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

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

Replacement Reserve Funds shall have the meaning set forth in the Mortgage Loan Agreement.

Examples of Replacement Reserve Funds in a sentence

Lender's right to withdraw and apply the Replacement Reserve Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.
Lender’s right to withdraw and apply the Replacement Reserve Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.
Lender shall not be required to disburse Replacement Reserve Funds more frequently than once each calendar month nor in an amount less than the Minimum Disbursement Amount (or a lesser amount if the total amount of Replacement Reserve Funds is less than the Minimum Disbursement Amount, in which case only one disbursement of the amount remaining in the account shall be made).
Administrative Agent’s right to withdraw and apply the Replacement Reserve Funds shall be in addition to all other rights and remedies provided to Administrative Agent under this Agreement and the other Loan Documents.
All Replacement Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Replacement Reserve Account”) which, during the continuation of a Cash Trap Event Period, may be a sub-account of the Cash Management Account.

More Definitions of Replacement Reserve Funds

Replacement Reserve Funds. Provided no Event of Default is continuing, upon the termination of any Replacement Reserve Deposit Period, any amounts held in the Replacement Reserve Account shall be disbursed to Borrower at Borrower’s direction.

Replacement Reserve Funds is defined in Section 9.2(b) hereof.

Replacement Reserve Funds shall have the meaning given to such term in Section 4.4.

Replacement Reserve Funds. Upon payment in full by Borrower of all sums evidenced by the Note and secured by the Mortgage (other than obligations of Borrower which survive repayment of the Loan such as indemnification obligations), Lender shall disburse to Borrower all remaining Replacement Reserve Funds, if any.

Replacement Reserve Funds and the account in which such amounts are held shall hereinafter be referred to as Borrowers’ “Replacement Reserve Account”. Lender may reassess its estimate of the amount necessary for the Replacement Reserve Funds from time to time, and may increase the monthly amounts required to be deposited into the Replacement Reserve Account upon thirty (30) days notice to Borrowers if Lender determines in its reasonable discretion that an increase is necessary to maintain the proper maintenance and operation of the Properties.

Replacement Reserve Funds. Lender may, in its reasonable discretion, adjust the Replacement Reserve Monthly Deposit from time to time to an amount sufficient to maintain the proper maintenance and operation of the Properties. In the event Lender shall at any time increase the Replacement Reserve Monthly Deposit, Borrower may, at its election, request that Lender obtain, at the sole cost and expense of Borrower, a Physical Conditions Report prepared by an engineer selected by Lender in its reasonable discretion, in which case the Replacement Reserve Monthly Deposit shall be adjusted by Lender based on the results of such report, provided that in no event shall such amounts be reduced below the current amount of the Replacement Reserve Monthly Deposit set forth in herein.