Examples of FF&E Reserve Funds in a sentence

All interest on FF&E Reserve Funds shall be for the benefit of Tenant and added to and become a part of the FF&E Reserve and shall be disbursed in the same manner as other monies deposited in the FF&E Reserve.
Lender shall not be required to disburse FF&E Reserve Funds more frequently than once each calendar month, and Lender shall not be required to make disbursements from the FF&E Reserve Account unless such requested disbursement is in an amount greater than $10,000 (or a lesser amount if the total amount in the FF&E Reserve Account is less than $10,000, in which case only one disbursement of the amount remaining in the account shall be made).
Tenant shall be responsible for payment of any federal, state or local income or other tax applicable to the interest earned on the FF&E Reserve Funds credited or paid to Tenant.
Lender shall not be required to disburse FF&E Reserve Funds more frequently than once each calendar month, on the same day of such month as any other Reserve Funds are being disbursed in accordance with the terms hereof.
Landlord shall have the right to collaterally assign the security interest granted to Landlord in the FF&E Reserve and FF&E Reserve Funds to any Fee Mortgagee.

More Definitions of FF&E Reserve Funds

FF&E Reserve Funds. 6.5.1 “FF&E Work” - 6.5.1

FF&E Reserve Funds. All interest on the FF&E Reserve Funds shall be added to and become a part thereof and shall be disbursed in accordance with Section 7.5.2 below.

FF&E Reserve Funds. Funds collected each month by Agent for FF&E Work.

FF&E Reserve Funds shall have the meaning set forth in Section 4.2 hereof. “FF&E Reserve Subaccount” has the meaning given in the Cash Management Agreement. “FF&E Reserve Monthly Deposit” shall have the meaning set forth in Section 4.2 hereof. “FIRRMA” shall have the meaning set forth in the definition of “DPA” hereof. “Fixed Rate” means, for any Interest Accrual Period, a rate per annum equal to the greater of (a) the Prime Rate in effect on the applicable Interest Determination Date, and (b) the NYFRB Rate in effect on such Interest Determinations Date. Any change in the Substitute Base Rate due to a change in the Prime Rate or the NYFRB Rate shall be effective from and including the effective date of such change in the Prime Rate or the NYFRB Rate. For the avoidance of doubt, if the Fixed Rate as determined above would be less than three and three-quarters percent (3.75%) per annum, such rate shall be deemed to be three and three-quarters percent (3.75%) per annum. “Flood Insurance Acts” shall have the meaning set forth in Section 9.1 hereof. “Food License” means any licenses or permits required by any Governmental Authority in order to operate any food or beverage service or establishment at the Property, including, without limitation, in-room dining at the Hotel. “Franchise Agreement” shall mean, individually and/or collectively, as the context may require, (i) that certain Franchise Agreement, dated as of November 8, 2016, by and between

FF&E Reserve Funds. 6.9.1 “FF&E Work” - 6.9.1 “Financial Statements” - 3.1.10 “Franchisor” - 1.1 (Definition of Franchise Agreement) “Full Defeasance” - 2.4.2(a) “Government Lists” - 4.32(b) “Improvements” - Mortgages “Indemnified Liabilities” - 4.30

FF&E Reserve Funds has the meaning specified in Section 3(d).

FF&E Reserve Funds. Notwithstanding the foregoing, no FF&E Reserve Funds shall be required to be funded in respect of a Collateral Asset so long as an FF&E reserve in respect of such Collateral Asset with funding requirements at least equal to funding requirements hereunder in respect of such Collateral Asset is maintained with a Brand Manager that has granted a security interest in all such FF&E reserve funds to the Agent pursuant to documentation in form and substance acceptable to the Agent (the “FF&E Exception”).