Common use of Security Interest in Reserves; Other Matters Pertaining to Reserves Clause in Contracts

Security Interest in Reserves; Other Matters Pertaining to Reserves. 72 Section 6.2 Funds Deposited with Lender/Special Jekyll Island Reserves ........... 72 Section 6.3 FF&E Reserve ......................................................... 73 Section 6.4 Capital Improvement Reserve; Required Capital Improvements ........... 74 Section 6.5 Hazardous Materials Remediation Reserve .............................. 75 Section 6.6 Conditions to Disbursements from Hazardous Materials Remediation Reserve, Capital Improvement Reserve and the Jekyll Island Special Reserves; Performance of Work ........................................ 75 Section 6.7 Cash Trap Reserve .................................................... 77 Section 6.8 Substitute Cash Management Agreement ................................. 77 ARTICLE VII LOCK BOX; CASH MANAGEMENT ...................................................... 78 Section 7.1 Establishment of Deposit Account and Lock Box Account ................ 78 Section 7.2 Application of Funds in Lock Box Account ............................. 80 Section 7.3 Application of Funds After Event of Default .......................... 80 Section 7.4 Mortgage Loan Lock Box ............................................... 80

Security Interest in Reserves; Other Matters Pertaining to Reserves. 72 Section .. 58 SECTION 6.2 Funds Deposited with Lender/Special Jekyll Island Reserves ........... 72 Section ............................................ 59 SECTION 6.3 FF&E Reserve ......................................................... 73 Section Reserve........................................................... 59 SECTION 6.4 Capital Improvement Reserve; Required Capital Improvements ........... 74 Section Improvements............. 59 SECTION 6.5 Hazardous Materials Remediation Reserve .............................. 75 Section Reserve................................ 59 SECTION 6.6 Conditions to Disbursements from Hazardous Materials Remediation Reserve, Capital Improvement Reserve and the Jekyll Island Special Reserves; Performance of Work ........................................ 75 Section Materials................... 60 SECTION 6.7 Cash Trap Reserve .................................................... 77 Section Reserve...................................................... 62 SECTION 6.8 Substitute Cash Management Agreement ................................. 77 Agreement................................... 62 ARTICLE VII LOCK BOX; CASH MANAGEMENT ...................................................... 78 Section MANAGEMENT............................................................ 63 SECTION 7.1 Establishment of Deposit Account and Lock Box Account ................ 78 Section Account...................................... 63 SECTION 7.2 Application of Funds in Lock Box Account ............................. 80 Section Account............................... 63 SECTION 7.3 Application of Funds After Event of Default .......................... 80 Section Default............................ 63 SECTION 7.4 Mortgage Loan Lock Box ............................................... 80Box................................................. 64

Security Interest in Reserves; Other Matters Pertaining to Reserves. .. 72 Section 6.2 Funds Deposited with Lender/Special Jekyll Island Reserves ........... Reserves.............. 72 Section 6.3 FF&E Reserve ......................................................... ........................................................... 73 Section 6.4 Capital Improvement Reserve; Required Capital Improvements ........... Improvements.............. 74 Section 6.5 Hazardous Materials Remediation Reserve .............................. Reserve................................. 75 Section 6.6 Conditions to Disbursements from Hazardous Materials Remediation Reserve, Capital Improvement Reserve and the Jekyll Island Special Reserves; Performance of Work ........................................ Work........................................... 75 Section 6.7 Cash Trap Reserve .................................................... Reserve....................................................... 77 Section 6.8 Substitute Cash Management Agreement ................................. Agreement.................................... 77 ARTICLE VII LOCK BOX; CASH MANAGEMENT ...................................................... MANAGEMENT.................................................... 78 Section 7.1 Establishment of Deposit Account and Lock Box Account ................ Account................... 78 Section 7.2 Application of Funds in Lock Box Account ............................. Account................................ 80 Section 7.3 Application of Funds After Event of Default .......................... Default............................. 80 Section 7.4 Mortgage Loan Lock Box ............................................... Box.................................................. 80