Rent Reserve. ...29 Report...........................................................................................................29
Rent Reserve the aggregate of (a) all past due rent and other past due charges owing by any Borrower to any landlord or other Person who possesses any Collateral or has the right to assert a Lien on any Collateral; plus (b) a reserve in an amount not to exceed rent and other charges that the Agent determines, in its Permitted Discretion (but in any event, not more than three months’ rent), could reasonably be expected to be payable to any such Person for the time period used to determine and realize the Net Orderly Liquidation Value of Collateral.
Rent Reserve. (a) Upon the Effective Date, the parties agree to create a reserve account (the “Rent Reserve”) which Tenant hereby pledges to Landlord as further security for payment of Rent.
Rent Reserve. At the Closing, Seller agrees to deliver to Tenant TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00) (the "Rent Reserve") of the Purchase Price paid to Seller to be held by Tenant as a reserve for rent shortfalls under the Lease Agreement as set forth in the Side Letter attached hereto as Exhibit B.
Rent Reserve. (a) Borrowers shall deposit with Lender on the date hereof $61,775.10, representing the amount of future rent credits or abatements under existing Leases (the “Rent Concession Reserve Funds”). So long as no Event of Default has occurred and is continuing, Lender shall disburse amounts from the Rent Concession Reserve Funds as set forth on Schedule IV attached hereto.
Rent Reserve. 29 4.17 Further Assurances; Post Closing Deliveries........................... 29 4.18 Acquisitions and Ownership of Real Property........................... 32 4.19
Rent Reserve. The Borrower shall establish the Rent Reserve, which shall be fully funded by September 30, 2001 with respect to all of the real Property of the TIAA Subsidiaries subject to the TIAA Facilities as of the Effective Date. At each time after the Effective Date that any real Property of the Borrower or any of its Subsidiaries becomes subject to financing provided by TIAA which is not subject to such financing as of the Effective Date (each such parcel of real Property, when so financed with TIAA, being referred to as an "Additional TIAA Property"), the Borrower shall cause the Rent Reserve to be increased by an amount equal to five (5) months' principal and interest and impositions of the required payments of the related TIAA Financing Agreements at the time when such related TIAA Financing Agreements are executed.
Rent Reserve. (a) On July 31, 2001, Borrower shall deposited with Agent the sum of $1,500,000 in an interest bearing account, which account is pledged to Agent (the "Rent Reserve Account"). All interest on such account shall constitute income of the Borrower.
Rent Reserve. The Borrower shall establish and maintain fully funded the Rent Reserve with respect to all of the real Property of the TIAA Subsidiaries subject to the TIAA Facilities and at each time that any real Property of the Borrower or any of its Subsidiaries becomes subject to financing provided by TIAA the Borrower shall cause the Rent Reserve to be increased by an amount determined in accordance with the definition of Rent Reserve.
Rent Reserve a. Escrow Agent shall make monthly disbursements of the Escrow Funds up to the amount of the Rental Reserve for rental shortfalls attributable to Tenant during Rental Holdback Period on the terms set forth below:
