Debt Service Sub-Account. Lender shall have the right to withdraw amounts from the Debt Service Sub-Account to pay: (i) default interest and late charges, if any, and any amounts then due and payable under the Note and the Loan Agreement, and (ii) the Monthly Debt Service Payment Amount on each Monthly Payment Date on which same are due and payable under the Loan Agreement.
Appears in 6 contracts
Samples: Management Agreement (Lodgian Inc), Cash Management Agreement (Lodgian Inc), Management Agreement (Lodgian Inc)
