Reserves/Escrows Sample Clauses
The Reserves/Escrows clause establishes requirements for setting aside specific funds to cover anticipated obligations or potential liabilities under an agreement. Typically, this clause details how much money must be held in reserve or escrow, who controls the account, and under what conditions the funds may be released, such as for repairs, taxes, or to resolve disputes. Its core function is to ensure that sufficient resources are available to meet certain financial commitments, thereby reducing risk and providing assurance to the parties involved.
Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies.
Reserves/Escrows. From and after a Securitization and to the extent required by Lender, all funds held by Lender or Servicer in escrow or pursuant to reserves in accordance with this Security Instrument and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies.
Reserves/Escrows. The Lender shall have the right, if required by the transferee of the Loan or any Participation, to cause funds held by the Lender in escrow or as reserves to be transferred to deposit or investment accounts at creditworthy financial institutions, to be held or used in accordance with the Loan Documents.
Reserves/Escrows. Section 11.4. Servicer Section 11.5. Rating Agency Costs and REMIC Savings Clause Section 11.6. Mezzanine Option Section 11.7. Conversion to Registered Form Section 11.8 Borrower’s Cost of Compliance
Reserves/Escrows. Section 11.4. Servicer
Reserves/Escrows. If Securities are issued in connection with the Loan, all funds held by Mortgagee in escrow or pursuant to reserves in accordance with this Security Instrument or the Other Security Instruments shall be deposited in eligible accounts at eligible institutions as then defined and required by the Rating Agencies.
Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in
Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Security Instrument or the Other Security Documents shall be deposited in eligible accounts at eligible institutions as then defined and required by the Rating Agencies. - Costs Performance at Borrower's Expense. Borrower acknowledges and confirms that Lender shall impose certain administrative processing and/or commitment fees in connection with (a) the extension, renewal, modification, amendment and termination of the Loan, (b) the release or substitution of collateral therefor, (c) obtaining certain consents, waivers and approvals with respect to the Property, or (d) the review of any Lease or proposed Lease or the preparation or review of any subordination, non-disturbance agreement (the occurrence of any of the above shall be called an "Event"). Borrower further acknowledges and confirms that it shall be responsible for the payment of all costs of reappraisal of the Property or any part thereof, whether required by law, regulation, Lender or any governmental or quasi-governmental authority. Borrower hereby acknowledges and agrees to pay, immediately, with or without demand, all such fees (as the same may be increased or decreased from time to time), and any additional fees of a similar type or nature which may be imposed by Lender from time to time, upon the occurrence of any Event or otherwise. Wherever it is provided for herein that Borrower pay any costs and expenses, such costs and expenses shall include, but not be limited to, all reasonable legal fees of Lender.