{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dyCf3Ze7PUb", "uri": "/contracts/dyCf3Ze7PUb#required-repairs", "label": "Loan Agreement (Griffin Capital Essential Asset REIT II, Inc.)", "score": 29.3340187073, "published": true}, {"hash": "lCPziWovv3c", "uri": "/contracts/lCPziWovv3c#required-repairs", "label": "Loan Agreement (Griffin Capital Essential Asset REIT, Inc.)", "score": 28.7590694427, "published": true}], "snippet": "(a) Borrower shall make the repairs and improvements to each Individual Property as set forth on Schedule 9.1 and as more particularly described in the Property Condition Reports prepared in connection with the closing of the Loan (such repairs hereinafter referred to as \u201cRequired Repairs\u201d). Borrower shall complete the Required Repairs in a good and workmanlike manner on or before the date that is twelve (12) months from the Closing Date or within such other time frame for completion specifically set forth on Schedule 9.1.\n(b) Borrower shall establish on the date hereof an Eligible Account with Lender or Lender\u2019s agent to fund the Required Repairs (the \u201cRequired Repair Account\u201d) into which Borrower shall deposit on the date hereof the amount of $0.00. Amounts so deposited shall hereinafter be referred to as the \u201cRequired Repair Funds\u201d.\n(c) Upon the earliest to occur of (i) the timely completion of all Required Repairs and any Additional Required Repairs, if any, in accordance with the requirements of this Agreement, as verified by Lender in its reasonable discretion, (ii) the payment in full of the Debt or (iii) the earlier release of the Lien of the Mortgage (and all related obligations) in accordance with the terms of this Agreement and the other Loan Documents, provided no Event of Default is then continuing, all amounts remaining on deposit, if any, in the Required Repair Account shall be returned to Borrower.", "size": 23, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [4, 18]}, {"key": "repairs-and-improvements", "type": "clause", "offset": [28, 52]}, {"key": "individual-property", "type": "clause", "offset": [61, 80]}, {"key": "on-schedule", "type": "definition", "offset": [94, 105]}, {"key": "property-condition-reports", "type": "clause", "offset": [152, 178]}, {"key": "in-connection-with", "type": "clause", "offset": [188, 206]}, {"key": "closing-of-the-loan", "type": "clause", "offset": [211, 230]}, {"key": "complete-the", "type": "clause", "offset": [308, 320]}, {"key": "good-and-workmanlike-manner", "type": "clause", "offset": [343, 370]}, {"key": "the-closing-date", "type": "clause", "offset": [425, 441]}, {"key": "time-frame-for-completion", "type": "clause", "offset": [463, 488]}, {"key": "date-hereof", "type": "clause", "offset": [565, 576]}, {"key": "account-with", "type": "definition", "offset": [589, 601]}, {"key": "to-fund", "type": "definition", "offset": [627, 634]}, {"key": "required-repair-account", "type": "definition", "offset": [662, 685]}, {"key": "required-repair-funds", "type": "definition", "offset": [824, 845]}, {"key": "completion-of", "type": "definition", "offset": [897, 910]}, {"key": "in-accordance-with", "type": "definition", "offset": [977, 995]}, {"key": "requirements-of-this-agreement", "type": "clause", "offset": [1000, 1030]}, {"key": "by-lender", "type": "definition", "offset": [1044, 1053]}, {"key": "reasonable-discretion", "type": "definition", "offset": [1061, 1082]}, {"key": "payment-in-full", "type": "clause", "offset": [1093, 1108]}, {"key": "the-debt", "type": "clause", "offset": [1112, 1120]}, {"key": "release-of", "type": "clause", "offset": [1142, 1152]}, {"key": "the-lien", "type": "clause", "offset": [1153, 1161]}, {"key": "the-mortgage", "type": "clause", "offset": [1165, 1177]}, {"key": "related-obligations", "type": "clause", "offset": [1187, 1206]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [1245, 1283]}, {"key": "no-event-of-default", "type": "clause", "offset": [1294, 1313]}, {"key": "amounts-remaining", "type": "clause", "offset": [1338, 1355]}, {"key": "on-deposit", "type": "definition", "offset": [1356, 1366]}, {"key": "to-borrower", "type": "definition", "offset": [1425, 