Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

Replacement Reserve Account shall have the meaning set forth in Section 9.2(b) hereof.

Replacement Reserve Account means the account established by Lender into which the Replacement Reserve Deposits are deposited to fund the Replacements.

Examples of Replacement Reserve Account in a sentence

Any Replacement Reserve Funds remaining on deposit in the Replacement Reserve Account after the Debt has been paid in full shall be paid to Borrower.
Upon a Cash Sweep Cure Date and provided that a Cash Sweep Period shall not then otherwise exist, amounts in the Replacement Reserve Account shall be released to Borrower on the next Payment Date.
Any Letter of Credit from time to time delivered in lieu of payments to the Replacement Reserve Account or the Rate Cap Reserve Account shall be for not less than the amount of deposits required to be made by Borrower to such Replacement Reserve Account or the Rate Cap Reserve Account for the twelve (12) calendar months following the date such Letter of Credit is delivered to Lender in the Replacement Reserve Account or the Rate Cap Reserve Account (the “Reserve Cap Period”).
Any amount held in the Replacement Reserve Account and allocated for an Individual Property shall be retained by Xxxxxx and credited toward the future Replacement Reserve Monthly Deposits required by Xxxxxx hereunder in the event such Individual Property is released from the Lien of the related Mortgage in accordance with Section 2.6 hereof.

More Definitions of Replacement Reserve Account

Replacement Reserve Account has the meaning set forth in Section 4.1(a).

Replacement Reserve Account shall have the meaning assigned to such term in the Mortgage Loan Agreement or such comparable account as shall be established under this Agreement in accordance with Section 7.3 hereof.

Replacement Reserve Account as defined in Section 4.1.11.

Replacement Reserve Account. Notwithstanding the preceding sentence, the amount of Replacement Reserve Funds on deposit in the Replacement Reserve Account at any given time shall not exceed Two Million Six Hundred Seventeen Thousand Three Hundred Two and No/100 Dollars ($2,617,302.00) in the aggregate (the “Replacement Reserve Cap”) and, accordingly, to the extent a Replacement Reserve Monthly Deposit would result in the aggregate amount of Replacement Reserve Funds in the Replacement Reserve Account to exceed the Replacement Reserve Cap, such Replacement Reserve Monthly Deposit shall be decreased by an amount equal to such excess. Lender may reassess its estimate of the amount necessary for the Replacement Reserve Fund from time to time, and may increase the monthly amounts required to be deposited into the Replacement Reserve Fund upon thirty (30) days notice to Borrower if Lender determines in its reasonable discretion that an increase is necessary to maintain the proper maintenance and operation of the Properties.

Replacement Reserve Account with respect to a particular Property, means the replacement reserve account established pursuant to the Replacement Reserve Agreement relating to such Property, and "REPLACEMENT RESERVE ACCOUNTS" shall mean every such Replacement Reserve Account, collectively.

Replacement Reserve Account shall have the meaning given such term in Section 5.2(a).

Replacement Reserve Account has the meaning set forth in (pppp) "Residual Receipts" means for each calendar year, the amount by which Gross Revenue exceeds Annual Operating Expenses.