Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 19 contracts
Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.), Term Loan Agreement (Realty Income Corp)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 17 contracts
Samples: Credit Agreement (Corporate Office Properties Trust), Term Loan Agreement (Corporate Office Properties, L.P.), Assignment and Acceptance Agreement (CubeSmart, L.P.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.3.3) under any of the Loan Documents Documents, in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 13 contracts
Samples: Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (LGI Homes, Inc.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under pursuant to Section 13.312.3.) under any of the Loan Documents Documents, in respect of any Guaranteed 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 (Service Properties Trust), Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 12 contracts
Samples: Term Loan Agreement (Realty Income Corp), Term Loan Agreement (Spirit Realty Capital, Inc.), Term Loan Agreement (Realty Income Corp)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 10 contracts
Samples: Credit Agreement (Elme Communities), Credit Agreement (Washington Real Estate Investment Trust), Term Loan Agreement (Washington Real Estate Investment Trust)
Allocation of Proceeds. If an Event of Default existsshall have occurred and be continuing, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed 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 9 contracts
Samples: First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Second Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.313.4.) under any of the Loan Documents Documents, in respect of any Guaranteed 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 7 contracts
Samples: Revolving Credit and Term Loan Agreement (Broadstone Net Lease, Inc.), Term Loan Agreement (Broadstone Net Lease, Inc.), Credit Agreement (Broadstone Net Lease Inc)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) . under any of the Loan Documents 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 7 contracts
Samples: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.13.4) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 6 contracts
Samples: Credit Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed principal of or interest on the Obligations or any other amounts payable by the Borrowers hereunder or thereunder, shall be applied in the following order and priority:
Appears in 5 contracts
Samples: Credit Agreement (General Growth Properties, Inc.), Credit Agreement (American Realty Capital Properties, Inc.), Credit Agreement (General Growth Properties, Inc.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.10.7) under any of the Loan Documents in respect of any Guaranteed Guarantee Obligations shall be applied in the following order and priority:
Appears in 5 contracts
Samples: Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.)
Allocation of Proceeds. (a) If an Event of Default exists, all payments received by the Administrative Agent (or any Lender Bank as a result of its exercise of remedies permitted under Section 13.3.12.08) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 5 contracts
Samples: Credit Agreement (JBG SMITH Properties), Credit Agreement (JBG SMITH Properties), Credit Agreement (JBG SMITH Properties)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent under any of the Loan Documents (or any Lender as a result of its exercise of remedies permitted under pursuant to Section 13.312.4.) under any of the Loan Documents ), in respect of any Guaranteed 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 (Federal Realty OP LP), Term Loan Agreement (Federal Realty OP LP), Term Loan Agreement (Federal Realty Investment Trust)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations Obligations, or any other amounts payable by any Loan Party hereunder or thereunder, shall be applied in the following order and priority:
Appears in 4 contracts
Samples: Assignment and Assumption Agreement (Parkway, Inc.), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.12.3) under any of the Loan Documents Documents, in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 4 contracts
Samples: Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents Documents, in respect of any Guaranteed 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 (Colonial Realty Limited Partnership), Credit Agreement (Rouse Properties, Inc.), Credit Agreement (Bre Properties Inc /Md/)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Ps Business Parks, Inc./Md), Revolving Credit Agreement (Ps Business Parks Inc/Ca), Revolving Credit Agreement (Ps Business Parks Inc/Ca)
Allocation of Proceeds. If an Event of Default existsexists and is continuing, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Term Loan Agreement (Spirit Realty Capital, Inc.), Term Loan Agreement (Spirit Realty Capital, Inc.), Term Loan Agreement (Spirit Realty, L.P.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents Documents, in respect of any Guaranteed 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: And Consolidated Credit Agreement (Chambers Street Properties), Term Loan Agreement (Chambers Street Properties), Credit Agreement (Chambers Street Properties)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.4.) under any of the Loan Documents Documents, in respect of any Guaranteed 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 Assumption Agreement (Parkway Properties Inc), Term Loan Agreement (Parkway Properties Inc), Credit Agreement (Parkway Properties Inc)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.13.4) under any of the Loan Documents Documents, in respect of any Guaranteed Guarantied Obligations shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Credit Agreement (Hudson Pacific Properties, L.P.), Credit Agreement (Hudson Pacific Properties, L.P.), Term Loan Credit Agreement (Hudson Pacific Properties, L.P.)
