower and Lender, establishing an escrow account for the completion of repairs, deferred maintenance, environmental remediation work or other work necessary to be performed on any Property.
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Examples of Repair Escrow Agreement in a sentence

  • The Repair Escrow Agreement (as such term is defined in the Lease-Back Lease).

  • Lender shall be entitled to deduct from the Repair Escrow Fund a quarterly fee, payable on the date hereof and on each three months thereafter, in the amount of One Thousand Seven Hundred Fifty Dollars ($1,750.00) for administering the Repair Escrow Agreement, in lieu of a one-time set-up fee and occasional inspection fees, provided Lender shall also be entitled to reimbursement of certain out-of-pocket expenses as more fully set forth in Section 7(d) below.

  • Transferor shall place into escrow at Closing pursuant to the Capital Repair Escrow Agreement funds in the amount of $490,000 to be held until Transferor has completed the capital repairs set forth on Schedule 4.5 attached hereto (the “Repairs”).

  • The Repair Escrow is to be used by New Borrower for those repairs (the "Repairs") required by Freddie Mac to be made to the Property as described in the Repair Escrow Agreement.

  • All Repairs for which funds are escrowed must be satisfactorily completed within __________ (______) days after the execution of the Repair Escrow Agreement.

  • In the event the Borrower entered into a Repair Escrow Agreement with Lender in connection with Lender’s execution and delivery of the Credit Enhancement Agreement, Borrower acknowledges that a transfer of funds into the Replacement Reserve Fund made pursuant to Section 17 of such Repair Escrow Agreement shall not alter or reduce the amount of any Monthly Deposits due under the terms of this Agreement.

  • Borrower’s Social Security or Taxpayer Identification No. By: Name: Title: By: Name: Title: The undersigned hereby requests from (“Lender”) the disbursement of funds in the amount of $ (“Disbursement Request”) from the Repair Escrow Fund established pursuant to the Repair Escrow Agreement dated , 20 by and between Lender and the undersigned (the “Repair Escrow Agreement”) to pay for repairs to the multifamily apartment project known as and located in .

  • The Buyer, the Shareholder and the Escrow Agent shall have entered into the Roof Repair Escrow Agreement.

  • Any funds remaining in the Repair Escrow after the Repairs have been completed in accordance with the terms of the Repair Escrow Agreement will be returned to New Borrower.

  • This plan needs to be reviewed by a ‘Qualified Person’ (QP) who will then issue a declaration form to the EA.


More Definitions of Repair Escrow Agreement

Repair Escrow Agreement shall have the meaning set forth in Section 2(b).
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Repair Escrow Agreement means that certain Repair Escrow Agreement dated March 15, 2002, by and among the Purchaser, the Sellers and the Title Company, as escrow agent, in substantially the same form attached as Appendix N.
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Related to Repair Escrow Agreement

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, in the form of Exhibit B hereto.

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Escrow Agreement means the escrow agreement entered into prior to the date hereof, by and among the Company, the Escrow Agent and the Placement Agent pursuant to which the Purchasers shall deposit Subscription Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder.

  • 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.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Escrow Agreements means one or more of the agreements between the Company, the Partnership and one or more of the Performance Investors, dated as of the closing of the date of the initial public offering of the common stock of the General Partner, pursuant to which the Performance Investors have deposited their Performance Shares in escrow for possible transfer to the General Partner or the Partnership (as applicable).

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Escrow Deposit Agreement means the agreement provided for in Section 4.02(a) of this Resolution.

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Escrow End Date has the meaning specified in the Escrow Agreement.