Repair Escrow Deposit definition

Repair Escrow Deposit means the sum of Six Million Six Hundred Thirteen Thousand Five Hundred Thirty-Five Dollars ($6,613,535.00) deposited into escrow with Lender as of the effective date of this Agreement, together with interest, if any, to be held in accordance with the provisions of this Agreement.
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Repair Escrow Deposit means the sum of Dollars ($ ) [choose one: deposited into escrow with Lender as of the effective date of this Agreement OR or such lesser or equal amount that Lender may require to be deposited into escrow with Lender pursuant to Section 3 of this Agreement], together with interest, if any, to be held in accordance with the provisions of this Agreement.
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Examples of Repair Escrow Deposit in a sentence

  • Lender acknowledges that Borrower has established the Repair Escrow Fund by depositing the amount of the Repair Escrow Deposit with Lender.

  • Lender shall not be required to hold the Repair Escrow Deposit in an interest bearing account if the Repairs are required to be completed in ninety (90) days or less.

  • The Repair Escrow Deposit shall, except as otherwise stated in this Agreement, be used for the purpose of paying, or reimbursing Borrower for, the costs of the Repairs.

  • Lender's notice to Borrower will specify the amount of the Repair Escrow Deposit; provided that such amount will not exceed the Repair Escrow Deposit amount set forth in Section 1(h) above.

  • Lender defers its right to require Borrower to make the Repair Escrow Deposit.

  • Lender’s notice to Borrower will specify the amount of the Repair Escrow Deposit, provided that such amount will not exceed the Repair Escrow Deposit amount specified in Section 1(f).

  • Lender will not be required to hold the Repair Escrow Deposit in an interest bearing account if the Repairs are required to be completed in ninety (90) days or less.

  • Lender will not be required to hold the Repair Escrow Deposit in an interest bearing account if the Repairs are required to be completed in 90 days or less.