Common use of Tenant Reserves Clause in Contracts

Tenant Reserves. The Initial Property Owners, in the aggregate, shall have sufficient available funds from cash reserves, loan reserves or other financing agreements as of the Closing Date to satisfy all contractual obligations for tenant improvements as of the Closing Date.

Appears in 5 contracts

Sources: Contribution Agreement, Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.)

Tenant Reserves. The Initial Property Owners, in the aggregate, Owner shall have sufficient available funds from cash reserves, loan reserves or other financing agreements as of the Closing Date to satisfy all contractual obligations for tenant improvements as of the Closing Date.

Appears in 3 contracts

Sources: Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.)