Examples of Reserve for Replacements in a sentence
The cost of such report may be paid from the Reserve for Replacements.
Borrower shall pay to and deposit with Lender all other escrows and deposits, including any Reserve for Replacements.
If a Potential Supplier needs to rely on the capability and/or experience of one or more subcontractors in its tender to demonstrate the Potential Supplier’s ability to provide the services in accordance with the requirements of the ITT and the framework agreement it must inform the Authority in its tender.
The request for project funds should only be used to make mortgage payments, make required deposits to the Reserve for Replacements, pay reasonable expenses necessary for the operation and maintenance of the project, pay distributions of surplus cash permitted and repay owner advances authorized by HUD.
Reserve for Replacements – transfer deposit amount (if applicable).