Delivery of Income. To the extent Guarantor or any Affiliate of Guarantor receives any Income directly, Guarantor or such Affiliate of Guarantor shall deposit such amounts into the Waterfall Account within two (2) Business Days of receipt thereof. If any Income is received by Guarantor or any Affiliate of Guarantor, Guarantor shall hold such Income in trust for Buyer, segregated from other funds of Guarantor, until delivered to the Waterfall Account in accordance with the terms hereof and of the Repurchase Documents. Neither Guarantor nor any Affiliate of Guarantor shall deposit or cause to be deposited to the Waterfall Account cash or cash proceeds other than Income or other payments required to be deposited therein under the Repurchase Documents.
Appears in 4 contracts
Samples: Guaranty Agreement (Exantas Capital Corp.), Limited Guaranty (NorthStar Real Estate Income Trust, Inc.), Guaranty Agreement (Resource Capital Corp.)
