Excess Account Collateral. Upon the occurrence of any Property Release, provided no 90% Cash Sweep Period exists and no Event of Default has occurred and is continuing, Mezzanine Lender shall promptly perform an analysis of the Account Collateral (First Mezzanine) in order to reasonably determine the amount of the Account Collateral (First Mezzanine) (including, but not limited to, Proceeds) attributable to the Release Property (the “Excess Account Collateral”), and shall promptly instruct Cash Management Bank to return to Mezzanine Borrower the Excess Account Collateral, if any, except to the extent that Mezzanine Lender reasonably determines that a shortfall exists in any Sub-Account with respect to the Property other than the Release Property.
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)
Excess Account Collateral. Upon the occurrence of any Property Release, provided no 90% Cash Sweep Period exists and no Event of Default has occurred and is continuing, Mezzanine Lender shall promptly perform an analysis of the Account Collateral (First Third Mezzanine) in order to reasonably determine the amount of the Account Collateral (First Third Mezzanine) (including, but not limited to, Proceeds) attributable to the Release Property (the “Excess Account Collateral”), and shall promptly instruct Cash Management Bank to return to Mezzanine Borrower the Excess Account Collateral, if any, except to the extent that Mezzanine Lender reasonably determines that a shortfall exists in any Sub-Account with respect to the Property other than the Release Property.
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)
Excess Account Collateral. Upon the occurrence of any Property Release, provided no 90% Cash Sweep Period exists and no Event of Default has occurred and is continuing, Mezzanine Lender shall promptly perform an analysis of the Account Collateral (First Second Mezzanine) in order to reasonably determine the amount of the Account Collateral (First Second Mezzanine) (including, but not limited to, Proceeds) attributable to the Release Property (the “Excess Account Collateral”), and shall promptly instruct Cash Management Bank to return to Mezzanine Borrower the Excess Account Collateral, if any, except to the extent that Mezzanine Lender reasonably determines that a shortfall exists in any Sub-Account with respect to the Property other than the Release Property.
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)
Excess Account Collateral. Upon the occurrence of any Property Release, provided no 90% Cash Sweep Period exists and no Event of Default has occurred and is continuing, Mezzanine Lender shall promptly perform an analysis of the Account Collateral (First Fourth Mezzanine) in order to reasonably determine the amount of the Account Collateral (First Fourth Mezzanine) (including, but not limited to, Proceeds) attributable to the Release Property (the “Excess Account Collateral”), and shall promptly instruct Cash Management Bank to return to Mezzanine Borrower the Excess Account Collateral, if any, except to the extent that Mezzanine Lender reasonably determines that a shortfall exists in any Sub-Account with respect to the Property other than the Release Property.
Appears in 1 contract
Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc)