Common use of Collection of Distributions Clause in Contracts

Collection of Distributions. (a) It is acknowledged and agreed by the parties hereto that Agent shall have sole and exclusive possession of the Distributions and that this Assignment constitutes a present, absolute and current assignment of all the Distributions and is effective upon the execution and delivery hereof. Payments under or with respect to the Distributions shall be made as follows:

Appears in 5 contracts

Samples: Credit Agreement (Glimcher Realty Trust), Assignment of Interests (Meruelo Richard), Credit Agreement (Inland Western Retail Real Estate Trust Inc)

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Collection of Distributions. (a) It is acknowledged and agreed by the parties hereto that the Agent shall have sole and exclusive possession of the Distributions and that this Assignment constitutes a present, absolute and current assignment of all the Distributions and is effective upon the execution and delivery hereof. Payments under or with respect to the Distributions shall be made as follows:

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Healthcare Trust, Inc.), Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.), Collateral Assignment of Interests (Carter Validus Mission Critical REIT II, Inc.)

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Collection of Distributions. (a) It is acknowledged and agreed by the parties hereto that the Agent shall have sole and exclusive possession of the Distributions and that this Assignment constitutes a present, absolute and current assignment of all the Distributions and is effective upon the execution and delivery hereof. Payments under or with respect to the Distributions shall be made as follows:: ASSIGNMENT OF INTERESTS (CONDOR)

Appears in 1 contract

Samples: Credit Agreement (Condor Hospitality Trust, Inc.)

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