1436]}], "hash": "3817e4f41d57a22eefa5c212ea1d9ef6", "id": 1}, {"samples": [{"hash": "2BBNlejdofO", "uri": "/contracts/2BBNlejdofO#required-repairs", "label": "Loan Agreement (MPG Office Trust, Inc.)", "score": 24.2087612152, "published": true}, {"hash": "iJB3J3kLciY", "uri": "/contracts/iJB3J3kLciY#required-repairs", "label": "Loan Agreement (Maguire Properties Inc)", "score": 21.0, "published": true}, {"hash": "dn0hxDEoiHW", "uri": "/contracts/dn0hxDEoiHW#required-repairs", "label": "Loan Agreement (Maguire Properties Inc)", "score": 21.0, "published": true}], "snippet": "Borrower shall make the repairs and improvements to the Property set forth on Schedule I and as more particularly described in the Property Condition Report prepared in connection with the closing of the Loan (such repairs hereinafter referred to as \u201cRequired Repairs\u201d). Borrower shall complete the Required Repairs in a good and workmanlike manner on or before the date that is twelve (12) months from the date hereof or within such other time frame for completion specifically set forth on Schedule I attached hereto.", "size": 13, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "improvements-to-the-property", "type": "clause", "offset": [36, 64]}, {"key": "schedule-i", "type": "definition", "offset": [78, 88]}, {"key": "property-condition-report", "type": "definition", "offset": [131, 156]}, {"key": "in-connection-with", "type": "clause", "offset": [166, 184]}, {"key": "closing-of-the-loan", "type": "clause", "offset": [189, 208]}, {"key": "complete-the", "type": "clause", "offset": [286, 298]}, {"key": "good-and-workmanlike-manner", "type": "clause", "offset": [321, 348]}, {"key": "date-hereof", "type": "clause", "offset": [407, 418]}, {"key": "time-frame-for-completion", "type": "clause", "offset": [440, 465]}], "hash": "824db9bdcd656d95df78ecc4fb880e8d", "id": 2}, {"samples": [{"hash": "grNg4GmqTop", "uri": "/contracts/grNg4GmqTop#required-repairs", "label": "Junior Mezzanine Loan Agreement (Felcor Lodging Trust Inc)", "score": 18.0, "published": true}, {"hash": "eBuO1tRQTg0", "uri": "/contracts/eBuO1tRQTg0#required-repairs", "label": "Mezzanine Loan Agreement (Felcor Lodging Trust Inc)", "score": 18.0, "published": true}], "snippet": "Borrower shall, or shall cause Mortgage Borrower to, perform the Required Repairs in accordance with all of the terms and conditions set forth in Section 7.1 of the Mortgage Loan Agreement.", "size": 9, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "mortgage-borrower", "type": "definition", "offset": [31, 48]}, {"key": "in-accordance-with", "type": "definition", "offset": [82, 100]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [108, 132]}, {"key": "section-71", "type": "definition", "offset": [146, 157]}, {"key": "mortgage-loan-agreement", "type": "definition", "offset": [165, 188]}], "hash": "1260c6af0df3f9a1d1f1e236e1ea6734", "id": 4}, {"samples": [{"hash": "jGtGYUsCP1Q", "uri": "/contracts/jGtGYUsCP1Q#required-repairs", "label": "Loan Agreement (Excel Trust, L.P.)", "score": 26.5934295654, "published": true}, {"hash": "iW47vAJGMIH", "uri": "/contracts/iW47vAJGMIH#required-repairs", "label": "Loan Agreement (Excel Trust, L.P.)", "score": 26.5934295654, "published": true}], "snippet": "Borrower shall perform all of the repairs (on an Individual Property by Individual Property basis) at the applicable Individual Properties, as more particularly set forth on Schedule 5.1.32 hereto (such repairs hereinafter referred to as \u201cRequired Repairs\u201d) (i) in compliance with all applicable Legal Requirements, (ii) in a Lien-free, good and workmanlike manner and (iii) prior to the date set forth on Schedule 5.1.32 with respect to such Required Repairs (each such date, a \u201cRequired Repair Deadline\u201d). It shall constitute an Event of Default if Borrower does not complete each Required Repair by the applicable Required Repair Deadline, provided that, if Borrower shall have been unable to complete a Required Repair by the applicable Required Repair Deadline, after using commercially reasonable efforts to do so, including, without limitation, if caused by delays due to weather or force majeure, such Required Repair Deadline shall be automatically