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Common use of Conditions Precedent to Disbursements from Certain Reserve Accounts Clause in Contracts

Conditions Precedent to Disbursements from Certain Reserve Accounts. The following provisions apply to each request for disbursement from the FF&E Reserve Account:

Appears in 2 contracts

Sources: Loan Agreement (CNL Hotels & Resorts, Inc.), Mezzanine Loan Agreement (CNL Hotels & Resorts, Inc.)

Related Clauses

  • Conditions Precedent to Disbursement
  • Conditions Precedent to All Advances
  • CONDITIONS PRECEDENT TO EACH ADVANCE
  • CONDITIONS PRECEDENT TO LOAN
  • Conditions Precedent to Advances

Parent Clauses

  • Completion of Repairs Related to Reserve Accounts Conditions to Release of Funds
  • Completion of Repairs Related to Reserve Accounts
  • Cash Trap Reserve Account
  • Defined Terms and Construction Guidelines
  • Excess Cash Flow Reserve Account

Sub-Clauses

  • No Existing Event of Default
  • Partial Completion
  • Disbursement Request; Maximum Frequency and Amount
  • Payment of Lender’s Expenses
  • Responsible Officer Certificate
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