Replacement Cap Agreement. At least 60 days prior to the date on which an existing Cap Agreement terminates, Borrower will give Notice to and provide evidence satisfactory to Lender that Borrower will deliver the Replacement Cap Agreement. Borrower will ensure that the Replacement Cap Agreement is in full force and effect not later than the day immediately following the expiration of the then-existing Cap Agreement.
Appears in 4 contracts
Samples: Multifamily Loan and Security Agreement (NorthStar Healthcare Income, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)