Reserve Requirements. Upon the occurrence of a Property Release, provided no Event of Default has occurred and is continuing, Mezzanine Borrower shall cause Mortgage Borrower to promptly prepare a revised estimate of Impositions and Other Charges, insurance premiums, Ground Rent and Master Lease Rent with respect to the remaining Properties in accordance with Sections 16.1, 16.2 and 16.3, as applicable of the Loan Agreement (Mortgage), and shall promptly provide Mezzanine Lender and Cash Management Bank (Mortgage) with notice of the revised Monthly Tax Reserve Amount, Monthly Insurance Reserve Amount and Monthly Ground Rent Amount.
Appears in 7 contracts
Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)
