Replacement Reserve Agreement definition

Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

Replacement Reserve Agreement means any Replacement Reserve Agreement between the Borrower and the Funding Lender, as the same may be amended, restated or supplemented from time to time.

Replacement Reserve Agreement means the Replacement Reserve Agreement, of even date herewith, between the Borrower and the Funding Lender, as the same may be amended, restated or supplemented from time to time.

Examples of Replacement Reserve Agreement in a sentence

• The Borrower acknowledges as follows: (a) calculation of all interest payments shall be made by the Funding Lender; (b) deposits with respect to the Taxes and Other Charges shall be calculated by the Servicer or if there is no Servicer, the Funding Lender in accordance with the Security Instrument; and (c) deposits with respect to any replacement reserve funds required by the Funding Lender shall be calculated by the Servicer in accordance with the Replacement Reserve Agreement.

• Borrower shall execute a Replacement Reserve Agreement for the Mortgaged Property which they own and shall (unless waived by Lender by separate agreement) make all deposits for replacement reserves in accordance with the terms of the Replacement Reserve Agreement.

• Borrower shall execute a Replacement Reserve Agreement for the Mortgaged Properties and shall (unless waived by Lender) make all deposits for replacement reserves in accordance with the terms of the Replacement Reserve Agreement.

• Borrower shall execute a Replacement Reserve Agreement for the Mortgaged Properties and shall (unless waived by Lender pursuant to the Replacement Reserve Agreement) make all deposits for replacement reserves in accordance with the terms of the Replacement Reserve Agreement.

• There shall be deposited in the Replacement Reserve Fund all moneys received for such purpose by the Trustee from the Borrower pursuant to the Replacement Reserve Agreement.

More Definitions of Replacement Reserve Agreement

Replacement Reserve Agreement means that Replacement Reserve and Security Agreement dated as of [ ] 1, 2022 between the Borrower and the Bondowner Representative.

Replacement Reserve Agreement means the Replacement Reserve Agreement, to be entered into as of the Conversion Date, between the Borrower and Citibank, as the same may be amended, restated or supplemented from time to time.

Replacement Reserve Agreement means the Replacement Reserve and Security Agreement between the Owner and the Servicer relating to the Reimbursement Mortgage, as the same may be amended, modified or supplemented from time to time.

Replacement Reserve Agreement means the Replacement Reserve and Security Agreement, dated as of the date hereof, made by the Borrower in favor of the Funding Lender.

Replacement Reserve Agreement means that certain Replacement Reserve Agreement, dated as of [ ], 2021 by and between Borrower and CCRC.

Replacement Reserve Agreement means each Replacement Reserve and Security Agreement between Owner and Xxxxxx Xxx relating to a Property and establishing Owner's obligation to fund certain replacement reserve accounts, as such agreement may be amended, supplemented, otherwise modified or amended and restated from time to time in accordance with its terms, and "REPLACEMENT RESERVE AGREEMENTS" means every such Replacement Reserve Agreement, collectively.

Replacement Reserve Agreement has the meaning set forth in Section 2(b) hereof.