Required Repair Funds definition

Required Repair Funds shall have the meaning set forth in Section 7.1.1 hereof.
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Required Repair Funds shall have the meaning set forth in Section 9.1(b) hereof.
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Required Repair Funds shall have the meaning set forth in Section 6.1.1.
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Examples of Required Repair Funds in a sentence

  • Upon the occurrence and during the continuance of such an Event of Default, Lender, at its option, may withdraw the Required Repair Funds from the Required Repair Account and Lender may apply such funds either to completion of the Required Repairs or toward payment of the Debt in such order, proportion and priority as Lender may determine in its sole discretion.

  • Xxxxxx’s right to withdraw and apply Required Repair Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.

  • Provided no Event of Default then exists, Lender shall, following receipt of written request from Xxxxxxxx, disburse to Borrower the remaining Required Repair Funds relating to each Individual Property from the Required Repair Account upon completion of all Required Repairs with respect to such Individual Property.


More Definitions of Required Repair Funds

Required Repair Funds and the account in which such amounts are held shall hereinafter be referred to as Borrower’s “Required Repair Account”.
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Required Repair Funds shall have the meaning set forth in the Mortgage Loan Agreement.
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Required Repair Funds has the meaning set forth on Schedule I hereof.
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Required Repair Funds. Upon the earlier of (1) Borrower’s completion of all Required Repairs in accordance with the terms hereof (provided Borrower has supplied Lender with evidence reasonably satisfactory to Lender of payment of all Required Repairs), so long as no Event of Default is then continuing or (2) payment in full by Borrower of all sums evidenced by the Note (other than obligations of Borrower which survive repayment of the Loan such as indemnification obligations) and secured by the Mortgage, Lender shall disburse to Borrower all remaining Required Repair Funds, if any.
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Required Repair Funds. Sub-Account" as defined in Section 7.1.1; (iii) "Tax Sub-Account" as defined in Section 7.2; (iv) "Insurance Premium Sub-Account" as defined in Section 7.2; (v) "Replacement Reserve Sub-Account" as defined in Section 7.3.1.; and the "Debt Service Sub-Account" as defined in the Cash Management Agreement.
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Required Repair Funds shall have the meaning set forth in Section 6.1.1. "Required Repairs" shall have the meaning set forth in Section 6.1.1.
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Related to Required Repair Funds

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by the Loan Documents.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

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

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

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

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.