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Common use of Additional Reserves Clause in Contracts

Additional Reserves. Lender shall have established and Borrower shall have funded such additional reserves as are established by Lender in Lender's reasonable discretion.

Appears in 2 contracts

Sources: Loan Agreement (Alternative Living Services Inc), Loan Agreement (Alternative Living Services Inc)

Related Clauses

  • Additional Reserve Costs
  • Additional Reserve Requirements
  • Insurance Reserves
  • Borrower Information Used to Determine Applicable Interest Rates
  • Tax Reserves

Parent Clauses

  • TAXES; RESERVES
  • Reserve Account
  • Definitions
  • CONDITIONS PRECEDENT
  • PROCEDURES FOR RESERVE CREATION

Sub-Clauses

  • Tax and Insurance Impounds
  • Cash Collateral Account
  • Future Funding Reserve Funds
  • Release of Future Funding Reserve Funds
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