Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 59 contracts
Samples: Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 34 contracts
Samples: And Term Loan Agreement (Columbia Property Trust, Inc.), Term Loan Agreement (Columbia Property Trust, Inc.), Contribution Agreement (Columbia Property Trust, Inc.)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been acceleratedexists, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 25 contracts
Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 17 contracts
Samples: Term Loan Agreement (Select Income REIT), Pledge Agreement (Select Income REIT), Term Loan Agreement (Post Apartment Homes Lp)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 13 contracts
Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp), Credit Agreement (Washington Real Estate Investment Trust)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrowers hereunder or thereunder, shall be applied in the following order and priority:
Appears in 13 contracts
Samples: And Consolidated Credit Agreement (Epr Properties), Credit Agreement (Epr Properties), Credit Agreement (Epr Properties)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been acceleratedaccelerated or the Maturity Date has occurred, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 6 contracts
Samples: Credit Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust), Loan Agreement (Chesapeake Lodging Trust)
Allocation of Proceeds. If an Event of Default shall exist have occurred and maturity of any of the Obligations has been acceleratedbe continuing, all payments received by the Agent under any of the Loan Documents, Credit Documents in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied by the Agent in the following order and priority:
Appears in 5 contracts
Samples: 2013 Term Loan Agreement (Eastgroup Properties Inc), Credit Agreement (Eastgroup Properties Inc), Term Loan Agreement (Eastgroup Properties Inc)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Guaranteed Obligations has been acceleratedaccelerated or the Maturity Date has occurred, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Guaranteed Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 5 contracts
Samples: Term Loan Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been acceleratedaccelerated or the Maturity Date has occurred, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrower, the Parent or any other Loan Party hereunder or thereunder, shall be applied in the following order and priority:
Appears in 5 contracts
Samples: Term Loan Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and the maturity of any of the Obligations Notes has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied by the Agent in the following order and priority:
Appears in 5 contracts
Samples: Credit Agreement (Regency Centers Corp), Credit Agreement (Regency Centers Corp), Credit Agreement (Regency Realty Corp)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower or any other Loan Party hereunder or thereunder, shall be applied in the following order and priority:
Appears in 5 contracts
Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc), Unsecured Credit Agreement (CBL & Associates Properties Inc), Assignment and Assumption Agreement (CBL & Associates Properties Inc)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 4 contracts
Samples: Credit Agreement (Security Capital Group Inc/), Credit Agreement (Security Capital Group Inc/), Credit Agreement (Security Capital Group Inc/)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been acceleratedaccelerated or the Termination Date has occurred, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 4 contracts
Samples: Credit Agreement, Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.)
Allocation of Proceeds. If an Event of Default shall exist have occurred and maturity of any of be continuing and the Obligations has Maturity Dates have been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrowers hereunder or thereunder, shall be applied in the following order and priority:
Appears in 4 contracts
Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co)
Allocation of Proceeds. If an Event of Default shall exist have occurred and maturity of any of the Obligations has been acceleratedbe continuing, all payments received by the Agent under any of the Loan Documents, Credit Documents in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall (subject to Section 2.11) be applied by the Agent in the following order and priority:
Appears in 3 contracts
Samples: Credit Agreement And (Eastgroup Properties Inc), Credit Agreement (Eastgroup Properties Inc), Credit Agreement (Eastgroup Properties Inc)
Allocation of Proceeds. If an Event of Default shall exist have occurred and the maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Management Agreement (Hospitality Properties Trust), Interim Loan Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Credit Agreement (Wells Core Office Income Reit Inc), Credit Agreement (CNL American Properties Fund Inc), Credit Agreement (CNL American Properties Fund Inc)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been acceleratedexist, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: And Consolidated Credit Agreement (Epr Properties), And Consolidated Credit Agreement (Epr Properties), And Consolidated Credit Agreement (Epr Properties)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower or any other Loan Party hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Term Loan Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust), Term Loan Agreement (Corporate Office Properties Trust)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower or any other Loan Party hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Term Loan Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, or if an Event of Default specified in Section 10.1.(a) and/or (b) shall exist, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Assignment and Acceptance Agreement (CubeSmart, L.P.), Assignment and Acceptance Agreement (U-Store-It Trust), Assignment and Acceptance Agreement (U-Store-It Trust)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies pursuant to Section 12.4.) under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Franchise Agreement (Hospitality Properties Trust), Franchise Agreement (Hospitality Properties Trust), Master Lease Agreement (Senior Housing Properties Trust)
Allocation of Proceeds. If an Event of Default shall exist have occurred and maturity of any of be continuing and the Obligations has have been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied by the Administrative Agent in the following order and priority:
Appears in 3 contracts
Samples: Credit Agreement (Mgi Properties), Term Loan Agreement (Federal Realty Investment Trust), Federal Realty Investment Trust
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been acceleratedaccelerated or the Termination Date has occurred, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Guaranteed Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Credit Agreement (NNN Reit, Inc.), Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been acceleratedaccelerated or the Maturity Date has occurred, all payments received by the Administrative Agent under any of the Loan DocumentsDocuments (or by any Lender as the result of the exercise of rights under Section 13.4.), in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent Lender under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit and Security Agreement (Five Star Quality Care Inc), Credit Agreement (Miller Industries Inc /Tn/)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been accelerated, all payments received by the Agent Lender under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Revolving Credit Agreement (New Home Co LLC), Revolving Credit Agreement (TRI Pointe Homes, Inc.)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Credit Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:accordance with Section 3.17(b).
