Common use of Account Name Clause in Contracts

Account Name. (a) The Accounts (other than the Manager Account) shall each be in the name of Borrower for the benefit of Lender. (b) In the event Lender transfers or assigns the Loan, Borrower and Operating Lessee acknowledge that each Property Account Bank and Lockbox Bank, at Lender's request, shall change the name of each Account to the name of Borrower for the benefit of the transferee or assignee. In the event Lender retains a servicer to service the Loan, Borrower and Operating Lessee acknowledge that each Property Account Bank and Lockbox Bank, at Lender's request, shall rename each account to be in the name of Borrower for the benefit of the servicer, as agent for Lender.

Account Name. (a) The Accounts (other than the Manager Account) shall each be in the name of Borrower for the benefit of Lender. (b) In the event Lender transfers or assigns the Loan, Borrower and Operating Lessee acknowledge acknowledges that each Property Account Bank and Bank, Lockbox Bank, at Lender's ’s request, shall change the name of each Account to the name of Borrower for the benefit of the transferee or assignee. In the event Lender retains a servicer to service the Loan, Borrower and Operating Lessee acknowledge acknowledges that each Property Account Bank and Lockbox Bank, at Lender's ’s request, shall be rename each account to be in the name of Borrower for the benefit of the servicer, as agent for Lender.

Account Name. (a) The Accounts (other than the Manager Account) shall each be in the name of Borrower for the benefit of Lender. (b) In the event Lender transfers or assigns the Loan, Borrower and Operating Lessee acknowledge that each Property Account Bank and Lockbox Bank, at Lender's request, shall change the name of each Account to the name of Borrower for the benefit of the transferee or assignee. In the event Lender retains a servicer to service the Loan, Borrower and Operating Lessee acknowledge that each Property Account Bank and Lockbox Bank, at Lender's request, shall be rename each account to be in the name of Borrower for the benefit of the servicer, as agent for Lender.

Account Name. (a) The Accounts (other than the Manager Account) shall each be in the name of Borrower for the benefit of Lender. (b) In the event Lender transfers or assigns the Loan, Borrower and Operating Lessee acknowledge that each Property Account Bank, Lockbox Bank and Lockbox Bankthe Eligible Institution maintaining the Concentration Account, at Lender's request, shall change the name of each Account to the name of Borrower for the benefit of the transferee or assignee. In the event Lender retains a servicer to service the Loan, Borrower and Operating Lessee acknowledge that each Property Account Bank and Lockbox Bank, at Lender's request, shall rename each account to be in the name of Borrower for the benefit of the servicer, as agent for Lender.