Common use of Replacement Reserves Clause in Contracts

Replacement Reserves. The replacement reserve requirements with respect to each Mortgaged Property as set forth in the related Reimbursement Security Documents have been funded in accordance with the Reimbursement Security Documents.

Appears in 3 contracts

Sources: Multifamily SCR Debt Agreement, Multifamily SCR Debt Agreement, Multifamily SCR Debt Agreement