TI/LC Escrow definition

TI/LC Escrow in Place" identified as "Yes," collections may occur at one time or be ongoing. In certain instances the amount of the escrow may be capped or collected only for certain periods of time and/or may not be replenished after a release of funds. The weighted average percentage of mortgage loans disclosed as having TI/LC cash or letter of credit reserves in place considers only mortgage loans on commercial properties, excluding multifamily, manufactured housing community, land and self storage mortgage properties.
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Examples of TI/LC Escrow in a sentence

  • Escrow Agent is willing to accept the Leased Space Escrow Deposit, and the Vacant Space Escrow Deposit, and the TI/LC Escrow Deposit, and hold and disburse same in accordance with the terms and conditions set forth below.

  • Any non-allocated TI/LC Escrow Deposit remaining on the 1st day of the 2nd year following the date of Closing, for any then Vacant Space, shall be released to Buyer.

  • Amounts deposited in the US Bancorp Escrow Fund pursuant to paragraph 6(c) of the Deed of Trust shall be allocated to the US Bancorp TI/LC Escrow Sub-account.

  • That portion of the TI/LC Escrow Deposit attributable to TI shall be released by Escrow Agent upon the joint direction of Seller and Buyer accompanied by the documentation required by each lease, and in any event, no less documentation than copies of invoices and mechanics lien waivers in the amount of each request shall accompany the draw request.

  • That portion of the TI/LC Escrow Deposit attributable to LC shall be released from the Escrow Deposit by Escrow Agent upon the joint direction of Seller and Buyer accompanied by signed lien waivers and invoices from the applicable real estate brokers.

  • Amounts deposited in the Gibson Dunn Escrow Fund pursuant to paragraph 6(d) of the Deed of Tr▇▇▇ ▇▇a▇▇ ▇e allocated to the Gibson Dunn TI/LC Escrow Sub-account.

  • In the event of the lease and delivery of the entirety of the Master Lease Premises as provided in the preceding sentence, Seller shall provide Escrow Agent with written direction to release any remaining portion of the TILC Escrow to Seller and Escrow Agent shall disburse same to Seller within one (1) business day of receipt of such notice.

  • Said amount shall be allocated between the aforesaid escrows as follows: Fifteen cents (.15) per square foot shall be allocated to the Cap Ex Escrow and Forty Two cents (.42) shall be allocated to the TI/LC Escrow.

  • The TI/LC Escrow Deposit is applicable to the Vacant Space on the basis of the product of Eight and no/100 Dollars ($8.00) as and for leasing/brokerage commissions ("LC") and tenant improvement allowances ("TI"), multiplied by 3850 square feet of Vacant Space.

  • Interest earned on the TILC Escrow shall belong to Seller, and shall be disbursed to Seller upon the termination of this Agreement.