Common use of DISBURSEMENTS TO THIRD PARTIES Clause in Contracts

DISBURSEMENTS TO THIRD PARTIES. Upon the occurrence of a Default occasioned by Borrower’s failure to pay money to a third party as required by this Agreement, Lender may but shall not be obligated to make such payment from the Loan proceeds, Borrower’s Funds, or other funds of Lender. If such payment is made from proceeds of the Loan or from Borrower’s Funds, Borrower shall immediately deposit with Lender, upon written demand, an amount equal to such payment within five (5) business days of such demand. If such payment is made from funds of Lender, Borrower shall immediately repay such funds upon written demand of Lender within five (5) business days of such demand. In either case, the Default with respect to which any such payment has been made by Lender shall not be deemed cured until such deposit or repayment (as the case may be) has been made by Borrower to Lender.

DISBURSEMENTS TO THIRD PARTIES. Upon the occurrence of a Default occasioned ------------------------------ by Borrower’s Borrowers failure to pay money to a third party as required by this Agreement, Lender may but shall not be obligated to make such payment from the Loan proceeds, Borrower’s 's Funds, or other funds of Lender. If such payment is made from proceeds of the Loan or from Borrower’s 's Funds, Borrower shall immediately deposit with Lender, upon written demand, an amount equal to such payment within five (5) business days of such demandpayment. If such payment is made from funds of Lender, Borrower shall immediately repay such funds upon written demand of Lender within five (5) business days of such demandLender. In either case, the Default with respect to which any such payment has been made by Lender shall not be deemed cured until such deposit or repayment (as the case may be) has been made by Borrower to Lender.

DISBURSEMENTS TO THIRD PARTIES. Upon the occurrence of a an Event of Default occasioned by Borrower’s failure to pay money to a third party as required by this Agreement, Lender may but shall not be obligated to make such payment from the Loan Credit Facility proceeds, Borrower’s Fundsinsurance proceeds relating to a casualty to the Mortgaged Property which is then held by Lender, or other funds of Lender. If such payment is made from proceeds of the Loan or from Borrower’s FundsCredit Facility, Borrower shall immediately deposit with Lender, upon written demand, an amount equal to such payment within five (5) business days of such demandpayment. If such payment is made from funds of Lender, Borrower shall immediately repay such funds upon written demand of Lender within five (5) business days of such demandLender. In either case, the Event of Default with respect to which any such payment has been made by Lender shall not be deemed cured until such deposit or repayment (as the case may be) has been made by Borrower to Lender.

DISBURSEMENTS TO THIRD PARTIES. Upon the occurrence of a Default occasioned by Borrower’s failure to pay money to a third party as required by this Agreement, Lender may but shall not be obligated to make such payment from the Loan proceeds, Borrower’s Funds, or other funds of Lender or any amounts in deposit accounts maintained by Borrower with Lender. If such payment is made from proceeds of the Loan or from Borrower’s Fundsany Accounts, Borrower shall immediately deposit with Lender, upon written demand, an amount equal to such payment within five (5) business days of such demandpayment. If such payment is made from funds of Lender, Borrower shall immediately repay such funds upon written demand of Lender within five (5) business days of such demandLender. In either case, the Default with respect to which any such payment has been made by Lender shall not be deemed cured until such deposit or repayment (as the case may be) has been made by Borrower to Lender.

DISBURSEMENTS TO THIRD PARTIES. Upon the occurrence and during --------------------------------- continuance of a Default occasioned by Borrower’s 's failure to pay money to a third party as required by this Agreement, Lender may but shall not be obligated to make such payment from the Loan proceeds, Borrower’s 's Funds, or other funds of Lender. If such payment is made from proceeds of the Loan or from Borrower’s 's Funds, Borrower shall immediately deposit with Lender, upon written demand, an amount equal to such payment within five (5) business days of such demandpayment. If such payment is made from funds of Lender, Borrower shall immediately repay such funds upon written demand of Lender within five (5) business days of such demandLender. In either case, the Default with respect to which any such payment has been made by Lender shall not be deemed cured until such deposit or repayment (as the case may be) has been made by Borrower to Lender.. 11.4

DISBURSEMENTS TO THIRD PARTIES. Upon the occurrence of a Default occasioned by Borrower’s failure to pay money to a third party as required by this Agreement, Lender may but shall not be obligated to make such payment from the Loan proceeds, Borrower’s Borrowers’ Funds, or other funds of Lender or any amounts in deposit accounts maintained by Borrower with Lender. If such payment is made from proceeds of the Loan or from Borrower’s Borrowers’ Funds, Borrower Borrowers shall immediately deposit with Lender, upon written demand, an amount equal to such payment within five (5) business days of such demandpayment. If such payment is made from funds of Lender, Borrower Borrowers shall immediately repay such funds upon written demand of Lender within five (5) business days of such demandLender. In either case, the Default with respect to which any such payment has been made by Lender shall not be deemed cured until such deposit or repayment (as the case may be) has been made by Borrower to Lender.