Replacement Reserve Deposit definition

Replacement Reserve Deposit means the Initial Deposit, the Monthly Deposit and/or the Revised Monthly Deposit, as appropriate.

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Replacement Reserve Deposit means the initial deposit in the amount of Dollars ($ ) made as of the date of this Agreement, together with the sum of Dollars ($ ) per month to be deposited into the Replacement Reserve Fund, as such monthly deposit amount may increase from time to time in accordance with the schedule attached to this Agreement as Exhibit "C".

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

Examples of Replacement Reserve Deposit in a sentence

Borrower shall deposit the applicable Monthly Replacement Reserve Deposit into the Replacement Reserve Account on each Payment Date.
Unless otherwise expressly provided in this Loan Agreement, any prepayment required by any Loan Document of less than the entire unpaid principal balance of the Mortgage Loan shall not extend or postpone the due date of any subsequent Monthly Debt Service Payments, Monthly Replacement Reserve Deposit, or other payment, or change the amount of any such payments or deposits.
Amounts on deposit in the Liquidity Reserve Account are at any time less than the Liquidity Reserve Account Required Balance and such deficit is not cured on the earlier of the next Borrowing Date or the next Payment Date or the Borrower fails to deposit the Equipment Replacement Reserve Deposit in the Equipment Replacement Reserve Account in accordance with Section 2.7 as of any Payment Date and such failure is not cured on the earlier of the next Borrowing Date or the next Payment Date.
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.
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 in connection with any such Borrower Requested Replacements, or an additional deposit to the Repairs Escrow Account for any such Borrower Requested Repairs.
Based upon that review, Lender may require an additional deposit to the Replacement Reserve Account or the Repairs Escrow Account, or an increase in the amount of the Monthly Replacement Reserve Deposit as a condition to Lender’s consent to such Transfer.
The application of any insurance proceeds to the Indebtedness shall not extend or postpone the Maturity Date, or the due date or the full payment of any Monthly Debt Service Payment, Monthly Replacement Reserve Deposit, or any other installments referred to in this Loan Agreement or in any other Loan Document.
The application of any awards or proceeds of a Condemnation Action to the Indebtedness shall not extend or postpone the Maturity Date, or the due date or the full payment of any Monthly Debt Service Payment, Monthly Replacement Reserve Deposit, or any other installments referred to in this Loan Agreement or in any other Loan Document.
After review of the property condition assessment, the amount of the Monthly Replacement Reserve Deposit may be adjusted by Lender for the remaining Loan Term by written notice to Borrower so that the Monthly Replacement Reserve Deposits are sufficient to fund the Replacements as and when required and/or the amount to be held in the Repairs Escrow Account may be adjusted by Lender so that the Repairs Escrow Deposit is sufficient to fund the Repairs as and when required.
The application of any awards or proceeds of a Condemnation Action to the Indebtedness shall not extend or postpone the due date or the full payment of any Monthly Debt Service Payment, Monthly Replacement Reserve Deposit, any other installments referred to in this Loan Agreement or in any other Loan Document, or the Maturity Date.

More Definitions of Replacement Reserve Deposit

Replacement Reserve Deposit means the positive number obtained by subtracting (i) the actual amount spent by Borrower for Replacements (including payments under Permitted FF&E Financing) for the calendar month (the “Subject Month”) which is two (2) months prior to the month in which the applicable Replacement Reserve Deposit is due and payable (such amount actually spent by Borrower hereinafter referred to as the “Actual Amount”) and (ii) the balance of any Shortfall (as defined in Section 7.3.1 hereof) from (iii) the product of (a) the applicable Gross Income From Operations for the Subject Month multiplied by (b) the FF&E Factor.

Replacement Reserve Deposit means the initial deposit in the amount of Zero Dollars ($-0-) made as of the date of this Agreement, together with the sum of Four Thousand Two Hundred Seventy-Five and No/100 Dollars ($4,275.00) per month to be deposited into the Replacement Reserve Fund, as such monthly deposit amount may increase from time to time in accordance with the schedule attached to this Agreement as Exhibit "C".

Replacement Reserve Deposit means the Initial Deposit, the Monthly Deposit and/or the Revised Monthly Deposit, as appropriate. “Replacement Reserve Disbursement Period” means the interval between disbursements from the Replacement Reserve Fund, which interval will be no shorter than once a month. “Replacement Reserve Fund” means the account established pursuant to this Loan Agreement to defray the costs of Capital Replacements. “Revised Monthly Deposit” means the adjusted amount per month that Lender determines Borrower must deposit in the Replacement Reserve Fund following any adjustment determination by Lender pursuant to Section 4.04(c). Rider to Multifamily Loan and Security Agreement Page 5 Replacement Reserve Fund – Immediate Deposits

Replacement Reserve Deposit has the meaning given to such term in Section 2.1(e)(i).

Replacement Reserve Deposit means, with respect to the Property, the positive number obtained by subtracting (i) the actual amount spent by the Mortgage Borrower for Replacements (including payments under Permitted FF&E Financing) for the calendar month (the “Subject Month”) which is two (2) months prior to the month in which the applicable Replacement Reserve Deposit is due and payable (such amount actually spent by the Mortgage Borrower hereinafter referred to as the “Actual Amount”), and (ii) the balance of any Shortfall (as defined in Section 7.3.1 hereof) from (iii) the product of (a) Gross Income From Operations for the Subject Month multiplied by (b) the FF&E Factor.

Replacement Reserve Deposit means, with respect to each Individual Property, the positive number obtained by subtracting (i) the actual amount spent by Borrower for the immediately preceding twelve (12) month period for Replacements (such amount actually spent by Borrower hereinafter referred to as the "Actual Amount") from