Common use of Account Name Clause in Contracts

Account Name. The Accounts shall each be in the name ------------ of Lender, as secured party; provided, however, that in the event Lender -------- ------- transfers or assigns the Loan, Agent, at Lender's request, shall change the name of each Account to the name of the transferee or assignee. In the event Lender retains a Servicer to service the Loan, Agent, at Lender's request, shall change the name of each Account to the name of Servicer, as agent for Lender.

Appears in 1 contract

Samples: Cash Management Agreement (Ventas Inc)

AutoNDA by SimpleDocs

Account Name. (a) The Accounts shall each be in the name ------------ of Lender, as secured party; provided, however, that in . (b) In the event Lender -------- ------- transfers or assigns the Loan, AgentBorrower acknowledges that the Property Account Bank and Lockbox Bank, at Lender's request, shall change the name of each Account to the name of the transferee or assignee. In the event Lender retains a Servicer servicer to service the Loan, AgentBorrower acknowledges that the Property Account Bank and Lockbox Bank, at Lender's request, shall change the name of each Account account to the name of Servicerthe servicer, as agent for Lender.

Appears in 1 contract

Samples: Loan Agreement (Summit Hotel Properties LLC)

Account Name. (a) The Accounts shall each be in the name ------------ of Lender, as secured party; provided, however, that in . (b) In the event Lender -------- ------- transfers or assigns the Loan, AgentBorrower acknowledges that the Property Account Bank and Lockbox Bank, at Lender's ’s request, shall change the name of each Account to the name of the transferee or assignee. In the event Lender retains a Servicer servicer to service the Loan, AgentBorrower acknowledges that the Property Account Bank and Lockbox Bank, at Lender's ’s request, shall change the name of each Account account to the name of Servicerthe servicer, as agent for Lender.

Appears in 1 contract

Samples: Loan Agreement (Republic Property Trust)

AutoNDA by SimpleDocs

Account Name. (a) The Accounts shall each be in the name ------------ of Lender, as secured party; provided, however, that in party of Borrower. (b) In the event Lender -------- ------- transfers or assigns the Loan, AgentBorrower acknowledges that the Lockbox Bank, at Lender's ’s request, shall change the name of each Account to the name of the transferee or assignee. In the event Lender retains a Servicer servicer to service the Loan, AgentBorrower acknowledges that the Lockbox Bank, at Lender's ’s request, shall change the name of Lender on each Account account to the name of Servicerthe servicer, as agent for Lender.

Appears in 1 contract

Samples: Loan Agreement (Cb Richard Ellis Realty Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!