Debt Service Payment Sub-Account. On each Payment Date during the term of the Loan, Lender shall transfer to the Collection Account, from the Debt Service Payment Sub-Account, an amount equal to the sum of (a) the Required Debt Service Payment for such Payment Date and (b) any amounts deposited into the Central Account that are either (i) Loss Proceeds that Lender has elected to apply to reduce the Debt in accordance with the terms of Article III hereof or (ii) excess Loss Proceeds remaining after the completion of any restoration required hereunder.
Debt Service Payment Sub-Account. On the Business Day after each Payment Date during the term of the Loan, Mortgagee shall transfer to the Collection Account, from the Debt Service Payment Sub-Account, an amount equal to the sum of (a) the Re- quired Debt Service Payment for such Payment Date and (b) any amounts deposited into the Central Account that are either (i) Loss Proceeds that Mortgagee has elected to apply to reduce the Debt in accordance with the terms of Article III hereof or (ii) excess Loss Proceeds remaining after the completion of any restoration required hereunder.
Debt Service Payment Sub-Account. Lender shall have the right -------------------------------- to withdraw amounts from the Debt Service Payment Sub-Account to pay: (i) default interest and late charges, if any, and (ii) Monthly Debt Service Payment Amounts on each Monthly Payment Date on which same are due and payable under the Note.
Debt Service Payment Sub-Account. On each Payment Date during the term of the Loan, Mortgagee shall transfer to the Collection Account, from the Debt Service Payment Sub-Account, an amount equal to the sum of (a) the Required Debt Service Payment for such Payment Date and (b) any amounts deposited into the Central Account that are either (i) Loss Proceeds that Mortgagee has elected to apply to reduce the secured indebtedness in accordance with the terms of SECTION 2.13 hereof or (ii) excess Loss Proceeds remaining after the completion of any restoration required hereunder.
Debt Service Payment Sub-Account. On each Payment Date during the term of the Loan, Beneficiary shall transfer to the Collection Account, from the Debt Service Payment Sub-Account, an amount equal to the sum of (a) the Required Debt Service Payment for such Payment Date and (b) any amounts deposited into the Central Account that are either (i) Loss Proceeds that Beneficiary has elected to apply to reduce the Debt in accordance with the terms of Article III hereof or (ii) excess Loss Proceeds remaining after the completion of any restoration required hereunder.
Debt Service Payment Sub-Account. On each Payment Date, Beneficiary shall transfer to the Collection Account, from the Debt Service Payment Sub-Account, an amount equal to the sum of (a) the Required Debt Service Payment for such Payment Date and (b) any amounts deposited into the Cash Collateral Account that are either (i) Loss Proceeds that Beneficiary has elected to apply to reduce the Debt in accordance with the terms of Article III hereof or (ii) Loss Proceeds, up to an amount equal to the Release Price, remaining after the completion of any restoration required hereunder.
