Common use of Aggregate Non-Conforming Deduction Amount Clause in Contracts

Aggregate Non-Conforming Deduction Amount. Within five (5) Business Days of delivery of an Aggregate Non-Conforming Deduction Amount Diligence Report by the Diligence Agent, the Borrowers shall (deliver to the Administrative Agent and the Calculation Agent a report setting forth the Aggregate Non-Conforming Deduction Amount Adjustment with respect to each Non-Conforming Property and the total in respect thereof for all Non-Conforming Properties. If such total shall have increased since the most recent such report delivered pursuant to this paragraph (b) (or, as applicable, since the date of the initial Property Loan hereunder with respect to a Non-Conforming Property), the Borrower shall on the date of such report make a deposit to the Special Reserves Account in an amount equal to such increase. If such total shall have decreased since the most recent such report delivered pursuant to this paragraph (b), then provided no Default or Event of Default shall exist and remain uncured, Paying Agent shall disburse an amount of Special Reserves equal to such decrease to the Borrower Representative (as directed in writing by the Administrative Agent pursuant to Section 6.13(e)); provided, that such disbursement shall not exceed the aggregate Special Reserves on deposit pursuant to this paragraph (b)).

Aggregate Non-Conforming Deduction Amount. Within five (5) Business Days of delivery of an Aggregate Non-Conforming Deduction Amount Diligence Report by the Diligence Agent, the Borrowers shall (deliver to the Administrative Agent and the Calculation Agent a report setting forth the Aggregate Non-Conforming Deduction Amount Adjustment with respect to each Non-Conforming Property and the total in respect thereof for all Non-Conforming Properties. If such total shall have increased since the most recent such report delivered pursuant to this paragraph (b) (or, as applicable, since the date of the initial Property Loan hereunder with respect to a Non-Conforming Property), the Borrower shall on the date of such report make a deposit to the Special Reserves Account in an amount equal to such increase. If such total shall have decreased since the most recent such report delivered pursuant to this paragraph (b), then provided no Default or Event of Default shall exist and remain uncured, Paying Agent shall disburse an amount of Special Reserves equal to such decrease to the Borrower Representative (as directed in writing by the Administrative Agent pursuant to Section 6.13(e)); provided, that such disbursement shall not exceed the aggregate Special Reserves on deposit pursuant to this paragraph (b)).