Repairs Escrow Deposit definition
Examples of Repairs Escrow Deposit in a sentence
On the Effective Date, Borrower shall pay to Lender: the Initial Replacement Reserve Deposit for deposit into the Replacement Reserve Account; and the Repairs Escrow Deposit for deposit into the Repairs Escrow Account.
After review of the property condition assessment, the amount of the Monthly Replacement Reserve Deposit may be adjusted by Lender for the remaining Loan Term by written notice to Borrower so that the Monthly Replacement Reserve Deposits are sufficient to fund the Replacements as and when required and/or the amount to be held in the Repairs Escrow Account may be adjusted by Lender so that the Repairs Escrow Deposit is sufficient to fund the Repairs as and when required.
After review of the physical needs assessment, the amount of the Monthly Replacement Reserve Deposit may be adjusted by Lender for the remaining Loan Term by written notice to Borrower so that the Monthly Replacement Reserve Deposits are sufficient to fund the Replacements as and when required and/or the amount to be held in the Repairs Escrow Account may be adjusted by Lender so that the Repairs Escrow Deposit is sufficient to fund the Repairs as and when required.
The Medical Center shall provide to the Physician-in-Training and the Physician-in-Training’s legal dependents, group medical and dental insurance.
Notwithstanding Borrower’s payment of annual assessments or special assessments levied under the terms of the Condominium Documents to provide any repairs to or maintenance of any of the common elements, Borrower shall deposit any Initial Replacement Reserve Deposit, Repairs Escrow Deposit and Monthly Replacement Reserve Deposit required pursuant to the terms of this Loan Agreement.
On the Effective Date, IDOT Guarantor shall pay to Lender: the Initial Replacement Reserve Deposit for deposit into the Replacement Reserve Account; and the Repairs Escrow Deposit for deposit into the Repairs Escrow Account.
Notwithstanding Borrower’s payment of annual assessments or special assessments levied under the terms of the Condominium Documents to provide any repairs to or maintenance of any of the common elements, Borrower shall deposit any Replacement Reserve Deposit and Repairs Escrow Deposit required pursuant to the terms of this Master Agreement.
After review of the property condition assessment, the amount of the Monthly Replacement Reserve Deposit may be adjusted by Lender for the remaining Loan Term by written notice to IDOT Guarantor so that the Monthly Replacement Reserve Deposits are sufficient to fund the Replacements as and when required and/or the amount to be held in the Repairs Escrow Account may be adjusted by Lender so that the Repairs Escrow Deposit is sufficient to fund the Repairs as and when required.