Common use of FF&E Reserve Account Clause in Contracts

FF&E Reserve Account. A breach by Lessee of its obligation to create, fund, and maintain the minimum required aggregate amounts in the FF&E Reserve Account as provided in Section 4.1(b) hereof and Section 3.7(f) of the Property Leases subject to any notice and cure periods contained in the Property Leases.

Appears in 2 contracts

Samples: Master Agreement (Arlington Hospitality Inc), Master Agreement (PMC Commercial Trust /Tx)

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FF&E Reserve Account. A breach by Lessee of its obligation to create, fund, create and maintain the minimum required aggregate amounts in fund the FF&E Reserve Account as provided in Section 4.1(b) hereof and Section 3.7(f) of the Property Leases subject to any notice and cure periods period contained in the Property LeasesLease.

Appears in 1 contract

Samples: Master Agreement (PMC Commercial Trust /Tx)

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FF&E Reserve Account. A breach by Lessee of its obligation to create, fund, create and maintain the minimum required aggregate amounts in fund the FF&E Reserve Account as provided in Section 4.1(b) hereof and Section 3.7(f) of the Property Leases subject to any notice and cure periods period contained in the Property LeasesLease. (d) Failure of Lessee to replenish the Escrow within two (2) business days after written notice from Lessor.

Appears in 1 contract

Samples: Master Agreement (Amerihost Properties Inc)

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