Excess Cash; Operating Expenses; Extraordinary Expenses. (a) Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”). Amounts so deposited shall hereinafter be referred to as the “
Appears in 3 contracts
Samples: Loan Agreement (Griffin Capital Essential Asset REIT II, Inc.), Loan Agreement (Griffin Capital Essential Asset REIT, Inc.), Loan Agreement (Independence Realty Trust, Inc)
Excess Cash; Operating Expenses; Extraordinary Expenses. (a) Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s 's agent into which Borrower shall deposit all Excess Cash on each Payment Date during the continuation of a Cash Sweep Period (the “"Excess Cash Reserve Account”"). Amounts so deposited shall hereinafter be referred to as the “"Excess Cash Reserve Funds".
Appears in 2 contracts
Samples: Loan Agreement (MVP REIT II, Inc.), Loan Agreement (MVP REIT, Inc.)
Excess Cash; Operating Expenses; Extraordinary Expenses. (a) Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Scheduled Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”)) to be held by Lender as additional security for the Loan, provided that such deposits shall only be made during the continuation of a Cash Sweep Period. Amounts so deposited shall hereinafter be referred to as the “
Appears in 1 contract
Samples: Loan Agreement (Sun Communities Inc)
Excess Cash; Operating Expenses; Extraordinary Expenses. (a) Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Scheduled Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”)) to be held by Lender as additional security for the Loan. Amounts so deposited shall hereinafter be referred to as the “
Appears in 1 contract
Excess Cash; Operating Expenses; Extraordinary Expenses. (ae) Upon the occurrence of a Cash Sweep Period, Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Scheduled Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”). Amounts so deposited shall hereinafter ) to be referred to as the “held by Lender as
Appears in 1 contract
Samples: Loan Agreement (Sun Communities Inc)
Excess Cash; Operating Expenses; Extraordinary Expenses. (ae) Upon the occurrence of a Cash Sweep Period, Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Scheduled Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”)) to be held by Lender as additional security for the Loan, provided that such deposits shall only be made during the continuation of a Cash Sweep Period. Amounts so deposited shall hereinafter be referred to as the “
Appears in 1 contract
Samples: Loan Agreement (Sun Communities Inc)
