Common use of Disbursement of Excess Funds Clause in Contracts

Disbursement of Excess Funds. Provided no Event of Default ---------------------------- has occurred that is then continuing, once funds sufficient to make all payments to Lender required to be made under the Loan Documents on the next Payment Date and any other amounts then payable to Lender have been deposited in the Lockbox Account, Lender shall release, or cause to be released to Borrower, as provided in the Cash Management Agreement, all amounts thereafter deposited in the Lockbox Account allocable to the period prior to the next Payment Date; provided that Lender shall not be required to release or cause to be -------- ---- released any such amounts during the period from the twentieth (20th) day of any calendar month until the next Payment Date.

Disbursement of Excess Funds. Provided no Event of Default ---------------------------- has occurred that is then continuing, once funds sufficient to make all payments to Lender required to be made under the Loan Documents on the next Payment Date and any other amounts then payable to Lender have been deposited in the Lockbox Account, Lender shall release, or cause to be released to Borrower, as provided in the Cash Management Agreement, all amounts thereafter deposited in the Lockbox Account allocable to the period prior to the next Payment Date; provided that Lender shall not be required to release or cause to be released -------- ---- released any such amounts during the period from the twentieth (20th) day of any calendar month until the next Payment Date.

Disbursement of Excess Funds. Provided no Event of Default has ---------------------------- has occurred that is then continuing, once funds sufficient to make all payments to Lender required to be made under the Loan Documents on the next Payment Date and any other amounts then payable to Lender have been deposited in the Lockbox Account, Lender shall release, or cause to be released to Borrower, as provided in the Cash Management Agreement, all amounts thereafter deposited in the Lockbox Account allocable to the period prior to the next Payment Date; provided that Lender shall not be required to release or cause to be released -------- ---- released any such amounts during the period from the twentieth (20th) day of any calendar month until the next Payment Date.