Appears in 2 contracts
Samples: Credit Agreement (CNL Retirement Properties Inc), Credit Agreement (CNL Retirement Properties Inc)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan DocumentsDocuments (or any Lender as a result of exercise of remedies pursuant to Section 12.4.), in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Term Loan Agreement (Federal Realty Investment Trust), Credit Agreement (Federal Realty Investment Trust)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Credit Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations, amounts payable with respect to Hedge Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Term Loan Agreement (Kite Realty Group, L.P.), Term Loan Agreement (Kite Realty Group, L.P.)
Allocation of Proceeds. If (i) an Event of Default shall exist and exists, (ii) the maturity of any of the Obligations has been accelerated, or (iii) the Termination Date for a Class of Loans has occurred, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower or the other Loan Parties hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit Agreement (LXP Industrial Trust), Credit Agreement (Lexington Realty Trust)
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been acceleratedexists, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrowers or the other Loan Parties hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit Agreement (Lexington Realty Trust), Pledge Agreement (Lexington Realty Trust)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan DocumentsDocuments or in respect of the Collateral, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Mezzanine Credit Agreement (NNN Apartment REIT, Inc.), Credit Agreement (NNN Apartment REIT, Inc.)
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Credit Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:accordance with Section 3.18(b).
Appears in 1 contract
Samples: Credit and Reimbursement Agreement (CNL American Properties Fund Inc)
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Obligations has been accelerated, all payments received by the Agent Bank under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower or any other Loan Party hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If (i) an Event of Default shall exist and exists, (ii) the maturity of any of the Obligations has been accelerated, or (iii) the Termination Date has occurred, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrowers or the other Loan Parties hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an a Default or Event of Default shall exist have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Samples: Credit Agreement (First Washington Realty Trust Inc)
Allocation of Proceeds. If an Event of a Default shall exist exists and maturity of all or any portion of the Obligations Loan has been acceleratedaccelerated or the Maturity Date has occurred, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations Loan or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrowers or the other Loan Parties hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default shall exist exists and maturity of any of the Debt and the Other Obligations has been acceleratedaccelerated or the Maturity Date has occurred, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Debt and the Other Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, or if an Event of Default specified in Section 11.1.(a) and/or (b) shall exist, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (U-Store-It Trust)
Allocation of Proceeds. If While an Event of Default shall exist and maturity of any of the Obligations has been acceleratedexists, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrowers hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and the maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied by the Agent in the following order and priority:
Appears in 1 contract
Samples: Merry Land & Investment Co Inc
Allocation of Proceeds. If an Event of Default shall exist have occurred and be continuing and the maturity of any of the Obligations Notes has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the a Borrower hereunder or thereunder, shall be applied by the Agent in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default shall exist has occurred and is continuing and the maturity of all or any portion of the Obligations has have been acceleratedaccelerated pursuant to this, all payments received by the Administrative Agent under any of the Loan Documentshereunder, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied by the Administrative Agent in the following order and priorityorder, in each case whether or not allowed or allowable in any applicable bankruptcy, insolvency, receivership or other similar proceeding:
Appears in 1 contract
Samples: Credit Agreement (CHS Inc)
