Central Cash Management. (a) All amounts paid by the issuer of the Rate Cap Agreement (the “Counterparty”) to Borrower or Lender, together with all rents, issues, profits, insurance proceeds, condemnation proceeds, refinancing proceeds and all other sums received with respect to the Premises or distributed with respect to the Equity Interests after all sums which are then due and payable have been paid to Mortgage Lender pursuant to the terms of the Mortgage Loan Documents, to Senior Mez Lender pursuant to the terms of the Senior Mez Loan Agreement and to Intermediate Mez Lender pursuant to the terms of the Intermediate Mez Loan Agreement (collectively, “Remaining Rents”), shall be paid by federal wire transfer or automatic clearing house funds (“ACH”) to Lender and shall be deposited immediately into an Eligible Account located at a bank satisfactory to Lender (the “Lockbox Account”). Lender has established the Lockbox Account in the name of Lender as secured party. The Lockbox Account shall be under the sole dominion and control of Lender. The Lockbox Account shall contain the Debt Service Payment Account (an “Account” and together with the other accounts now or hereafter required to be established pursuant to this Section 2.27, collectively, the “Accounts”) to which certain funds shall be allocated and from which disbursements shall be made pursuant to the terms of the Lockbox Agreement. Borrower hereby irrevocably directs and authorizes Lender to withdraw funds from the Lockbox Account, all in accordance with the terms and conditions of the Lockbox Agreement. Borrower shall have no right of withdrawal in respect of the Lockbox Account. Each transfer of funds to be made hereunder shall be made only to the extent that funds are on deposit in the Lockbox Account, and Lender shall have no responsibility to make additional funds available in the event that funds on deposit are insufficient. Subject to the rights of Senior Mez Lender pursuant to the terms of the Senior Mez Loan Agreement and Intermediate Mez Lender pursuant to the terms of the Intermediate Mez Loan Agreement, Borrower shall enter into or shall cause Owner to enter into a substitute cash management agreement and related lockbox agreement (collectively, the “Substitute CMA Agreements”) with substantially the same terms as the agreements entered into as of the date hereof in connection with the Mortgage Loan as a condition to the satisfaction of the Mortgage Loan or if Mortgage Lender is not requiring that sums be depo...
Central Cash Management. Section 2.13.
Central Cash Management. 46 Section 2.13. Security Agreement.............................................................. 57 Section 2.14. Securitization.................................................................. 60 Section 2.15. Supplemental Mortgage Affidavits................................................ 63 ARTICLE III
Central Cash Management. (a) Collection Account, Local Collection Account, Parking Collection Account and Security Deposit Account; Deposits to and Withdrawals from Collection Account,
Central Cash Management. (a) Borrower shall cause Mortgage Borrower to comply with Section 2.11 and Section 2.12 of the Mortgage Loan Agreement.
(b) On or before the Closing Date, Lender shall establish and maintain with Deposit Account Bank a collection account (the "Deposit Account"), which shall be an Eligible Account with a separate and unique identification number and entitled "[_______________]". Subject to the terms of Section 2.11(d)(vii) of the Mortgage Loan Agreement, an amount equal to the scheduled monthly interest payment portion of Debt Service shall be deposited into the Deposit Account and pursuant to Section 2.11(d)(x) of the Mortgage Loan Agreement, all amounts then remaining in the Cash Collateral Account shall be deposited into the Deposit Account. Borrower shall not have any right to withdraw money from the Deposit Account, which shall be under the sole dominion and the "control," within the meaning of Sections 9-104 and 9-106 of the UCC, of Lender. Any such funds held by Borrower prior to deposit into the Deposit Account shall be held in trust for the benefit of Lender.
Central Cash Management. 65 Section 5.01. Cash Flow................................................ 65 Section 5.02. Establishment of Accounts................................ 65
Central Cash Management. Section 5.01 Cash Flow 64 Section 5.02 Establishment of Accounts 65 Section 5.03 Permitted Investments 66 Section 5.04 Servicing Fees 66 Section 5.05 Monthly Funding of Sub-Accounts and Escrow Accounts 66 Section 5.06 Payment of Basic Carrying Costs 68 Section 5.07 Reletting Reserve Escrow Account 68 Section 5.08 Recurring Replacement Reserve Escrow Account 69 Section 5.09 Liquidity Reserve Escrow Account 70 Section 5.10 Rate Cap Agreement 71 Section 5.11 [Reserved] 71 Section 5.12 Performance of Engineering Work 72 Section 5.13 Loss Proceeds 72 Section 5.14 Accrued Lease Liability Escrow Account 73 Section 5.15 Lease Termination Payment Escrow Account 74 Section 5.16 REIT Limitations on Investment of Sums in Escrow Accounts 74 Section 6.01 Condemnation 75
Central Cash Management. 30 Section 2.13. Repair Reserve Account . . . . . . . . . . . . 34 Section 2.14. Security Agreement . . . . . . . . . . . . . . 34 Section 2.15. Mortgage Recording Taxes . . . . . . . . .
Central Cash Management. 48 ARTICLE XLII.....................................................................................................49 42.1
Central Cash Management. [CONFORM TO LOAN AGREEMENT] -----------------------
