Common use of Loan Reserve Requirement Clause in Contracts

Loan Reserve Requirement. The Loan reserve requirement equals one-half of the average annual debt service based on the final repayment schedule. Until the Final Loan Amount is calculated, the Loan reserve requirement is $56,141. The Borrower shall deposit the Loan reserve requirement amount into the Loan Reserve Account no later than the date the first payment is due.

Loan Reserve Requirement. The Loan reserve requirement equals one-half of the average annual debt service based on the final repayment schedule. Until the Final Loan Amount is calculated, the Loan reserve requirement is $56,141242,083. The Borrower shall deposit the Loan reserve requirement amount into the Loan Reserve Account no later than the date the first payment is duedue hereunder.

Loan Reserve Requirement. The Loan reserve requirement equals one-half of the average annual debt service based on the final repayment schedule. Until the Final Loan Amount is calculated, the Loan reserve requirement is $56,141415,141. The Borrower shall deposit the Loan reserve requirement amount into the Loan Reserve Account no later than the date the first payment is duedue hereunder.

Loan Reserve Requirement. The Loan reserve requirement equals 100% times one-half of the average annual debt service based on the final repayment schedule. Until the Final Loan Amount is calculated, the Loan reserve requirement is $56,141132,203. The Borrower shall deposit the Loan reserve requirement amount into the Loan Reserve Account no later than the date the first payment is duedue hereunder.

Loan Reserve Requirement. The Loan reserve requirement equals 100% times one-half of the average annual debt service based on the final repayment schedule. Until the Final Loan Amount is calculated, the Loan reserve requirement is $56,141378,131. The Borrower shall deposit the Loan reserve requirement amount into the Loan Reserve Account no later than the date the first payment is duedue hereunder.

Loan Reserve Requirement. The Loan reserve requirement equals one-half 105% of the average semi- annual debt service based on the final repayment schedulePayment Schedule. Until the Final Loan Amount is calculated, the Loan reserve requirement is $56,14174,797. The Borrower shall deposit the Loan reserve requirement amount into the Loan Reserve Account no later than the date the first payment is duedue hereunder.

Loan Reserve Requirement. The Loan reserve requirement equals one-half of the average annual debt service based on the final repayment schedule. Until the Final Loan Amount is calculated, the Loan reserve requirement is $56,141786,433. The Borrower shall deposit the Loan reserve requirement amount into the Loan Reserve Account no later than the date the first payment is duedue hereunder.