Repairs and Restoration. Covenants. Initial Deposits to Replacement Reserve Account, Repairs Escrow Account, and Restoration Reserve Account. On the Effective Date, Borrower shall pay to Lender: the Initial Replacement Reserve Deposit for deposit into the Replacement Reserve Account; and the Repairs Escrow Deposit for deposit into the Repairs Escrow Account. After an event of loss, Borrower shall deliver or cause to be delivered to Lender any insurance proceeds received under any insurance policy required to be maintained in accordance with Article 9.
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Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
Repairs and Restoration. Covenants. Initial Deposits to Replacement Reserve Account, Repairs Escrow Account, and Restoration Reserve Account. On the Effective Date, Borrower shall pay to Lender: the Initial Replacement Reserve Deposit for deposit into the Replacement Reserve Account; and the Repairs Escrow Deposit for deposit into the Repairs Escrow Account. After an event of lossloss (except as set forth in Section 9.3(kkkk)(2)), Borrower shall deliver or cause to be delivered to Lender any insurance proceeds received under any insurance policy required to be maintained in accordance with Article 9.
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