Common use of Release of Required Repair Funds Clause in Contracts

Release of Required Repair Funds. Lender shall disburse to Borrower the Required Repair Funds from the Required Repair Account from time to time upon satisfaction by Borrower of each of the following conditions: (i) Borrower shall submit a written request for payment to Lender at least fifteen (15) days prior to the date on which Borrower requests such payment be made and specifies the Required Repairs to be paid, (ii) on the date such request is

Appears in 1 contract

Samples: Loan Agreement (Highlands REIT, Inc.)

AutoNDA by SimpleDocs

Release of Required Repair Funds. Lender shall disburse to Borrower the Required Repair Funds from the Required Repair Account from time to time upon satisfaction by Borrower of each of the following conditions: (ia) Borrower shall submit a written request for payment to Lender at least fifteen thirty (1530) days prior to the date on which Borrower requests such payment be made and specifies the Required Repairs to be paid, (iib) on the date such request isis received by Lender and on the date such

Appears in 1 contract

Samples: Loan Agreement (CaliberCos Inc.)

Release of Required Repair Funds. Lender shall disburse to Borrower the Required Repair Funds from the Required Repair Account from time to time upon satisfaction by Borrower of each of the following conditions: (ia) Borrower shall submit a written request for payment to Lender at least fifteen thirty (1530) days prior to the date on which Borrower requests such payment be made and specifies the Required Repairs to be paid, (iib) on the date such request is

Appears in 1 contract

Samples: Loan Agreement (Global Income Trust, Inc.)

AutoNDA by SimpleDocs

Release of Required Repair Funds. Lender shall disburse to Borrower the all Required Repair Funds from in the Required Repair Account from time with respect to time any individual Property upon satisfaction by Borrower of each of the following conditions: (ia) Borrower shall submit a written request for payment to Lender at least fifteen (15) days Business Days prior to the date on which Borrower requests such payment be made and specifies (except in the Required Repairs to be paid, (ii) on the date such request iscase of an emergency repair which requires

Appears in 1 contract

Samples: Loan Agreement (Innkeepers Usa Trust/Fl)

Time is Money Join Law Insider Premium to draft better contracts faster.