Common use of Cash Management Agreement Clause in Contracts

Cash Management Agreement. On or before the date hereof Borrower covenants and agrees to enter into one or more servicing account agreements, lockbox servicing agreements and/or cash management agreements acceptable to Lender between Borrower, Manager, Lender and, as applicable, one or more certain financial institutions (together with any modification, amendment, substitution or replacement thereof, hereinafter collectively referred to as the "CASH MANAGEMENT AGREEMENT"). All Rents shall be applied as set forth in the Cash Management Agreement and the escrows and reserves required hereunder shall be funded as provided therein. The Borrower shall pay all costs and expenses required under the Cash Management Agreement. Upon the occurrence and during the continuance of an Event of Default, Lender may apply any sums then held pursuant to the Cash Management Agreement to the payment of the Debt in any order in its sole discretion. Until expended or applied, amounts held pursuant to the Cash Management Agreement shall constitute additional security for the Debt.

Cash Management Agreement. On or before Simultaneously with the date execution hereof Borrower covenants and agrees to enter has entered into one or more servicing account agreements, lockbox servicing agreements and/or a cash management agreements acceptable to Lender between agreement among Borrower, ManagerLender, Lender and, as applicable, Operating Lessee and one or more certain financial institutions (together with any modification, amendment, substitution modifications or replacement amendments thereof, are hereinafter collectively referred to as the "CASH MANAGEMENT AGREEMENTCash Management Agreement"). All Rents shall , which provide, among other things, that all Operating Lease Rent and any other Operating Revenues which Borrower is entitled to receive, if any, and other sums collected from, or arising with respect to, the Property be applied as set forth deposited in accordance with the Cash Management Agreement and the escrows and reserves required hereunder that such amounts shall be funded as provided thereindisbursed in accordance with Section 3.5 hereof. The Borrower shall pay all costs and expenses required under the Cash Management Agreement. Upon the occurrence and during the continuance of an Event of Default, Lender may apply any sums then held pursuant to the Cash Management Agreement to the payment of the Debt in any order in its sole discretion. Until expended or applied, amounts held pursuant to the Cash Management Agreement shall constitute additional security for the Debt.

Cash Management Agreement. On or before the date hereof Borrower covenants and agrees to enter into one or more servicing account agreements, lockbox servicing agreements and/or cash management agreements acceptable to Lender between Borrower, Manager, Lender and, as applicable, one or more certain financial institutions (together with any modification, amendment, substitution or replacement thereof, hereinafter collectively referred to as the "“CASH MANAGEMENT AGREEMENT"”). All Rents shall be applied as set forth in the Cash Management Agreement and the escrows and reserves required hereunder shall be funded as provided therein. The Borrower shall pay all costs and expenses required under the Cash Management Agreement. Upon the occurrence and during the continuance of an Event of Default, Lender may apply any sums then held pursuant to the Cash Management Agreement to the payment of the Debt in any order in its sole discretion. Until expended or applied, amounts held pursuant to the Cash Management Agreement shall constitute additional security for the Debt.

Cash Management Agreement. On or before the date hereof Borrower Mortgagor covenants and agrees to enter into one or more servicing account agreements, agreements and lockbox servicing agreements and/or cash management agreements acceptable to Lender Mortgagee between BorrowerMortgagor, Manager, Lender and, as applicable, Mortgagee and one or more certain financial institutions (together with any modification, amendment, substitution or replacement thereof, hereinafter collectively referred to as the "CASH MANAGEMENT AGREEMENTCash Management Agreement"). All During any Sweep Period (as defined in the Cash Management Agreement), all Rents shall be applied as set forth in the Cash Management Agreement and the escrows and reserves required hereunder shall be funded as provided therein. The Borrower Mortgagor shall pay all costs and expenses required under the Cash Management Agreement. Upon the occurrence and during the continuance of an Event of Default, Lender Mortgagee may apply any sums then held pursuant to the Cash Management Agreement to the payment of the Debt in any order in its sole discretion. Until expended or applied, amounts held pursuant to the Cash Management Agreement shall constitute additional security for the Debt.