Restoration definition

Restoration means the repair and restoration of an Individual Property after a Casualty or Condemnation as nearly as possible to the condition the Individual Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.

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Restoration shall have the meaning set forth in Section 5.2.1.

Restoration is defined in Section 6.10(j)(i).

Examples of Restoration in a sentence

Borrower shall pay (or cause to be paid) all costs of such Restoration whether or not such costs are covered by insurance; provided, to the extent Lender is holding any insurance proceeds, such payment shall be subject to Lender’s disbursement of such insurance proceeds therefor to the extent Lender is required under this Agreement to make such disbursement.
Borrower and/or Mortgage Borrower shall pay (or cause to be paid) all costs of such Restoration, whether or not such costs are covered by Net Proceeds, provided, to the extent Lender or Mortgage Lender is holding any Net Proceeds, such payment shall be subject to Lender’s or Mortgage Lender’s disbursement of such insurance proceeds therefore to the extent Lender or Mortgage Lender, as applicable, is required under this Agreement and/or the Mortgage Loan Agreement (as applicable).
Borrower and/or Mortgage Borrower shall pay all costs of such Restoration, whether or not such costs are covered by an Award; provided, to the extent Lender or Mortgage Lender are holding any Awards, such Restoration shall be subject to Lender’s or Mortgage Lender’s disbursement of such Awards proceeds therefor to the extent Lender or Mortgage Lender, as applicable is required under the Loan Agreement or the Mortgage Loan Agreement, as applicable, to make such disbursement.
If the Condemnation results in material damage to the Property, Borrower and Mortgage Borrower shall promptly commence and diligently prosecute to completion the Restoration.
Borrower and Mortgage Borrower shall promptly commence (or cause to be commenced) and diligently prosecute to completion the Restoration of such Property as nearly as possible to the condition such Property was in immediately prior to such Casualty, with such alterations as may be legally required or otherwise approved by Lender, such approach not to be unreasonably withheld, conditioned or delayed.

More Definitions of Restoration

Restoration means the repairs, replacements, improvements, or rebuilding of or to the Property following a Casualty or Condemnation.

Restoration means the repair and restoration of the Property after a Casualty or Condemnation as nearly as possible to the condition the Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.

Restoration shall have the meaning set forth in Section 6.2 hereof.

Restoration shall have the meaning set forth in the Mortgage Loan Agreement.

Restoration has the meaning set forth in Section 7(a).

Restoration means, following the occurrence of a Casualty or a Condemnation which is of a type necessitating the repair of the Property, the completion of the repair and restoration of the Property as nearly as possible to the condition the Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.

Restoration has the meaning specified in Section 6.2(b).