Realty Reserves

Realty Reserves. Means such reserves as the Administrative Agent from time to time determines in the Administrative Agent's reasonable discretion as being appropriate to reflect the impediments to the Agents' ability to realize upon any Eligible Real Estate. Without limiting the generality of the foregoing, Realty Reserves may include (but are not limited to) reserves for (i) environmental remediation, (ii) municipal taxes and assessments having priority... over the Lien of the Collateral Agent, (iii) major repairs not covered by insurance, and (iv) remediation of title defects. View More