extended solely as to such Required Repair to permit Borrower to complete such Required Repair so long as Borrower is at all times thereafter diligently and expeditiously proceeding to complete the same. Notwithstanding the foregoing, to the extent any Required Repair is the responsibility of a Tenant pursuant to a Lease, Borrower shall be obligated only to use commercially reasonably efforts to have such Tenant complete such Required Repair on or prior to the Required Repair Deadline.", "size": 6, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "individual-property", "type": "clause", "offset": [49, 68]}, {"key": "individual-properties", "type": "definition", "offset": [117, 138]}, {"key": "on-schedule", "type": "definition", "offset": [171, 182]}, {"key": "in-compliance-with", "type": "definition", "offset": [262, 280]}, {"key": "applicable-legal-requirements", "type": "definition", "offset": [285, 314]}, {"key": "good-and-workmanlike-manner", "type": "clause", "offset": [337, 364]}, {"key": "prior-to-the", "type": "clause", "offset": [375, 387]}, {"key": "with-respect-to", "type": "clause", "offset": [422, 437]}, {"key": "required-repair-deadline", "type": "definition", "offset": [480, 504]}, {"key": "if-borrower", "type": "clause", "offset": [548, 559]}, {"key": "provided-that", "type": "clause", "offset": [643, 656]}, {"key": "commercially-reasonable-efforts", "type": "definition", "offset": [779, 810]}, {"key": "without-limitation", "type": "clause", "offset": [832, 850]}, {"key": "caused-by", "type": "clause", "offset": [855, 864]}, {"key": "force-majeure", "type": "definition", "offset": [890, 903]}, {"key": "at-all-times", "type": "definition", "offset": [1076, 1088]}, {"key": "complete-the", "type": "clause", "offset": [1143, 1155]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1162, 1191]}, {"key": "to-the-extent", "type": "clause", "offset": [1193, 1206]}, {"key": "responsibility-of", "type": "clause", "offset": [1234, 1251]}, {"key": "pursuant-to-a", "type": "definition", "offset": [1261, 1274]}, {"key": "commercially-reasonably-efforts", "type": "definition", "offset": [1322, 1353]}], "hash": "20dcbd13771bb69e9db3ab86db6c81c3", "id": 5}, {"samples": [{"hash": "usgnyNcLzJ", "uri": "/contracts/usgnyNcLzJ#required-repairs", "label": "First Mezzanine Loan Agreement (Clipper Realty Inc.)", "score": 28.0828208923, "published": true}, {"hash": "5UGtngvMWqt", "uri": "/contracts/5UGtngvMWqt#required-repairs", "label": "Loan Agreement (Clipper Realty Inc.)", "score": 28.0828208923, "published": true}, {"hash": "g3XzARkPf4A", "uri": "/contracts/g3XzARkPf4A#required-repairs", "label": "Loan Agreement (Clipper Realty Inc.)", "score": 26.9739894867, "published": true}], "snippet": "Borrower shall perform the repairs and other work at the Properties as set forth on Schedule II (such repairs and other work hereinafter referred to as \u201cRequired Repairs\u201d) and shall complete each of the Required Repairs on or before the respective deadline for each repair as set forth on Schedule II.", "size": 12, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "repairs-and-other-work", "type": "clause", "offset": [27, 49]}, {"key": "the-properties", "type": "definition", "offset": [53, 67]}, {"key": "schedule-ii", "type": "clause", "offset": [84, 95]}], "hash": "a073e4f1b1d1f25e9e0138caa0db7cef", "id": 3}, {"samples": [{"hash": "4MnOWSxY5Cw", "uri": "/contracts/4MnOWSxY5Cw#required-repairs", "label": "Loan Agreement (Glimcher Realty Trust)", "score": 21.3422317505, "published": true}], "snippet": "(a) Borrower shall make the repairs and improvements to the Property set forth on Schedule 9.1 and as more particularly described in the Property Condition Report prepared in connection with the closing of the Loan (such repairs hereinafter referred to as \u201cRequired Repairs\u201d). Borrower shall complete the Required Repairs in a good and workmanlike manner on or before the date that is twelve (12) months from the date hereof or within such other time frame for completion specifically set forth on Schedule 9.1.