Common use of Amounts Remaining in Funds and Accounts Clause in Contracts

Amounts Remaining in Funds and Accounts. Upon the expiration of the Term, or upon the prior termination hereof from any cause, and subject, in the event of termination before the expiration of the Term of this Ground Lease, to the rights interests of the Trustee and/or any Permitted Leasehold Mortgagee, any amounts remaining in any fund, account, or reserve created in connection with the maintenance of the Property, or the management of the Project shall inure to the benefit of and become the property of the Lessor, and to this extent, the Lessee does hereby transfer, assign, and convey any such funds to the Lessor.

Appears in 4 contracts

Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement

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