Common use of Payment of Deferred Maintenance Costs Clause in Contracts

Payment of Deferred Maintenance Costs. Not more frequently than once each Interest Accrual Period, and provided that no Event of Default has occurred and is continuing, Borrower may notify Lender in writing and request that Lender release to Borrower funds from the Deferred Maintenance Sub-Account, to the extent funds are available therein, for payment of Deferred Maintenance Costs. Together with each such request, Borrower shall furnish Lender with copies of bills and other documentation reasonably required by Lender to establish that such Deferred Maintenance Costs are reasonable, that the work relating thereto has been completed and that such amounts are then due or have been paid. Lender shall approve or disapprove such request within ten (10) Business Days after Lender’s receipt of such request, provided such request shall be deemed approved if no response is received from Lender within twenty (20) Business Days after Lender’s receipt of such request and related documentation, and, if approved or deemed approved, Lender shall release the funds to each applicable Borrower or such Borrower’s designee within ten (10) Business Days after Lender’s approval.

Payment of Deferred Maintenance Costs. Not more frequently than once each Interest Accrual Period, and provided that no Event of Default has occurred and is continuing, Borrower may notify Lender in writing and request that Lender release to Borrower funds from the Deferred Maintenance Sub-Account, to the extent funds are available therein, for payment of Deferred Maintenance Costs. Together with each such request, Borrower shall furnish Lender with copies of bills and other documentation reasonably required by Lender to establish that such Deferred Maintenance Costs are reasonable, that the work relating thereto has been completed and that such amounts are then due or have been paid. Lender shall approve or disapprove such request within ten (10) Business Days after Lender’s 's receipt of such request, provided such request shall be deemed approved if no response is received from Lender within twenty (20) Business Days after Lender’s 's receipt of such request and related documentation, and, if approved or deemed approved, Lender shall release the funds to each applicable Borrower or such Borrower’s 's designee within ten (10) Business Days after Lender’s 's approval.

Payment of Deferred Maintenance Costs. Not more frequently than once each Interest Accrual Period, Period and provided that no Event of Default has occurred and is continuing, Borrower may notify Lender in writing and request that Lender release to Borrower or its designee funds from out of the Deferred Maintenance Sub-Account, Account to the extent funds are available therein, therein for payment of Deferred Maintenance Costs. Together with each such request, Borrower shall furnish Lender with copies a certificate stating that an item of bills and other documentation reasonably required by Lender to establish that such Deferred Maintenance Costs are reasonable, that the work relating thereto deferred maintenance listed on Exhibit D has been completed and that stating the cost to complete such amounts are then due or have been paiditem. Lender shall approve or disapprove such request within ten (10) Business Days after If Lender’s receipt of such request, provided such request shall be deemed approved if no response 's approval is received from Lender within twenty (20) Business Days after Lender’s receipt of such request and related documentation, and, if approved or deemed approvedgranted, Lender shall release the funds to each applicable Borrower or such Borrower’s its designee within ten (10) Business Days after days of Lender’s 's approval. Upon satisfactory completion of the repairs identified on Exhibit D attached hereto, as determined by Lender in its reasonable discretion, and provided no Event of Default has occurred and is continuing, Lender shall release to Borrower all amounts remaining in the Deferred Maintenance Sub-Account.

Payment of Deferred Maintenance Costs. Not more frequently than once each Interest Accrual Period, and provided that no Event of Default has occurred and is continuing, Borrower may notify Lender in writing and request that Lender release to Borrower funds from the Deferred Maintenance Sub-Account, to the extent funds are available therein, for payment of Deferred Maintenance Costs. Together with each such request, Borrower shall furnish Lender with copies of bills and other documentation reasonably required by Lender to establish that such Deferred Maintenance Costs are reasonable, that the work relating thereto has been completed and that such amounts are then due or have been paid. Lender shall approve or disapprove such request within ten (10) Business Days after Lender’s receipt of such request, provided such request shall be deemed approved if no response is received from Lender within twenty (20) Business Days after Lender’s receipt of such request and related documentation, and, if approved or deemed approved, Lender shall release the funds to each applicable Borrower or such Borrower’s designee within ten (10) Business Days after Lender’s approval.

Payment of Deferred Maintenance Costs. Not more frequently than once each Interest Accrual Period, Period and provided that no Event of Default has occurred and is continuing, Borrower may notify Lender in writing and request that Lender release to Borrower or its designee funds from out of the Deferred Maintenance Sub-Account, Account to the extent funds are available therein, therein for payment of Deferred Maintenance Costs. Together with each such request, Borrower shall furnish Lender with copies a certificate stating that an item of bills and other documentation reasonably required by Lender to establish that such Deferred Maintenance Costs are reasonable, that the work relating thereto deferred maintenance listed on Exhibit C has been completed and that stating the cost to complete such amounts are then due or have been paiditem. Lender shall approve or disapprove such request within ten (10) Business Days after If Lender’s receipt of such request, provided such request shall be deemed approved if no response 's approval is received from Lender within twenty (20) Business Days after Lender’s receipt of such request and related documentation, and, if approved or deemed approvedgranted, Lender shall release the funds to each applicable Borrower or such Borrower’s its designee within ten (10) Business Days after days of Lender’s 's approval. Upon satisfactory completion of the repairs identified on Exhibit C attached hereto, as determined by Lender in its reasonable discretion, and provided no Event of Default has occurred and is continuing, Lender shall release to Borrower all amounts remaining in the Deferred Maintenance Sub-Account.