\n(b) Borrower shall establish on the date hereof an Eligible Account with Lender or Lender\u2019s agent to fund the Required Repairs (the \u201cRequired Repair Account\u201d) into which Borrower shall deposit on the date hereof the amount of $328,125, which amount equals 125% of the estimated cost for the completion of the Required Repairs. Amounts so deposited shall hereinafter be referred to as the \u201cRequired Repair Funds.\u201d", "size": 6, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [4, 18]}, {"key": "improvements-to-the-property", "type": "clause", "offset": [40, 68]}, {"key": "on-schedule", "type": "definition", "offset": [79, 90]}, {"key": "property-condition-report", "type": "definition", "offset": [137, 162]}, {"key": "in-connection-with", "type": "clause", "offset": [172, 190]}, {"key": "closing-of-the-loan", "type": "clause", "offset": [195, 214]}, {"key": "complete-the", "type": "clause", "offset": [292, 304]}, {"key": "good-and-workmanlike-manner", "type": "clause", "offset": [327, 354]}, {"key": "date-hereof", "type": "clause", "offset": [413, 424]}, {"key": "time-frame-for-completion", "type": "clause", "offset": [446, 471]}, {"key": "account-with", "type": "definition", "offset": [572, 584]}, {"key": "to-fund", "type": "definition", "offset": [610, 617]}, {"key": "required-repair-account", "type": "definition", "offset": [645, 668]}, {"key": "estimated-cost", "type": "clause", "offset": [780, 794]}, {"key": "completion-of-the", "type": "clause", "offset": [803, 820]}, {"key": "required-repair-funds", "type": "definition", "offset": [901, 922]}], "hash": "90cddb0a0254935fc8101709ebdfff17", "id": 6}, {"samples": [{"hash": "9L4W8EvYbxR", "uri": "/contracts/9L4W8EvYbxR#required-repairs", "label": "Loan Agreement", "score": 31.3408622742, "published": true}, {"hash": "j1g6KHIsiFU", "uri": "/contracts/j1g6KHIsiFU#required-repairs", "label": "Loan Agreement (Spirit Realty Capital, Inc.)", "score": 23.4339485168, "published": true}], "snippet": "Borrower has timely and fully completed the Required Repairs described in Section 7.1.1 of and Schedule II to the Loan Agreement, and has provided evidence of such completion to Lender or to any of Lender\u2019s predecessors-in-interest.", "size": 5, "snippet_links": [{"key": "section-711", "type": "clause", "offset": [74, 87]}, {"key": "schedule-ii", "type": "clause", "offset": [95, 106]}, {"key": "the-loan-agreement", "type": "clause", "offset": [110, 128]}, {"key": "evidence-of", "type": "definition", "offset": [147, 158]}, {"key": "to-lender", "type": "clause", "offset": [175, 184]}, {"key": "of-lender", "type": "clause", "offset": [195, 204]}], "hash": "f52bdb4b94f462ee0751afb9a946c6da", "id": 7}, {"samples": [{"hash": "iN8DpCMBu87", "uri": "/contracts/iN8DpCMBu87#required-repairs", "label": "Loan Agreement (Corporate Property Associates 15 Inc)", "score": 18.0, "published": true}, {"hash": "hbrgLSwjMzI", "uri": "/contracts/hbrgLSwjMzI#required-repairs", "label": "Loan Agreement (Corporate Property Associates 16 Global Inc)", "score": 18.0, "published": true}], "snippet": "80 Section 9.2 Replacements .......................................................................... 80 Section 9.3", "size": 5, "snippet_links": [{"key": "section-92", "type": "clause", "offset": [3, 14]}, {"key": "section-93", "type": "clause", "offset": [106, 117]}], "hash": "7134f579ef04b4743f39f8afc72d9bd3", "id": 8}, {"samples": [{"hash": "gNRkeRK3vVA", "uri": "/contracts/gNRkeRK3vVA#required-repairs", "label": "Loan Agreement (Gladstone Commercial Corp)", "score": 21.0, "published": true}], "snippet": "(a) Borrower shall make the repairs and improvements to the Property set forth on Schedule I and as more particularly described in the Property Condition Report prepared in connection with the closing of the Loan (such repairs hereinafter referred to as \u201cRequired Repairs\u201d). Borrower shall complete the Required Repairs in a good and workmanlike manner on or before the date that is twelve (12) months from the date hereof or within such other time frame for completion specifically set forth on Schedule I.\n(b) Borrower shall establish on the date hereof an Eligible Account with Lender or Lender\u2019s agent to fund the Required Repairs (the \u201cRequired Repair Account\u201d) into which Borrower shall deposit on the date hereof the amount of $0.00. Amounts so deposited shall hereinafter be referred to as the \u201cRequired Repair Funds.