Replacement Reserve Cap definition

Replacement Reserve Cap shall have the meaning set forth in Section 7.3.1 hereof.
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Replacement Reserve Cap means the amount set forth in Section 1.03.
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Replacement Reserve Cap means an amount equal to twelve (12) multiplied by the Replacement Reserve Monthly Deposit.
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Examples of Replacement Reserve Cap in a sentence

  • Notwithstanding the foregoing, the Replacement Reserve Cap may be increased not more than once annually upon mutual agreement of Borrower and Lender.

  • Borrower's Monthly Reserve Deposit shall be suspended at such time as and only for so long as, the amounts on deposit in the Replacement Reserve Account equals or exceeds the Replacement Reserve Cap.

  • At such time as amounts on deposit in the Replacement Reserve Account are less than the Replacement Reserve Cap, Borrower's obligation to make the Monthly Replacement Reserve Deposit shall be reinstated until such time as and only for so long as, the amount on deposit in the Replacement Reserve Account equals the Replacement Reserve Cap.

  • When the Replacement Reserve Funds on deposit in the Replacement Reserve Account equals or exceeds the Replacement Reserve Cap, Borrower may cease making Replacement Reserve Monthly Deposits to the Replacement Reserve Fund.

  • Following the release of a Release Property in accordance with Section 2.6.1, Lender shall adjust the Replacement Reserve Cap, the Rollover Reserve Cap and (if applicable) the other amounts thereafter required to be deposited by Borrower into the Reserve Accounts to reflect amounts required solely for the remaining Individual Properties after giving effect to such release.


More Definitions of Replacement Reserve Cap

Replacement Reserve Cap has the meaning set forth in Section 4.05(b).
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Replacement Reserve Cap means, for each date of determination, an amount equal to the Aggregate Square Footage multiplied by sixty cents ($0.60).
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Replacement Reserve Cap means the amount set forth in the Summary.
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Replacement Reserve Cap means, as of the date of determination, an amount equal to the Aggregate Square Footage multiplied by Forty Cents ($0.40), provided that in the event that the Debt Service Coverage Ratio based on the trailing twelve (12) month period immediately preceding such date of determination is equal to or greater than 1.71 to 1.00, the Replacement Reserve Cap shall mean, as of the date of determination, an amount equal to the Aggregate Square Footage multiplied by Twenty Cents ($0.20). The Replacement Reserve Cap as of the Closing Date is Three Million Nine Hundred One Thousand Five Hundred Fifteen ($3,901,515).
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Replacement Reserve Cap shall have the meaning set forth in Exhibit G.
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Replacement Reserve Cap means an amount equal to One Hundred Six Thousand Two Hundred Fifty and No/100 Dollars ($106,250.00).
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Replacement Reserve Cap shall have the meaning set forth in the Closing Date Mortgage Loan Agreement.
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