Common use of Replacement Reserve Clause in Contracts

Replacement Reserve. As provided in the Article 12 of the EUL, Landlord agrees to notify VA as required thereunder that in lieu of a Funded Maintenance Account, a Replacement Reserve Account shall be maintained as to the Premises. Landlord and Tenant agree to cooperate to ensure that the Premises comply with Article 12 of the EUL; provided, that, the parties specifically agree to cooperate to insure that (i) the provisions of Article 12, Section F shall be applicable to the Premises and (ii) that compliance with the funded maintenance or replacement reserve provisions of the VA Sublease shall constitute compliance with Article 12 of the EUL.

Replacement Reserve. As provided in the Article 12 of the EUL, Landlord Xxxxxxxx agrees to notify VA as required thereunder that in lieu of a Funded Maintenance Account, a Replacement Reserve Account shall be maintained as to the Premises. Landlord and Tenant Xxxxxx agree to cooperate to ensure insure that the Premises comply with Article 12 of the EUL; provided, that, the parties specifically agree to cooperate to insure that (i) the provisions of Article 12, Section F shall be applicable to the Premises and (ii) that compliance with the funded maintenance or replacement reserve provisions of the VA Sublease shall constitute compliance with Article 12 of the EUL.

Replacement Reserve. As provided in the Article 12 of the EUL, Landlord agrees to notify VA as required thereunder that in lieu of a Funded Maintenance Account, a Replacement Reserve Account shall be maintained as to the Premises. Landlord and Tenant agree to cooperate to ensure insure that the Premises comply with Article 12 of the EUL; provided, that, the parties specifically agree to cooperate to insure that (i) the provisions of Article 12, Section F shall be applicable to the Premises and (ii) that compliance with the funded maintenance or replacement reserve provisions of the VA Sublease shall constitute compliance with Article 12 of the EUL.