Replacement Reserve Account definition

Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.
Replacement Reserve Account has the meaning set forth in Section 2.13(a).
Replacement Reserve Account shall have the meaning set forth in Section 3.1(b)(iv) hereof.

Examples of Replacement Reserve Account in a sentence

  • Based upon that review, Lender may require an additional deposit to the Replacement Reserve Account, the Repairs Escrow Account, or the Restoration Reserve Account, or an increase in the amount of the Monthly Replacement Reserve Deposit as a condition to Lender’s consent to such Transfer.

  • Other than in connection with a final request for disbursement, disbursements from the Replacement Reserve Account shall not be less than the Minimum Replacement Reserve Disbursement Amount.

  • Borrower may submit a disbursement request from the Replacement Reserve Account or the Repairs Escrow Account to reimburse Borrower for any Borrower Requested Replacement or Borrower Requested Repair.

  • Disbursement from the Replacement Reserve Account shall not be made more frequently than the Maximum Replacement Reserve Disbursement Interval.

  • Nothing in this Loan Agreement shall limit Lender’s right to require an additional deposit to the Replacement Reserve Account or an increase to the Monthly Replacement Reserve Deposit for any such Additional Lender Replacements or an additional deposit to the Repairs Escrow Account for any such Additional Lender Repair.


More Definitions of Replacement Reserve Account

Replacement Reserve Account has the meaning set forth in Section 7.3.1 hereof.
Replacement Reserve Account shall have the meaning set forth in Section 7.3.1.
Replacement Reserve Account means an account held by Lender, or Lender's designee, in which the Monthly Replacement Reserve Deposits will be held, which shall not constitute a trust fund.
Replacement Reserve Account shall have the meaning assigned to such term in the Mortgage Loan Agreement or such comparable account as shall be established under this Agreement in accordance with Section 7.3 hereof.
Replacement Reserve Account means the account established by Lender into which the Replacement Reserve Deposits are deposited to fund the Replacements.
Replacement Reserve Account has the meaning set forth in Section 17.4.
Replacement Reserve Account shall have the meaning set forth in Section 9.02(b) hereof.