Leasing Reserve Funds definition

Leasing Reserve Funds shall have the meaning set forth in Section 8.3 hereof.
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Leasing Reserve Funds shall have the meaning set forth in Section 7.4 hereof. “Leasing Reserve Monthly Deposit” shall have the meaning set forth in Section 7.4 hereof. “Legal Requirements” shall mean all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees, demands and injunctions of Governmental Authorities affecting the Loan, any Secondary Market Transaction with respect to the Loan, Borrower, any Guarantor or the Property or any part thereof or the ownership, construction, alteration, use, management or operation of the Property or any part thereof, whether now or hereafter enacted and in force, including, without limitation, the Securities Act, the Exchange Act, Regulation AB, the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act, zoning and land use laws and the Americans with Disabilities Act of 1990, the rules and regulations promulgated pursuant to any of the foregoing, and all permits, licenses and authorizations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instruments, either of record or known to Borrower, at any time in force affecting Borrower, any Guarantor or the Property or any part thereof, including, without limitation, any which may (i) require repairs, modifications or alterations in or to the Property or any part thereof or (ii) in any way limit the use and enjoyment thereof.
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Leasing Reserve Funds shall have the meaning set forth in Section 8.3 hereof. “Leasing Reserve Monthly Deposit” shall have the meaning set forth in Section 8.3 hereof.
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Examples of Leasing Reserve Funds in a sentence

  • All Leasing Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Leasing Reserve Account”) which, during the continuation of a Cash Trap Event Period, may be a sub-account of the Cash Management Account.

  • Amounts deposited pursuant to this Section 8.3 are referred to herein as the "Leasing Reserve Funds".

  • Provided no Event of Default has occurred and is continuing, Lender shall disburse Existing TI/LC Reserve Funds as set forth on Schedule V attached hereto to Borrower for the applicable tenant improvement and leasing commission costs pursuant to the terms and conditions of Section 8.5(b) hereof as if the same were Leasing Reserve Funds.

  • Administrative Agent shall disburse funds from the Leasing Reserve Funds for any space in accordance with Section 8.3(c) hereof.

  • It is expressly understood and agreed by Borrower that in the event that any Cash Management Period is continuing as a result of any Cash Management Event other than a Tenant Major Event, all Remaining Available Cash on each Payment Date during such Cash Management Period shall be deposited in and remain in the Leasing Reserve Account and constitute Leasing Reserve Funds, even if the balance in the Leasing Reserve Account exceeds the Leasing Reserve Account Cap.

  • In the event that (i) a Major Tenant Lease Renewal Event or a Major Tenant Re-Tenanting Event occurs and (ii) no Event of Default or other Cash Trap Event Period is then continuing, Lender shall permit Borrower to request and utilize Major Tenant TI/LC Reserve Funds pursuant to the terms and conditions of Section 8.5(b) hereof as if such funds were Leasing Reserve Funds.

  • All Leasing Reserve Funds shall be held by Lender or Servicer in an Eligible Account (the “Leasing Reserve Account”).

  • Without limiting the foregoing, upon the termination of any Cash Management Period in accordance with the terms of this Agreement (and provided that no other Cash Management Period has commenced and is continuing), all Leasing Reserve Funds then on deposit in the Leasing Reserve Account shall be disbursed to Borrower.

  • Provided no Event of Default has occurred and is continuing, Lender shall disburse Major Tenant TI/LC Reserve Funds to Borrower for Qualified Leasing Expenses incurred in connection with the Major Tenant Space pursuant to the terms and conditions of Section 8.5 hereof as if the same were Leasing Reserve Funds.

  • In the event that the amount on deposit in the Leasing Reserve Account shall thereafter be reduced to less than $992,952.00, on each Payment Date thereafter, Borrower shall deposit with Lender the Leasing Reserve Monthly Deposit until the total amount of Leasing Reserve Funds on deposit with Lender shall be at least equal to $992,952.00.


More Definitions of Leasing Reserve Funds

Leasing Reserve Funds. As used herein, the term (i) “PECI” shall mean Portland Energy Conservation, Inc. and any successor thereto and/or assign thereof, in each case, under the PECI Lease, (ii) “PECI Lease” shall mean that certain Lease at the Property with PECI and (iii) “PECI Space” shall mean that certain space at the Property demised to PECI pursuant to the PECI Lease. The Leasing Reserve Account shall be deemed a “Reserve Account” for all purposes hereunder and under the other Loan Documents.
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Related to Leasing Reserve Funds

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by the Loan Documents.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Interest Reserve Account As defined in Section 3.4(d).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Initial Reserve Account Deposit means $3,000,000.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).