\u201d", "size": 5, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [4, 18]}, {"key": "improvements-to-the-property", "type": "clause", "offset": [40, 68]}, {"key": "schedule-i", "type": "definition", "offset": [82, 92]}, {"key": "property-condition-report", "type": "definition", "offset": [135, 160]}, {"key": "in-connection-with", "type": "clause", "offset": [170, 188]}, {"key": "closing-of-the-loan", "type": "clause", "offset": [193, 212]}, {"key": "complete-the", "type": "clause", "offset": [290, 302]}, {"key": "good-and-workmanlike-manner", "type": "clause", "offset": [325, 352]}, {"key": "date-hereof", "type": "clause", "offset": [411, 422]}, {"key": "time-frame-for-completion", "type": "clause", "offset": [444, 469]}, {"key": "account-with", "type": "definition", "offset": [568, 580]}, {"key": "to-fund", "type": "definition", "offset": [606, 613]}, {"key": "required-repair-account", "type": "definition", "offset": [641, 664]}, {"key": "required-repair-funds", "type": "definition", "offset": [803, 824]}], "hash": "4aad30551f3af7b66402877e2a851fc2", "id": 9}, {"samples": [{"hash": "eX8O4dU09cq", "uri": "/contracts/eX8O4dU09cq#required-repairs", "label": "Loan Agreement (Banyan Strategic Realty Trust)", "score": 18.0, "published": true}, {"hash": "5kxm1KZioB4", "uri": "/contracts/5kxm1KZioB4#required-repairs", "label": "Loan Agreement (Banyan Strategic Realty Trust)", "score": 18.0, "published": true}], "snippet": "DEPOSITS. Borrower shall perform the repairs at the Property set forth on SCHEDULE 2 annexed hereto (the \"Required Repairs\"). Borrower shall complete each of the Required Repairs on or before the deadline for same set forth on SCHEDULE 2. On the Closing Date, Borrower shall deposit with Lender the amount set forth on SCHEDULE 2 hereto to perform the Required Repairs for the Property. Amounts so deposited with Lender (the \"Required Repair Fund\") shall be held by Lender in an account (the \"Required Repair Account\") in Lender's name at a financial institution selected by Lender in its sole discretion and shall be invested in Permitted Investments.", "size": 4, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [10, 24]}, {"key": "the-property", "type": "clause", "offset": [48, 60]}, {"key": "schedule-2", "type": "definition", "offset": [74, 84]}, {"key": "the-closing-date", "type": "clause", "offset": [242, 258]}, {"key": "deposit-with-lender", "type": "clause", "offset": [275, 294]}, {"key": "required-repair-fund", "type": "definition", "offset": [426, 446]}, {"key": "by-lender", "type": "definition", "offset": [463, 472]}, {"key": "required-repair-account", "type": "definition", "offset": [493, 516]}, {"key": "financial-institution", "type": "definition", "offset": [541, 562]}, {"key": "sole-discretion", "type": "definition", "offset": [589, 604]}, {"key": "permitted-investments", "type": "definition", "offset": [630, 651]}], "hash": "51ce6dc727f8f797bfb2c9feadbdcf21", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlyZXF1aXJlZC1yZXBhaXJzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["deposits", "Deposits"], ["release-of-required-repair-funds", "Release of Required Repair Funds"], ["completion-of-required-repairs", "Completion of Required Repairs"], ["required-repairs-reserves", "Required Repairs Reserves"], ["insurance", "Insurance"]], "parents": [["reserve-funds", "Reserve Funds"], ["restoration", "Restoration"], ["cash-management-and-reserves", "Cash Management and Reserves"], ["borrower-covenants", "Borrower Covenants"], ["affirmative-covenants", "Affirmative Covenants"]], "size": 319, "title": "Required Repairs", "id": "required-repairs", "related": [["release-of-required-repair-funds", "Release of Required Repair Funds", "Release of Required Repair Funds"], ["repairs", "Repairs", "Repairs"], ["alterations-and-repairs", "Alterations and Repairs", "Alterations and Repairs"], ["landlords-repairs", "Landlord\u2019s Repairs", "Landlord\u2019s Repairs"], ["tenant-repairs", "Tenant Repairs", "Tenant Repairs"]], "related_snippets": [], "updated": "2026-07-01T04:28:54+00:00"}, "json": true, "cursor": ""}}