Common use of Borrower Requested Replacements and Borrower Requested Repairs Clause in Contracts

Borrower Requested Replacements and Borrower Requested Repairs. In the event Borrower requests a disbursement from the Replacement Reserve Account or the Repairs Escrow Account to reimburse Borrower for any Borrower Requested Replacement or Borrower Requested Repair, any related disbursement request must also contain support for why Lender should allow such disbursement. Lender may make disbursements for Borrower Requested Replacements or Borrower Requested Repairs if Lender determines that: (i) they are of the type intended to be covered by the Replacement Reserve Account or the Repairs Escrow Account, as applicable; (ii) the costs are reasonable;

Borrower Requested Replacements and Borrower Requested Repairs. (1) In the event Borrower requests a disbursement from the Replacement Reserve Account or the Repairs Escrow Account to reimburse Borrower for any Borrower Requested Replacement or Borrower Requested Repair, any related disbursement request must also contain support for why Lender should allow such disbursement. Lender may make disbursements for Borrower Requested Replacements or Borrower Requested Repairs if Lender determines that: (i) they are of the type intended to be covered by the Replacement Reserve Account or the Repairs Escrow Account, as applicable; (ii) the costs are reasonable;