Failure to Remit Principal Payment. Borrower shall fail to remit (or cause to be remitted) to Lender any Principal Payment received with respect to the Underlying Loan for application to the payment of the Obligations for the Underlying Loan in accordance with Article 5(e).
Appears in 3 contracts
Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (AB Commercial Real Estate Private Debt Fund, LLC)
Failure to Remit Principal Payment. Borrower shall fail fails to remit (or cause to be remitted) to Lender any Principal Payment principal payment, liquidation proceeds or other similar proceeds received with respect to the an Underlying Loan for application to the payment of the Obligations Allocated Loan Amount for the such Underlying Loan in accordance with Article 5(e).Loan; or
Appears in 2 contracts
Samples: Loan and Security Agreement (NexPoint Real Estate Finance, Inc.), Loan and Security Agreement (NexPoint Real Estate Finance, Inc.)
