Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.
Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 8.2 hereof.
Replacement Reserve Monthly Deposit shall have the meaning set forth in the Mortgage Loan Agreement.
Examples of Replacement Reserve Monthly Deposit in a sentence
Borrower shall be relieved of its obligation to deliver to Lender the Replacement Reserve Monthly Deposit, provided that Lender receives evidence acceptable to it of the making of such deposits under the Mortgage Loan.
More Definitions of Replacement Reserve Monthly Deposit
Replacement Reserve Monthly Deposit means, for each date of determination, one twelfth (1/12) of the amount equal to the Aggregate Square Footage multiplied by Twenty Cents ($0.20).
Replacement Reserve Monthly Deposit means an amount equal to (i) four percent (4.0%) of Net Revenue from guest rooms and Borrower-managed food and beverage operations for the calendar month that is two (2) calendar months prior to the calendar month in which the applicable deposit to the Replacement Reserve Fund is to be made and (ii) one half of one percent (0.5%) of all other Net Revenue (other than non-recurring items) for the calendar month that is two (2) calendar months prior to the calendar month in which the applicable deposit to the Replacement Reserve Account is to be made.
Replacement Reserve Monthly Deposit has the meaning assigned in Schedule 2.6(a).
Replacement Reserve Monthly Deposit means the greater of (i) such amounts as are required under the Franchise Agreements to be reserved for furniture, fixtures and equipment, (ii) such amounts as are required under the Management Agreements to be reserved for furniture, fixtures and equipment and (iii)(1) until the end of the calendar year in which the Closing Date occurs, the amount of the Initial Replacement Reserve Monthly Deposit, and (2) thereafter, the quotient obtained by dividing (A) the aggregate Gross Income from Operations for the Properties still subject to the Lien of a Security Instrument for the preceding calendar year (as reflected in Borrower's annual operating statements as approved and accepted by Lender) multiplied by four percent (4%) by (B) twelve (12). The Replacement Reserve Monthly Deposit shall be adjusted annually and shall be effective for the Replacement Reserve Monthly Deposit due on the Payment Date first occurring after the appropriate financial statements have been delivered to Lender as required herein.
Replacement Reserve Monthly Deposit means the positive number obtained by subtracting:
Replacement Reserve Monthly Deposit means the amount set forth on Schedule IV.
Replacement Reserve Monthly Deposit means, for each date of determination, one-twelfth (1/12th) of the amount equal to the Aggregate Square Footage multiplied by twenty cents ($0.20).