Replacement Reserves. Each Collateral Pool Borrower has executed a Replacement Reserve Agreement for each of the Mortgaged Properties in the respective Collateral Pool and shall (unless waived by Fannie Mae) make all deposits for replacement reserves in accordance with the terms of the Replacement Reserve Agreement.
Appears in 2 contracts
Sources: Master Credit Facility Agreement (Avalonbay Communities Inc), Master Credit Facility Agreement (Erp Operating LTD Partnership)
Replacement Reserves. Each Collateral Pool Borrower has executed and IDOT Guarantor, as applicable, shall execute a Replacement Reserve Agreement for each of the Mortgaged Properties in the respective Collateral Pool and shall (unless waived by Fannie Maethe Lender) make all deposits for replacement reserves in accordance with the terms of the Replacement Reserve Agreement.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Archstone Smith Operating Trust)