Allocation of Proceeds. If an Event of Default existsshall exist, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under pursuant to Section 13.312.4.) under any of the Loan Documents Documents, in respect of any Guaranteed 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: And Consolidated Credit Agreement (First Potomac Realty Trust), Term Loan Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender Bank as a result of its exercise of remedies permitted under Section 13.3.12.07) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Urban Edge Properties LP), Revolving Credit Agreement (Urban Edge Properties), Revolving Credit Agreement (Urban Edge Properties)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed principal of or interest on the Obligations or any other amounts payable by any Borrower hereunder or thereunder, shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit Agreement (Sl Green Operating Partnership, L.P.), Credit Agreement (Sl Green Operating Partnership, L.P.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.3.3) under any of the Loan Documents Documents, in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed 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: Subordinated Credit Agreement (Rouse Properties, Inc.), Subordinated Credit Agreement (Rouse Properties, Inc.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:: 117
Appears in 2 contracts
Samples: Credit Agreement (NetSTREIT Corp.), Credit Agreement (NetSTREIT Corp.)
Allocation of Proceeds. If (a)If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Term Loan Agreement (Sunstone Hotel Investors, Inc.), Credit Agreement (Sunstone Hotel Investors, Inc.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under pursuant to Section 13.312.4.) under any of the Loan Documents Documents, in respect of any Guaranteed 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 (Diversified Healthcare Trust), Credit Agreement (Senior Housing Properties Trust)
Allocation of Proceeds. If (a)If an Event of Default exists, all payments received by the Administrative Agent (or any Lender Bank as a result of its exercise of remedies permitted under Section 13.3.12.08) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit Agreement (JBG SMITH Properties), Credit Agreement (JBG SMITH Properties)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed Guarantied Obligations shall be applied in the following order and priority:
Appears in 2 contracts
Samples: Credit Agreement (Hudson Pacific Properties, L.P.), Term Loan Credit Agreement (Hudson Pacific Properties, L.P.)
Allocation of Proceeds. If a Default or an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed 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 (Government Properties Income Trust), Term Loan Agreement (Government Properties Income Trust)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:: 110
Appears in 1 contract
Samples: Credit Agreement (NETSTREIT Corp.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender Bank as a result of its exercise of remedies permitted under Section 13.3.12.08) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Samples: Credit Agreement (VEREIT Operating Partnership, L.P.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.12.3) under any of the Loan Documents Documents, in respect of any Guaranteed 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: Term Loan Agreement (Colonial Realty Limited Partnership)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Samples: Credit Agreement (Dividend Capital Diversified Property Fund Inc.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed 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
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.12.3) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under pursuant to Section 13.3.12.3) under any of the Loan Documents Documents, in respect of any Guaranteed 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
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any the Guaranteed Obligations or any other amounts payable by any Loan Party hereunder or thereunder, shall be applied in the following order and priority:
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Sl Green Operating Partnership, L.P.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:: 100
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) under any of the Loan Documents Documents, in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:: (a) to payment of that portion of the Guaranteed Obligations constituting fees, indemnities, expenses and other amounts, including attorney fees, payable to the Administrative Agent in its capacity as such, the applicable Issuing Bank in its capacity as such and the
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents Documents, in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:: β
Appears in 1 contract
Samples: Credit Agreement (CubeSmart, L.P.)
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.12.3.Section 12.3) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender Bank as a result of its exercise of remedies permitted under Section 13.3.12.08) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
Allocation of Proceeds. If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.3.) 13.4. under any of the Loan Documents Documents, in respect of any Guaranteed 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
Allocation of Proceeds. If an Event of Default existsexists and maturity of any of the Obligations has been accelerated or the Termination Date has occurred, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 13.312.3.) under any of the Loan Documents in respect of any Guaranteed Obligations shall be applied in the following order and priority:
Appears in 1 contract
