Common use of Disposition Period Clause in Contracts

Disposition Period. During the Disposition Period, the Property Manager will be required to utilize efforts consistent with the Servicing Standard to cause all of the Leases, Properties and Mortgage Loans to be released from the Collateral Pool prior the Rated Final Payment Date by receiving payment of the Release Price for such Properties through the sale of such Properties to a third party or to a STORE SPE.

Appears in 6 contracts

Samples: Management and Servicing Agreement (Store Capital LLC), Management and Servicing Agreement (Store Capital LLC), Management and Servicing Agreement (STORE CAPITAL Corp)

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Disposition Period. During the Disposition Period, the Property Manager will be required to utilize efforts consistent with the Servicing Standard to cause all of the Leases, Properties and Mortgage Loans related Leases to be released from the Collateral Pool prior the Rated Final Payment Date by receiving payment of the Release Price for such Properties and Leases through the sale of such Properties to a third party or to a STORE SPEProperties.

Appears in 2 contracts

Samples: Management and Servicing Agreement (American Finance Trust, Inc), Management and Servicing Agreement (American Finance Trust, Inc)

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Disposition Period. During the Disposition Period, the Property Manager will be required to utilize efforts consistent with the Servicing Standard to cause all of the Leases, Properties and Mortgage Loans related Leases to be released from the Collateral Pool or Property Owner Membership Interests released from the Issuer Collateral Pool prior to the Rated Final Payment Date by receiving payment of the Release Price for such Properties and related Leases through the sale of such Properties to a third party or to a STORE SPEand related Leases.

Appears in 1 contract

Samples: Property Management Agreement (Cim Real Estate Finance Trust, Inc.)

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