Common use of Leasing Reserve Funds Clause in Contracts

Leasing Reserve Funds. (a) Borrower shall deposit with Lender on the date hereof $0 and on each Monthly Payment Date the sum of $0 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions that may be incurred following the date hereof. Amounts deposited pursuant to this Section 8.5 are referred to herein as the “Leasing Reserve Funds”. All Leasing Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Leasing Reserve Account”).

Appears in 1 contract

Samples: Loan Agreement (Inland Real Estate Income Trust, Inc.)

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Leasing Reserve Funds. (a) Borrower shall deposit with Lender on the date hereof $0 28,979.75 and on each Monthly Payment Date the sum of $0 28,979.75 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions that may be incurred following the date hereof. Amounts deposited pursuant to this Section 8.5 8.3 are referred to herein as the “Leasing Reserve Funds”. All Leasing Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Leasing Reserve Account”).

Appears in 1 contract

Samples: Loan Agreement

Leasing Reserve Funds. (a) Subject to Subsection 8.5(c) below, Borrower shall deposit with Lender on the date hereof $0 and on each Monthly Payment Date the sum of $0 57,090.75 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions that may be incurred following the date hereof. Amounts deposited pursuant to this Section 8.5 are referred to herein as the “Leasing Reserve Funds”. All Leasing Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Leasing Reserve Account”).CH1 6687939v.9

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Leasing Reserve Funds. (a) Commencing on the Monthly Payment Date occurring in September, 2020 Borrower shall deposit with Lender on the date hereof $0 and on each Monthly Payment Date the sum of $0 119,357.08 (the “Leasing Reserve Monthly Deposit”) ), for tenant improvements and leasing commissions that may be incurred following the date hereofthereof. Amounts deposited pursuant to this Section 8.5 are referred to herein as the “Leasing Reserve Funds”. All Leasing Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Leasing Reserve Account”).

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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Leasing Reserve Funds. (ai) Borrower Subject to subsection 8.5(c) below, Borrowers shall deposit with Lender on the date hereof $0 and on each Monthly Payment Date the sum of an amount equal to $0 52,645.00 (the “Leasing Reserve Monthly Deposit”) for tenant improvements and leasing commissions that may be incurred following the date hereof. Amounts deposited pursuant to this Section 8.5 are referred to herein as the “Leasing Reserve Funds”. All Leasing Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Leasing Reserve Account”).

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

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