Replacement Reserve Account definition

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

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Replacement Reserve Account shall have the meaning set forth in Section 8.2 hereof.

Replacement Reserve Account shall have the meaning set forth in Section 3.1(b)(iv) hereof.

Examples of Replacement Reserve Account in a sentence

Provided that no Event of Default has occurred and is continuing, Lender shall disburse funds on deposit in the Replacement Reserve Account in accordance with the provisions of Section 7.3 hereof.
The insufficiency of any balance in the Replacement Reserve Account shall not relieve Borrower from its obligation to fulfill all preservation and maintenance covenants in the Loan Documents.
Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property or for costs which are to be reimbursed from the Required Repair Account.
In the case of payments made by joint check, Lender may require a waiver of lien from each Person receiving payment prior to ▇▇▇▇▇▇’s disbursement from the Replacement Reserve Account.
Except as provided in Section 7.3.2(e), each request for disbursement from the Replacement Reserve Account shall be made only after completion of the Replacement for which disbursement is requested.

More Definitions of Replacement Reserve Account

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

Replacement Reserve Account has the meaning set forth in Section

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 shall have the meaning set forth in the Mortgage Loan Agreement.

Replacement Reserve Account as defined in Section 4.1.11.

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" means every such Replacement Reserve Account, collectively.

Replacement Reserve Account has the meaning ascribed to such term in Section 4.1(1).