Green Improvements. (i) Lender and Borrower acknowledge that Borrower has deposited into the Repair Reserve Fund the Green Improvements Deposit as of the date of this Loan Agreement, and that Borrower must complete the Green Improvements required pursuant to Sections 4.03 and 6.14. The Green Improvements Deposit must be used solely for the Green Improvements.
Appears in 7 contracts
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
Green Improvements. (i) In addition to the funds deposited into the Repair Reserve Fund, if any, as described in Section 4.03, Lender and Borrower acknowledge that Borrower has deposited into the Repair Reserve Fund the Green Improvements Deposit as of the date of this Loan Agreement, and that Borrower must complete the Green Improvements required pursuant to Sections 4.03 and 6.14. The Green Improvements Deposit must be used solely for the Green Improvements.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
