Changes to Accounts. Borrower shall not and shall cause each other Loan Party not to (a) open or permit to remain open any cash, securities or other account with any bank, custodian or institution other than the Collection Account, the Accounts, the Security Deposit Accounts and Property Accounts that are subject to a Property Account Control Agreement, (b) change or permit to change any account number of the Collection Account, the Accounts or any Property Account, (c) open or permit to remain open any sub-account of the Collection Account (except any Account), the Accounts or any Property Account, (d) permit any funds of Persons other than Borrower or any Borrower TRS to be deposited or held in any of the Collection Account, the Accounts or the Property Accounts or (e) permit any Collections or other proceeds of any Properties to be deposited or held in Borrower’s Operating Account other than cash that is distributed to Borrower pursuant to Section 6.8.1(i).
Appears in 7 contracts
Samples: Loan Agreement, Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)
Changes to Accounts. Borrower shall not and shall cause each other Loan Party not to (ai) open or permit to remain open any cash, securities or other account with any bank, custodian or institution other than the Collection Account, the Accounts, the Security Deposit Accounts and Property Accounts that are subject to a Property Account Control Agreement, (bii) change or permit to change any account number of the Collection Account, the Accounts or any Property Account, (ciii) open or permit to remain open any sub-account of the Collection Account (except any Account), the Accounts or any Property Account, (div) permit any funds of Persons other than Borrower or any Borrower TRS to be deposited or held in any of the Collection Account, the Accounts or the Property Accounts or (ev) permit any Collections or other proceeds of any Properties to be deposited or held in Borrower’s Operating Account other than cash that is distributed to Borrower pursuant to Section 6.8.1(i).
Appears in 5 contracts
Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)
Changes to Accounts. Borrower shall not and shall cause each other Loan Party not to to, without the prior written consent of Lender, (a) open or permit to remain open any cash, securities or other account with any bank, custodian or institution other than the Collection Account, the Accounts, the Security Deposit Accounts and Property Accounts that are subject to a Property Account Control Agreement, (b) change or permit to change any account number of the Collection Account, the Accounts or any Property Account, (c) open or permit to remain open any sub-account of the Collection Account (except any Account), the Accounts or any Property Account, (d) permit any funds of Persons other than Borrower or any Borrower TRS to be deposited or held in any of the Collection Account, the Accounts or the Property Accounts or (e) permit any Collections or other proceeds of any Properties to be deposited or held in Borrower’s Operating Account other than cash that is distributed to Borrower pursuant to Section 6.8.1(i).
Appears in 2 contracts
Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)
Changes to Accounts. Borrower shall not and shall cause each other Loan Party not to (ai) open or permit to remain open any cash, securities or other account with any bank, custodian or institution other than the Collection Cash Management Account, the Accounts, the Security Deposit Accounts and Property Accounts that are subject to a Property Account Control Agreement, (bii) change or permit to change any account number of the Collection Cash Management Account, the Accounts or any Property Account, (ciii) open or permit to remain open any sub-account of the Collection Cash Management Account (except any Account), the Accounts or any Property Account, (div) permit any funds of Persons other than Borrower or any a Borrower TRS to be deposited or held in any of the Collection Cash Management Account, the Accounts or the Property Accounts or (ev) permit any Collections or other proceeds of any Properties to be deposited or held in Borrower’s Operating Account other than cash that is distributed to Borrower pursuant to Section 6.8.1(i).
Appears in 1 contract
Samples: Loan Agreement (American Residential Properties, Inc.)
Changes to Accounts. Borrower shall not and shall cause each other Loan Party not to (ai) open or permit to remain open any cash, securities or other account with any bank, custodian or institution other than the Collection Account, the Accounts, the Security Deposit Accounts and Property Accounts that are subject to a Property Account Control Agreement, (bii) change or permit to change any account number of the Collection Account, the Accounts or any Property Account, (ciii) open or permit to remain open any sub-account of the Collection Account (except any Account), the Accounts or any Property Account, (div) permit any funds of Persons other than Borrower or any Borrower TRS to be deposited or held in any of the Collection Account, the Accounts or the Property Accounts or (ev) permit any Collections or other proceeds of any Properties to be deposited or held in Borrower’s Operating Account other than cash that is distributed to Borrower pursuant to Section 6.8.1(i).
Appears in 1 contract