Initial Deposits definition
Initial Deposits has the meaning set forth in the sixth recital to the Note Purchase Agreement.
Initial Deposits shall have the meaning set forth in Section 3.6 hereof.
Initial Deposits means the deposits referred to in Section 3.02 (b) (i) of this Agreement;
Examples of Initial Deposits in a sentence
Borrower shall use the proceeds of the Loan to (a) repay and discharge any existing loans relating to the Property, (b) make the Initial Deposits into the Reserve Funds on the Closing Date in the amounts provided herein or in the other Loan Documents, and/or (c) pay costs and expenses incurred in connection with the closing of the Loan, as approved by Lender, each in accordance with the express terms and conditions set forth in this Agreement.
Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each Account and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
More Definitions of Initial Deposits
Initial Deposits as defined in Section 3.3.
Initial Deposits has the meaning set forth in the sixth recital to the Note Purchase Agreement. Annex A (NPA 10-1)
Initial Deposits mean the amounts described in Section I.l(a) above. The Initial Deposits, as such Initial Deposits may increase or decrease as a result of the investment and reinvestment thereof in accordance with the terms of this Agreement, plus all interest, dividends and other distributions and payments thereon (collectively, the “Distributions”) received by the Escrow Agent together with any Permitted Investments and the Escrow Account and all financial assets credited thereto are collectively referred to herein as the “Escrow Property.”
Initial Deposits as defined in Section 3.1(d).
Initial Deposits means the initial amounts to be paid into the Project Account pursuant to Section 3.03 (i) of this Agreement;